Aviation Links Ltd. said its normalized net income for the second quarter came to a loss of $389,380, compared with income of $12,500 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to negative 1.0% from 0.0% in the year-earlier period.

Total revenue fell 5.0% year over year to $38.0 million from $40.0 million, and total operating expenses fell from the prior-year period to $38.4 million from $39.7 million.

Reported net income came to a loss of $456,060, or a loss of 6 cents per share, compared to income of $129,220, or 2 cents per share, in the prior-year period.