Advertisement
YOU ARE HERE: LAT HomeCollections

EARNINGS

$2.9-Million 2nd-Quarter Loss Reported by AirCal

July 23, 1986|HENRY RIVERO

AirCal said it had a second-quarter net loss of $2.9 million, contrasted with net income of $8.8 million a year ago. Revenue for the period was $91.6 million, down 5.8% from $97.2 million.

For the first six months, the Newport Beach-based airline had a net loss of $10.2 million, contrastedwith net income of $10.8 million last year. Revenue for the six months was $168 million, down 5.1% from $177 million.

The regional carrier blamed the second-quarter loss on increased operating expenses incurred in the introduction of new routes to San Diego and Anchorage, Alaska, and also on the costs of added flights throughout its system.

In addition, the company said the extensive fare discounts introduced last August contributed to the losses in both quarters. An increase in fares during the past month was not enough to offset the loss, the airline said.

Advertisement
Los Angeles Times Articles
|
|
|