PSA Reports 2nd-Quarter Net Loss of $6.9 Million

Although Pacific Southwest Airlines Tuesday reported $3.2 million in net income for the second quarter, losses in other operations resulted in a $6.9-million net loss for its parent company, San Diego-based PSA Inc.

PSA Inc. reported an $18.7-million net loss for the first half, compared to $7.2 million in net income during the first half of 1985. Despite the gain in the second quarter, Pacific Southwest Airlines reported a $9.6-million net loss compared to $7.1 million in net income during the first half a year ago.

PSA Inc. recorded a $2.1-million write-down on certain oil and gas properties.

PSA Inc. operating revenue rose 11% to $226 million for the second quarter and airline operating revenue rose 1% to $194 million. A year ago, airline revenue was bolstered by a United Airlines pilot strike, a PSA spokesman said.