EX-99.1

⁽¹⁾ Certain information has been redacted due to the nature of an agreement between the Debtor and a third party.

Such Critical Vendors Obligations, and (III) Granting Related Relief [Docket No. 277], the Bankruptcy Court granted the Debtors authority to pay prepetition debts owed to critical vendors.

Pursuant to the Interim Order (I) Authorizing the Debtors to Pay Certain Prepetition Salaries, Wages, and Compensation, (II) Authorizing the Continuation of Employee Benefit Programs, (III) Authorizing Banks to Honor and Process Checks and Transfers Related to Such Employee Obligations and (IV) Granting Related Relief [Docket No. 66], the Amended Interim Order (I) Authorizing the Debtors to Pay Certain Prepetition Salaries, Wages, and Compensation, (II) Authorizing the Continuation of Employee Benefit Programs, (III) Authorizing Banks to Honor and Process Checks and Transfers Related to Such Employee Obligations and (IV) Granting Related Relief [Docket No. 124] and the Final Order (I) Authorizing the Debtors to Pay Certain Prepetition Salaries, Wages, and Compensation, (II) Authorizing the Continuation of Employee Benefit Programs, (III) Authorizing Banks to Honor and Process Checks and Transfers Related to Such Employee

Obligations and (IV) Granting Related Relief [Docket No. 213], the Bankruptcy Court granted the Debtors authority to pay or honor certain pre-petition obligations for wages, salaries and other compensation and employee benefits.

Pursuant to the Interim Order (I) Authorizing the Debtors to Pay Prepetition Claims of Shippers, Warehousemen, and Other Lien Claimants and (II) Granting Related Relief [Docket No. 67] and the Final Order (I) Authorizing the Debtors to Pay Prepetition Claims of Shippers, Warehousemen, and Other Lien Claimants and (II) Granting Related Relief [Docket No. 279], the Bankruptcy Court granted the Debtors authority to pay prepetition debts owed to shippers, warehousemen and other lien claimants.

Pursuant to the Interim Order (I) Authorizing the Debtors to Continue Their Insurance Policies and Pay Prepetition Obligations in Respect Thereof and (II) Granting Related Relief [Docket No. 71] and the Final Order (I) Authorizing the Debtors to Continue Their Insurance Policies and Pay Prepetition Obligations in

Respect Thereof and (II) Granting Related Relief [Docket No. 281], the Bankruptcy Court granted the Debtors authority to pay prepetition insurance obligations in connection with their insurance policies.

Pursuant to the Order (I) Authorizing the Debtors to Honor Certain Prepetition Obligations to Customers, (II) Authorizing the Debtors to Continue Their Customer Program in the Ordinary Course of Business, and (III) Granting Related Relief [Docket No. 73], the Bankruptcy Court granted the Debtors authority to pay prepetition customer obligations.

Pursuant to the Interim Order (I) Authorizing the Debtors to Maintain, Administer and Modify Their Refund Programs and Practices and (II) Granting Related Relief [Docket No. 74] and the Final Order (I) Authorizing the Debtors to Maintain, Administer and Modify Their Refund Programs and Practices and (II)

Granting Related Relief [Docket No. 280], the Bankruptcy Court granted the Debtors authority to pay prepetition patient refunds.


