Bankrupt PHI Lost $141 Million in 2018 | Aviation International News

Bankrupt PHI Lost $141 Million in 2018

Impairment charge, lower Air Medical profit contribute to PHI's 2018 $141 million loss

By Mark Huber • Contributor

March 22, 2019

Bankrupt helicopter services company PHI posted a $141.5 million loss last year, according to the company’s annual 10-K filing this week with the U.S. Securities and Exchange Commission (SEC). The loss included $109 million of impairment charges recorded in the fourth quarter related to goodwill and inventory.

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