LAFAYETTE, La. (AP) _ PHI Inc. (PHIKQ) on Friday reported a loss of $32.1 million in its second quarter.
The Lafayette, Louisiana-based company said it had a loss of $2.03 per share. Losses, adjusted for non-recurring costs, were 36 cents per share.
The helicopter transportation company serving the oil and gas industry posted revenue of $165.2 million in the period.
In the final minutes of trading on Friday, the company's shares hit 9 cents. A year ago, they were trading at $8.18.