	INSTALLMENT PAYMENTS
TYPE OF POLICY	CARRIER	PERIOD COVERED	PAYMENT AMOUNT & FREQUENCY
Property	Zurich American	02/01/2019-02/01/2020		389,169 annually
Excess Flood	Aspen Specialty	02/01/2019-02/01/2020		27,359 annually
Excess Flood	James River	02/01/2019-02/01/2020		25,909 annually
Excess Flood	Evanston	02/01/2019-02/01/2020		31,455 annually
Medical Professional Liability	Capitol Specialty	02/01/2019-02/01/2020		235,048 annually
Medical Professional Liability (excess)	Illinois Union	02/01/2019-02/01/2020		51,600 annually
Medical Professional Liability (excess)	Endurance American	02/01/2019-02/01/2020		57,482 annually
Medical Professional Liability (excess)	Beazley	02/01/2019-02/01/2020		56,760 annually
Medical Professional Liability (excess)	QBE Insurance Limited	02/01/2019-02/01/2020		15,000 annually
Excess Spares	Energy Risk Limited via Lloyds	02/01/2019-02/01/2020		123,750 annually
Pollution Liability	Beazley	02/01/2018-02/01/2021		167,760 3 years
Special Crime	US Specialty (Tokio Marine/HCC)	02/20/2018-02/20/2021		14,520 3 years
Cyber Liability	Beazley	05/01/2019-05/01/2020		74,402 annually
Business Auto Liability	Starr Indemnity & Liability	05/01/2019-05/01/2020		212,144 annually
Workers Comp	Starr Indemnity & Liability	05/01/2019-05/01/2020		65,004 monthly
Defense Base Act WC	Starr Indemnity & Liability	05/01/2019-05/01/2020		17,975 annually
Excess WC/EL/Auto Liability	Starr Indemnity & Liability	05/01/2019-05/01/2020		62,215 annually
Foreign Master Placement	ACE American (Chubb)	05/01/2019-05/01/2020		266,472 annually
Crime	Great American	05/01/2019-08/01/2019		4,620 one-time
Fiduciary	QBE	05/01/2019-08/01/2019		5,041 one-time
Fiduciary (excess)	US Specialty (Tokio Marine/HCC)	05/01/2019-08/01/2019		3,024 one-time
Employment Practices Liability	Federal Insurance (Chubb)	05/01/2019-08/01/2019		15,955 one-time
D&O - 6 mo extension/6yr tail	QBE	05/01/2019-11/01/2019		585,000 one-time
D&O (excess) - 6 mo extension/6 yr tail	ACE American (Chubb)	05/01/2019-11/01/2019		306,860 one-time
D&O (excess) - 6 mo extension/6 yr tail	Great American	05/01/2019-11/01/2019		174,000 one-time
D&O (excess) - 6 mo extension/6 yr tail	Endurance American (Sompo)	05/01/2019-11/01/2019		120,000 one-time
D&O (excess) - 6 mo extension/6 yr tail	Axis	05/01/2019-11/01/2019		109,200 one-time
D&O (excess) - 6 mo extension/6 yr tail	US Specialty (Tokio Marine/HCC)	05/01/2019-11/01/2019		136,000 one-time
D&O (excess) - 6 mo extension/6 yr tail	Starr Indemnity & Liability	05/01/2019-11/01/2019		101,250 one-time
Hull, Spares, Liability & War	Allianz Global Risks US - lead	08/01/2017-08/01/2019		586,031 monthly
Excess Hull Liability	QBE North America	08/01/2017-08/01/2019		6,325 monthly


			Monthly Operating Report ACCRUAL BASIS
CASE NAME: PHI, Inc., et al.

CASE NUMBER: 19-30923-hdh11

JUDGE: Harlin D. Hale

UNITED STATES BANKRUPTCY COURT NORTHERN & EASTERN DISTRICTS OF TEXAS REGION 6 MONTHLY OPERATING REPORT

MONTH ENDING:	June	2019
	MONTH	YEAR

IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT, AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY) IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE.

RESPONSIBLE PARTY:

/s/ Robert A. Del Genio		Chief Restructuring Officer
ORIGINAL SIGNATURE OF RESPONSIBLE PARTY		TITLE

Robert A. Del Genio		7/22/2019
PRINTED NAME OF RESPONSIBLE PARTY		DATE

PREPARER:

/s/ Trudy McConnaughhay		Chief Financial Officer
ORIGINAL SIGNATURE OF PREPARER		TITLE

