Netjets profitable

[shalab]

50mil for the first quarter 2010. Not bad - if they keep this up, it will turn out to be pretty decent.

 

http://www.dispatch.com/live/content/business/stories/2010/04/22/netjets-returns-to-profit-in-first-quarter.html

 

 

[alwaysinvert]

"We've seen a 75 percent increase in first quarter '10 versus '09," said JetSelect CEO Robert Austin. He said business travel is driving the growth, in particular because of the return of initial public stock-offering activity. He said JetSelect does a good deal of business with companies doing "road shows" to potential investors ahead of going public.

I actually laughed out loud cynically at this.