Home > NetJets > NetJets CEO, Sokol, on CNBC

NetJets CEO, Sokol, on CNBC

The CEO of NetJets, David Sokol, talked to CNBC about the private aviation industry and Berkshire Hathaway. Sokol cited that 20% of NetJet’s traffic is down year over year and most of this is due to the soft leisure demand. He noted that business looks strong and that NetJets is on solid footing.

He did not mention anything about layoffs and I know that has been a worry for some of the junior pilots at the company. Hopefully, leisure traffic will pick back up and there will be no worry of pilot furloughs.

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