Trudy McConnaughhay		7/22/2019
PRINTED NAME OF PREPARER		DATE


	Petition Date 3/14/19		3/31/19		4/30/19		5/31/19		6/30/19
ASSETS
1 CASH	$	1,521,227	$	1,482,726	$	11,553,421	$	2,715,126	$	8,448,088
2 SHORT TERM INVESTMENTS		67,663,452		73,335,815		80,301,658		81,125,868		76,140,802
3 ACCOUNTS RECEIVABLE - (NET)		63,593,129		62,585,376		57,938,940		61,963,208		65,220,241
4 INVENTORY (NET)		38,320,271		39,525,144		29,722,554		30,342,998		29,871,072
5 PREPAID EXPENSES & OTHER		6,803,414		8,779,041		8,244,372		8,047,132		8,140,100
6 OTHER CURRENT ASSETS		984,820		859,278		859,278		859,278		811,201
7 INCOME TAXES RECEIVABLE		384,937		384,937		7,284		7,284		7,284
8 TOTAL CURRENT ASSETS	$	179,271,250	$	186,952,316	$	188,627,507	$	185,060,893	$	188,638,788
9 PROPERTY, PLANT & EQUIPMENT (NET)		569,099,800		567,577,555		563,507,863		558,820,645		562,879,825
10 RIGHT OF USE ASSETS		137,327,125		134,799,396		120,905,491		118,899,052		116,918,448
11 RESTRICTED INVESTMENTS		19,788,774		19,788,774		19,738,774		19,738,774		19,738,774
12 OTHER ASSETS		18,280,517		17,206,609		17,720,777		17,957,907		18,678,254
13 DEFERRED INCOME TAXES - ASSETS		2,717,649		932,075		2,104,704		4,409,821		4,527,042
14 GOODWILL				-		-		-		-
15 INTANGIBLES				-		-		-		-
16 TOTAL ASSETS	$	926,485,115	$	927,256,725	$	912,605,116	$	904,887,092	$	911,381,132
POSTPETITION LIABILITIES
17 NOTES PAYABLE				-		-		-		-
18 ACCOUNTS PAYABLE				6,883,955		6,778,691		20,307,864		39,167,877
19 ACCRUED EXPENSES				6,642,941		13,426,210		12,789,263		13,571,650
20 CURRENT PORTION OF OPERATING LEASE LIABILITIES		-		-		-		-		12,147,036
21 CURRENT PORTION OF LONG-TERM DEBT				-		875,000		875,000		875,000
22 LONG TERM DEBT AND CAPITAL LEASE OBLIGATIONS				-		-		-		-
23 DEFERRED INCOME TAXES PAYABLE				-		-		-		-
24 OTHER LONG TERM CREDITS AND LIAB				-		18,085		-		-
25 LT OPERATING LEASE LIABILITIES				-		-		-		-
26 TOTAL POSTPETITION LIABILITIES				13,526,897		21,097,986		33,972,127		65,761,563
PREPETITION LIABILITIES
27 LONG TERM DEBT AND CAPITAL LEASE OBLIGATIONS		193,735,691		193,735,691		193,015,195		193,169,699		193,324,204
28 PRIORITY DEBT		9,194		9,194		9,194		9,194		9,194
29 UNSECURED DEBT		514,717,622		513,182,310		512,372,947		512,170,190		511,752,025
30 ACCRUED EXPENSES		48,845,696		45,701,306		40,281,223		40,103,691		19,911,335
31 CURRENT PORTION OF OPERATING LEASE LIABILITIES		-		-		-		-		8,676,455
32 DEFERRED INCOME TAXES PAYABLE				-		-		-		-
33 OTHER LONG TERM CREDITS AND LIAB		1,417,259		1,406,972		1,406,972		1,401,106		1,501,046
34 LT OPERATING LEASE LIABILITIES		110,451,569		110,250,930		99,976,305		98,395,336		96,737,519
35 TOTAL PREPETITION LIABILITIES		869,177,031		864,286,403		847,061,837		845,249,216		831,911,778
36 TOTAL LIABILITIES		869,177,031		877,813,300		868,159,823		879,221,343		897,673,341
EQUITY
37 PREPETITION OWNERS’ EQUITY		57,308,084		49,443,425		44,445,292		25,665,749		13,707,791
38 POSTPETITION CUMULATIVE PROFIT OR (LOSS)						-		-		-
39 DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION)						-		-		-
40 TOTAL EQUITY		57,308,084		49,443,425		44,445,292		25,665,749		13,707,791
41 TOTAL LIABILITIES & OWNERS’ EQUITY		926,485,115		927,256,725		912,605,116		904,887,092		911,381,132


