Aviation Links Ltd. said its normalized net income for the second quarter amounted to $12,500, compared with a loss of $347,500 in the prior-year period.

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

The normalized profit margin rose to 0.0% from negative 0.8% in the year-earlier period.

Total revenue fell 11.5% on an annual basis to $40.0 million from $45.1 million, and total operating expenses declined 12.2% from the prior-year period to $39.7 million from $45.2 million.

Reported net income came to $129,220, or 2 cents per share, compared to a loss of $349,650, or a loss of 5 cents per share, in the year-earlier period.