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PHI Inc., headquartered in Lafayette, posted a second quarter loss of $32 million, or $2.03 per share.

Lafayette-based helicopter services company PHI Inc., which filed for bankruptcy in March, posted a second-quarter loss of $32 million, or $2.03 per share.

That compares with a second-quarter 2018 loss of $7.1 million, or 45 cents per share. PHI said it incurred $26.5 million in net reorganization expenses during the quarter because of the Chapter 11 bankruptcy filing. Excluding those charges, the company said it lost $5.6 million, or 36 cents a share.

PHI said its operating revenues dropped from $169.3 million in second quarter of 2018 to $165.2 million this year. The oil and gas segment saw operating revenues drop by $7.1 million, while the air medical segment had revenues go up by $2.4 million.

Acadiana Business Today: Market Eatz restaurant to open in E Broussard Road shopping center; PHI Inc. reports $32 million loss

Lafayette-based helicopter services company PHI Inc., which filed for bankruptcy in March, posted a second-quarter loss of $32 million, or $2.…


Email Timothy Boone at tboone@theadvocate.com.