	3/15/19 - 3/31/19			4/1/19 - 4/30/19			5/1/19 - 5/31/19			6/1/19 - 6/30/19
REVENUES
1 GROSS REVENUES	$	13,383,146		$	25,233,863		$	24,639,758		$	25,833,630
2 LESS: RETURNS & DISCOUNTS		-			-			-			-
3 NET REVENUE	$	13,383,146		$	25,233,863		$	24,639,758		$	25,833,630
AIRCRAFT VARIABLE COSTS
4 HUMAN RESOURCES - VC		(1,181,672	)		(2,198,199	)		(2,233,798	)		(2,365,806	)
5 OCCUPANCY SUPPLIES - VC		(33,830	)		(84,523	)		(75,612	)		(118,144	)
6 NON-AC DEPR - AIRCRAFT - VC		(28,645	)		(15,731	)		(24,104	)		(17,908	)
7 Part 145 Maint - VC		570,244			595,561			624,145			1,248,709
8 UNDER (OVER) GFS UTILIZATION - VC		(176,556	)		7,423			90,681			(8,402	)
9 OTHER - AIRCRAFT - VC		(60,737	)		(109,612	)		(90,347	)		(74,022	)
10 SPARE PARTS		(532,489	)		(699,816	)		(287,098	)		60,139
11 REPAIRS		(323	)		(1,334,463	)		(2,631,299	)		(2,274,693	)
12 POWER BY THE HOUR		(2,626,036	)		(4,292,279	)		(4,714,558	)		(3,663,903	)
13 FUEL		(516,815	)		(1,079,064	)		(1,247,729	)		(833,992	)
14 SUPPLY CHAIN ALLOCATION - VC		983,263			680,767			577,518			540,903
15 TOTAL AIRCRAFT VARIABLE COSTS		(3,603,594	)		(8,529,935	)		(10,012,202	)		(7,507,119	)
AIRCRAFT FIXED COSTS
16 APPLIED AIRCRAFT FIXED COSTS		2,232			4,070			4,070			4,070
17 AIRCRAFT DEPRECIATION		(1,522,245	)		(3,090,903	)		(2,852,970	)		(2,795,139	)
18 AIRCRAFT PROPERTY TAX		(206,616	)		(376,770	)		(376,770	)		(76,303	)
19 INSURANCE		(137,687	)		(253,824	)		(244,084	)		(248,913	)
20 HELICOPTER RENT		(1,399,285	)		(2,557,494	)		(2,557,494	)		(2,557,494	)
21 AIRCRAFT PILOT SALARIES		(1,600,655	)		(2,684,686	)		(2,913,655	)		(2,754,939	)
22 AIRCRAFT MECHANIC SALARIES		(1,565,936	)		(2,540,479	)		(2,635,002	)		(1,837,256	)
23 SUPPLY CHAIN ALLOCATION		(936,375	)		(504,469	)		(427,755	)		(399,942	)
24 TOTAL AIRCRAFT FIXED COSTS		(7,366,568	)		(12,004,555	)		(12,003,660	)		(10,665,915	)
COST OF GOODS SOLD
25 COST OF GOODS SOLD		(185,876	)		(8,840	)		(316,506	)		(690,725	)
OPERATING EXPENSE
26 HR - OPERATING EXPENSES		(687,823	)		(1,580,630	)		(1,230,664	)		(1,651,994	)
27 OCCUPANCY SUPPLIES-OE		(525,150	)		(723,777	)		(818,891	)		(634,920	)
28 NON-AC DEPRECIATION - OE		(103,046	)		(258,799	)		(284,742	)		(256,421	)
29 NON-AC ALLOCATIONS - OE		197,366			613,653			416,634			193,698
30 OTHER - OPERATING EXPENSES		(1,334,931	)		(2,702,188	)		(2,471,456	)		(3,046,321	)
31 EMPLOYEE BENEFITS		(10,069	)		(22,819	)		(26,863	)		(86,312	)
32 TOTAL OPERATING EXPENSE		(2,463,654	)		(4,674,560	)		(4,415,983	)		(5,482,270	)
SELLING, GENERAL AND ADMIN
33 HUMAN RESOURCES - SG&A		(1,133,282	)		(3,566,862	)		(1,994,751	)		(1,940,800	)
34 OCCUPANCY SUPPLIES - SG&A		(128,713	)		(211,892	)		(593,090	)		(242,766	)
35 NON-AC DEPRECIATION - SG&A		(89,631	)		(125,207	)		(129,748	)		(126,584	)
36 NON-AC ALLOCATION - SG&A		(26,064	)		144,470			93,263			106,455
37 OTHER SG&A		(1,922,195	)		(1,788,835	)		633,598			948,464
38 LEGAL AUDIT		(1,466,562	)		(355,552	)		(16,360,112	)		(22,356	)
39 TOTAL SELLING, GENERAL AND ADMIN		(4,766,447	)		(5,903,878	)		(18,350,839	)		(1,277,587	)
40 TOTAL OPERATING EXPENSES		(18,386,140	)		(31,121,768	)		(45,099,190	)		(25,623,615	)
41 GAIN/LOSS ON DISPOSITION OF ASSETS, NET		-			(88,711	)		(20,776	)		211,207
42 EQUITY NET LOSS		173,638			449,694			290,548			298,767
43 OPERATING INCOME		(4,829,356	)		(5,526,923	)		(20,189,659	)		719,989
OTHER INCOME & EXPENSES
44 OTHER INCOME/EXPENSES, NET		(1,249,729	)		(1,228,269	)		(1,333,061	)		(12,737,451	)
45 EARNINGS BEFORE INCOME TAXES		(6,079,084	)		(6,755,192	)		(21,522,720	)		(12,017,462	)
46 INCOME TAX EXPENSE		(1,785,574	)		1,188,669			2,286,709			(241,014	)
47 NET EARNINGS		(7,864,658	)		(5,566,522	)		(19,236,012	)		(12,258,476	)


