Aviation Links Ltd. said its normalized net income for the first quarter came to a loss of 15 cents per share, compared with a loss of 12 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $1.1 million, compared with a loss of $909,380 in the prior-year period.

The normalized profit margin declined to negative 8.6% from negative 6.4% in the year-earlier period.

Total revenue decreased 7.8% year over year to $13.0 million from $14.1 million, and total operating expenses decreased 6.6% year over year to $14.5 million from $15.6 million.

Reported net income totaled a loss of $1.4 million, or a loss of 19 cents per share, compared to a loss of $1.1 million, or a loss of 14 cents per share, in the prior-year period.