PHI, Inc. Announces Third Quarter EPS of $(0.16)

PHI, Inc. PHII today reported financial results for the quarter ended September 30, 2010. Operating revenues for the three months ended September 30, 2010 were $135.7 million, compared to $124.2 million for the three months ended September 30, 2009, an increase of $11.5 million. Flight hours for the quarter ended September 30, 2010 were 39,192 compared to 37,647 for the quarter ended September 30, 2009. Net loss for the quarter ended September 30, 2010 was $2.4 million, or $0.16 per diluted share, compared to net earnings of $7.0 million for the quarter ended September 30, 2009, or $0.45 per diluted share. Pre-tax loss was $1.4 million for the quarter ended September 30, 2010, compared to pre-tax earnings of $11.6 million for the same period in 2009.