	3/15/19 - 3/31/19		4/1/19 - 4/30/19		5/1/19 - 5/31/19		6/1/19 - 6/30/19
1 CASH - BEGINNING MARCH 15		$ 89,048,896		$ 95,426,105		$ 113,017,078		$ 107,777,210
RECEIPTS FROM OPERATIONS
2 CASH SALES		-		-		-		-
COLLECTION OF ACCOUNTS RECEIVABLE
3 PREPETITION & POSPETITION RECEIPTS		12,872,873		34,969,326		27,987,090		30,212,215
4 TOTAL OPERATING RECEIPTS		$ 12,872,873		$ 34,969,326		$ 27,987,090		$ 30,212,215
NON-OPERATING RECEIPTS
5 TRANSFERS FROM PHI AIR MEDICAL		6,861,387		17,042,364		18,400,317		17,155,331
6 SALE OF ASSETS		-		-		-		1,400,000
7 INTEREST INCOME		16,951		207,467		31,027		68,778
8 TOTAL RECEIPTS		$ 19,751,211		$ 52,219,158		$ 46,418,434		$ 48,836,324
OPERATING DISBURSEMENTS
9 NET PAYROLL, PAYROLL TAXES, AND BENEFITS		(9,289,506)		(19,391,239)		(24,469,271)		(19,475,993)
10 MAINTENANCE & MISC EXPENSES		(2,594,255)		(11,073,068)		(18,861,622)		(21,946,347)
11 AIRCRAFT LEASES		(250,685)		(1,400,964)		(3,146,672)		(1,823,858)
12 FUEL		(1,007,551)		(1,147,023)		(1,821,791)		(2,108,082)
13 TAXES		(68,316)		(1,377,357)		(1,070,185)		(1,115,833)
14 TOTAL OPERATING DISBURSEMENTS		$(13,210,314)		$(34,389,651)		$(49,369,541)		$(46,470,113)
NON-OPERATING DISBURSEMENTS
15 INTEREST EXPENSE								(1,540,233)
16 TRANFSERS TO NON-DEBTORS		(163,689)		(236,908)		(442,844)		(376,717)
17 TOTAL NON-OPERATING DISBURSEMENTS		$(163,689)		$(236,908)		$(442,844)		$(1,916,950)
REORGANIZATION EXPENSES
18 PROFESSIONAL FEES		-		-		(1,644,032)		(2,014,490)
19 U.S. TRUSTEE FEES		-		(1,625)		(201,886)		-
20 TOTAL DISBURSEMENTS		(13,374,003)		(34,628,184)		(51,658,303)		(50,401,553)
21 NET CASH FLOW		6,377,209		17,590,974		(5,239,869)		(1,565,229)
22 CASH - END OF MONTH		$ 95,426,105		$ 113,017,078		$ 107,777,210		$ 106,211,981



ACCOUNTS RECEIVABLE AGING ⁽¹⁾				3/31/19		4/30/19		5/31/19	6/30/19
1	0-30				$22,971,054		$23,176,156	$23,767,206		$23,348,765
2	31-60				25,811,099		19,206,916	19,835,330		19,802,240
3	61-90				482,663		4,444,544	6,229,191		5,856,003
4	91+				8,632,802		7,405,347	7,496,887		8,515,015
5	TOTAL ACCOUNTS RECEIVABLE				$57,897,618		$54,232,963	$57,328,614		$57,522,023
6	AMOUNT CONSIDERED UNCOLLECTIBLE				(4,371,785)		(4,371,785)	(4,371,785)		(4,371,785)
7	ACCOUNTS RECEIVABLE (NET)				$53,525,833		$49,861,178	$52,956,829		$53,150,238

AGING OF POSTPETITION TAXES AND PAYABLES
								MONTH: June


TAXES PAYABLE		0-30 DAYS		31-60 DAYS		61-90 DAYS		91+ DAYS	TOTAL
1	FEDERAL		$1,517,483		$ -		$ -	$ -		$1,517,483
2	STATE		232,325		-		-	-		232,325
3	LOCAL		-		-		-	2,347,614		2,347,614
4	OTHER (ATTACH LIST)		-		-		-	118,289		118,289
5	TOTAL TAXES PAYABLE		$1,749,808		$ -		$ -	$2,465,903		$4,215,711

6	ACCOUNTS PAYABLE ⁽¹⁾		3,582,962		353,984		2,060,814	13,369,845		19,367,606

STATUS OF POSTPETITION TAXES
								MONTH: June


FEDERAL				BEGINNING TAX LIABILITY		AMOUNT WITHHELD AND/ OR ACCRUED		AMOUNT PAID	ENDING TAX LIABILITY
1	WITHHOLDING				$413,746		$841,128	$(836,518)		$418,356
2	FICA-EMPLOYEE				258,483		514,152	(517,402)		255,233
3	FICA-EMPLOYER				349,527		547,103	(515,448)		381,182
4	UNEMPLOYMENT				482		170	-		652
5	INCOME				-		-	-		-
6	OTHER (ATTACH LIST)				381,818		458,745	(378,502)		462,061
7	TOTAL FEDERAL TAXES				$1,404,055		$2,361,299	$(2,247,871)		$1,517,483
STATE AND LOCAL
8	WITHHOLDING				306,036		197,278	(302,640)		200,673
9	SALES				25,812		28,099	(25,812)		28,099
10	EXCISE				-		-	-		-
11	UNEMPLOYMENT				3,531		22	-		3,553
12	REAL PROPERTY				63,530		12,706	-		76,237
13	PERSONAL PROPERTY				2,148,791		122,586	-		2,271,377
14	OTHER (ATTACH LIST)				99,189		19,425	(325)		118,289
15	TOTAL STATE & LOCAL				$2,646,889		$380,115	$(328,777)		$2,698,228
16	TOTAL TAXES				$4,050,944		$2,741,414	$(2,576,647)		$4,215,711


