Hawker Pacific Loses $2.9 Million in 2nd Quarter

Hawker Pacific Aerospace, Sun Valley, reported a loss of $2.9 million for its second quarter ended June 30, compared with $965,000 net income in the same period last year. Revenues increased slightly to $17.4 million, from $17.3 million.

The company blamed the loss primarily on relocation costs for the company’s United Kingdom subsidiary.

Hawker Pacific repairs and overhauls landing gear equipment for the airline industry.