Preflight and Departure
The pilot completed a preflight inspection and fueled the airplane before departing the airport to pick up a banner for towing.
First Altitude Loss
During cruise flight, the airplane began to lose altitude. The pilot applied full power in an attempt to correct the descent, but the airplane continued to descend. After a period, the descent ceased and the airplane flew normally. The pilot was not alarmed by this event, as he frequently encountered downdrafts in the area.
Second Altitude Loss and Ditching
Later in the flight, the airplane again began to lose altitude. The pilot applied full power, adjusted the engine controls, released the banner, and configured the airplane in various combinations of airspeed and angle of attack. These actions had little effect on the descent rate. Due to the number of persons on the beach, the pilot decided to ditch the airplane in the Atlantic Ocean. The airplane subsequently sank and was not recovered.
Investigation
The aircraft was not recovered, limiting the investigation. The source material does not specify a probable cause for the loss of altitude.