	Description	BEGINNING TAX LIABILITY			AMOUNT WITHHELD AND/ OR ACCRUED		AMOUNT PAID			ENDING TAX LIABILITY
OTHER (ATTACH LIST)
PHI, Inc - New Mexico - 2018 Tax Accrual	Income Tax		$ 100			$ -		$(100	)		$ -
PHI, Inc - Arizona - 2018 Tax Accrual	Income Tax		50			-		(50)			-
PHI, Inc - Kentucky - 2018 Tax Accrual	Income Tax		175			-		(175)			-
PHI, Inc - California - 2019 Tax Accrual⁽¹⁾	Income Tax		(993	)		133		-			(860	)
PHI, Inc - Arizona - 2019 Tax Accrual	Income Tax		21			4		-			25
PHI, Inc - Mississippi - 2019 Tax Accrual	Income Tax		7,226			1,445		-			8,672
PHI, Inc - New Jersey - 2019 Tax Accrual	Income Tax		833			167		-			1,000
PHI, Inc - Texas - 2019 Tax Accrual	Income Tax		91,777			17,676		-			109,453
Total			$99,189			$19,425		$(325	)		$118,289


																	MONTH: June
					BANK RECONCILIATIONS
	Account #1			Account #2			Account #3		Account #4		Account #5			Account #6		Account #7
A. BANK:		Hancock Whitney			Hancock Whitney			Hancock Whitney		Hancock Whitney		Hancock Whitney			HSBC		N/A	TOTAL
B. ACCOUNT NUMBER:		*8820			*8826			*1875		*3040		*5949			*7594		N/A
C. PURPOSE (TYPE):		Commercial Checking			Commercial Checking			Commercial Checking		Commercial Checking		Commercial Checking			Checking		Petty Cash
1 BALANCE PER BANK STATEMENT		$ 9,905,741			$ 100,144			$14,862		$3,009		$ -			$278,750		$30,408	$ 10,332,914
2 ADD: TOTAL DEPOSITS NOT CREDITED		-			-			-		-		-			-		-	-
3 SUBTRACT: OUTSTANDING CHECKS		(1,837,102	)		(95,020	)		-		-		(2,166	)		-		-	(1,934,288	)
4 OTHER RECONCILING ITEMS		15,876			34,094			-		-		2			-		-	49,972
5 MONTH END BALANCE PER BOOKS		$ 8,084,516			$ 39,218			$14,862		$3,009		$ (2,164	)		$278,750		$30,408	$8,448,599
6 NUMBER OF LAST CHECK WRITTEN		588870			417027			N/A		N/A		N/A - ZBA Sweep			N/A		N/A

				INVESTMENT ACCOUNTS
BANK, ACCOUNT NAME & NUMBER	DATE OF PURCHASE			TYPE OF INSTRUMENT					PURCHASE PRICE		CURRENT VALUE
7 UBS - Special Projects Account *4A2		N/A			Short Term Money Market Govt Funds					N/A		$29,927,478
8 UBS - Investments *08K		N/A			Short Term Money Market Govt Funds					N/A		-
9 UBS - Main Account *1A2		N/A			Short Term Money Market Govt Funds					N/A		44,293,175
10 UBS - SERP *4A2		N/A			Short Term Money Market Govt Funds					N/A		786,327
11 UBS - Collateral *6A2		N/A			Short Term Money Market Govt Funds					N/A		12,963,981
12 UBS - FX *5A2		N/A			Short Term Money Market Govt Funds					N/A		245,104
13 Hancock Whitney- Account *8850		9/28/2018			Certificate of Deposit					7,605,000		7,605,000
14 Hancock Whitney- Account *8849		9/28/2018			Certificate of Deposit					100,000		50,000
15 Hancock Whitney- Account *4229		2/1/2019			Certificate of Deposit					8,000		8,000
16 TOTAL INVESTMENTS												$95,879,066

							CASH
17 CURRENCY ON HAND												-

18 TOTAL CASH - END OF MONTH												104,327,664


PAYMENTS TO INSIDERS AND PROFESSIONALS

INSIDERS
NAME	TYPE OF PAYMENT		AMOUNT PAID		TOTAL PAID TO DATE
1 Lance Bospflug		Expense Reimbursement		$ 1,408		$ 1,903
2 Alan Brass		Monthly Retainer, Expense Reimbursement, and Director Fees		28,764		52,633
3 C. Russell Luigs		N/A		-		36,666

4 Richard H. Matzke		Expense Reimbursement		4,012		48,039
5 Thomas H. Murphy		N/A		-		46,666
6 Trudy McConnaughhay		Expense Reimbursement		113		446
7 Marcos Vivas		Expense Reimbursement		3,334		6,822
8 TOTAL PAYMENTS TO INSIDERS				$37,630		$193,176

	PROFESSIONALS
NAME	DATE OF COURT ORDER AUTHORIZING PAYMENT		AMOUNT APPROVED		AMOUNT PAID		TOTAL PAID TO DATE		TOTAL INCURRED & UNPAID *
1 Zack A. Clement		5/16/2019		$ 69,200		$ 69,200		$ 69,200		$ -
2 Proskauer		5/16/2019		534,252		534,252		534,252		-
3 Bryan Cave Leighon Paisner		5/16/2019		35,707		35,707		35,707		-
4 Herbert Smith Freehills		5/16/2019		4,300		4,300		4,300		-
5 Abogados Sierra S.C.		5/16/2019		2,620		2,620		2,620		-
6 Prime Clerk		3/21/2019		226,094		226,094		226,094		-
7 FTI Consulting		5/2/2019		1,142,318		1,142,318		2,432,631		-
8 DLA Piper		4/22/2019		N/A		-		353,719		180,850
9 TOTAL PAYMENTS TO PROFESSIONALS				$2,014,490		$2,014,490		$3,658,522		$180,850

POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS
NAME OF CREDITOR⁽¹⁾	SCHEDULED MONTHLY PAYMENTS DUE		AMOUNTS PAID DURING MONTH		TOTAL UNPAID POSTPETITION
1 Blue Torch Finance LLC		1,540,233.33		1,540,233.33		-
2 Thirty Two, LLC		N/A		N/A		N/A
3 Steven Brister		1,500.00		1,500.00		-
4 S E Brister		1,500.00		1,500.00		-
5 Seacraft Shipyard		1,000.00		1,000.00		-
6 SCT PROPERTIES LLC		3,300.00		3,300.00		-
7 Scholes International		5,048.75		5,048.75		-
8 SCHMID MOULTON PARKWAY, LTD		5,023.25		5,023.25		-
9 PINNACLE TOWERS, LLC		999.07		999.07		-
10 4K Services, Inc		12,600.00		12,600.00		-
11 4K Services Inc		1,800.00		1,800.00		-
12 AMERICAN TOWERS, INC.		1,491.26		1,491.26		-
13 AMERICAN TOWERS, INC.		1,694.06		1,694.06		-
14 AMERICAN TOWERS, INC.		1,610.61		1,610.61		-
15 AMERICAN TOWERS, INC.		1,811.61		1,811.61		-
16 AMERICAN TOWERS, INC.		1,665.17		1,665.17		-
17 AMERICAN TOWERS, INC.		1,074.57		1,074.57		-
18 AMERICAN TOWERS, INC.		1,057.74		1,057.74		-
19 BG REALTY & MANAGEMENT LLC		425.00		425.00		-
20 BG REALTY & MANAGEMENT LLC		575.00		575.00		-
21 BG REALTY & MANAGEMENT LLC		500.00		500.00		-
22 The Broadwater		879.00		879.00		-
23 The Broadwater		1,089.00		1,089.00		-
24 The Broadwater		879.00		879.00		-
25 The Broadwater		1,069.00		1,069.00		-


26 The Broadwater	1,069.00	1,069.00	-
27 The Broadwater	1,069.00	1,069.00	-
28 The Broadwater	1,069.00	1,069.00	-
29 The Broadwater	1,059.00	1,059.00	-
30 The Broadwater	1,069.00	1,069.00	-
31 The Broadwater	1,059.00	1,059.00	-
32 The Broadwater	1,059.00	1,059.00	-
33 The Broadwater	1,069.00	1,069.00	-
34 The Broadwater	1,069.00	1,069.00	-
35 The Broadwater	1,059.00	1,059.00	-
36 Family Partnership	8,000.00	8,000.00	-
37 CORDELL COMMUNICATIONS	1,033.38	1,033.38	-
38 ENGLAND ECONOMIC & INDUSTRIAL	443.53	443.53	-
39 ENGLAND ECONOMIC & INDUSTRIAL	17,741.37	17,741.37	-
40 EN VEN ENERGY VENTURE	300.00	300.00	-
41 FIRST EQUITY INC	4,950.00	4,950.00	-
42 GREATER LAFOURCHE POR	3,343.17	3,343.17	-
43 ABBERLY CREST APARTMENTS	2,642.00	2,642.00	-
44 Houma Terrebonne Airport	330.97	330.97	-
45 Houma Terrebone Airport	1,249.08	1,249.08	-
46 Houma Terrebonne Airport	745.29	745.29	-
47 Houma Terrebonne Airport	2,253.95	2,253.95	-
48 Houma Terrebonne Airport	2,652.30	2,652.30	-
49 Houma Terrebonne Airport	2,042.77	2,042.77	-
50 Houma Terrebonne Airport	858.16	858.16	-
51 Houma Terrebonne Airport	339.07	339.07	-
52 Houma Terrebonne Airport	5,873.66	5,873.66	-
53 Houma Terrebonne Airport	10,381.30	10,381.30	-
54 Irvin P Melancon Inc	5,512.50	5,512.50	-
55 LAFAYETTE AIRPORT COMMISSION	6,894.66	6,894.66	-
56 Lafayette Airport	92,389.33	92,389.33	-
57 MARTIN HOLDINGS, L.L.C.	12,934.32	12,934.32	-
58 Lafayette Airport	5,175.06	5,175.06	-
59 D C Walsh Company	7,640.25	7,640.25	-
60 PINNACLE TOWERS, LLC	876.64	876.64	-
61 INTERNATIONAL BUSINESS	1,061.00	1,061.00	-
62 FLIGHT SAFETY INTL INC (RENT)	1,441.00	1,441.00	-
63 FLIGHT SAFETY INTL INC (RENT)	4,248.00	4,248.00	-
64 Signature Flight Support	1,523.55	1,523.55	-
65 The Broadwater	1,379.00	1,379.00	-
66 BG REALTY & MANAGEMENT	495.00	495.00	-
67 The Broadwater	1,389.00	1,389.00	-
68 The Broadwater	1,419.00	1,419.00	-
69 The Broadwater	1,389.00	1,389.00	-
70 PLANTATION CROSSING APARTMENTS	995.00	995.00	-
71 PLANTATION CROSSING APARTMENTS	995.00	995.00	-
72 PLANTATION CROSSING APARTMENTS	995.00	995.00	-
73 PLANTATION CROSSING APARTMENTS	1,020.00	1,020.00	-
74 THE RESERVE AT COURET FARMS	22.00	22.00	-
75 THE RESERVE AT COURET FARMS	1,300.00	1,300.00	-
76 Canon Financial Services	238.60	238.60	-
77 Canon Financial Services	3,021.33	3,021.33	-
78 Canon Financial Services	234.25	234.25	-
79 Canon Financial Services	272.72	272.72	-
80 Canon Financial Services	240.18	240.18	-
81 Canon Financial Services	226.91	226.91	-
82 Canon Financial Services	210.13	210.13	-
83 GreatAmerica Financial Services Corporation	199.14	199.14	-
84 GreatAmerica Financial Services Corporation	212.90	212.90	-
85 GreatAmerica Financial Services Corporation	276.46	276.46	-
86 GreatAmerica Financial Services Corporation	429.12	429.12	-
87 GreatAmerica Financial Services Corporation	208.44	208.44	-
88 GreatAmerica Financial Services Corporation	133.95	133.95	-
89 GreatAmerica Financial Services Corporation	280.25	280.25	-
90 GreatAmerica Financial Services Corporation	442.48	442.48	-
91 GreatAmerica Financial Services Corporation	370.56	370.56	-
92 GreatAmerica Financial Services Corporation	382.11	382.11	-
93 GreatAmerica Financial Services Corporation	635.12	635.12	-


94 GreatAmerica Financial Services Corporation	164.45	164.45	-
95 GreatAmerica Financial Services Corporation	635.12	635.12	-
96 GreatAmerica Financial Services Corporation	245.08	245.08	-
97 Canon Financial Services	642.02	642.02	-
98 Ricoh/Wells Fargo	109.00	109.00	-
99 UNION PACIFIC RAILROAD COMPANY	1,600.00	1,600.00	-
100 CANON FINANCIAL SERVICES, INC.	241.89	241.89	-
101 CANON FINANCIAL SERVICES, INC.	212.21	212.21	-
102 CANON FINANCIAL SERVICES, INC.	212.15	212.15	-
103 CANON FINANCIAL SERVICES, INC.	230.94	230.94	-
104 PORT FOURCHON MARINA	500.00	500.00	-
105 Canon Financial Services	312.17	312.17	-
106 Canon Financial Services	298.33	298.33	-
107 THE RESERVE AT COURET FARMS	22.00	22.00	-
108 THE RESERVE AT COURET FARMS	1,300.00	1,300.00	-
109 REDACTED	REDACTED	REDACTED	REDACTED
110 REDACTED	REDACTED	REDACTED	REDACTED
111 REDACTED	REDACTED	REDACTED	REDACTED
112 REDACTED	REDACTED	REDACTED	REDACTED
113 REDACTED	REDACTED	REDACTED	REDACTED
114 REDACTED	REDACTED	REDACTED	REDACTED
115 REDACTED	REDACTED	REDACTED	REDACTED
116 REDACTED	REDACTED	REDACTED	REDACTED
117 REDACTED	REDACTED	REDACTED	REDACTED
118 REDACTED	REDACTED	REDACTED	REDACTED
119 REDACTED	REDACTED	REDACTED	REDACTED
120 REDACTED	REDACTED	REDACTED	REDACTED
121 REDACTED	REDACTED	REDACTED	REDACTED
122 REDACTED	REDACTED	REDACTED	REDACTED
123 TOTAL	1,830,490	1,830,490	-


	MONTH: June
QUESTIONNAIRE

	YES	NO
1 HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD?		X
2 HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT?		X
3 ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED PARTIES?	N/A	N/A
4 HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD?	X
5 HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY?		X
6 ARE ANY POSTPETITION PAYROLL TAXES PAST DUE?		X
7 ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE?		X
8 ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE?		X
9 ARE ANY OTHER POSTPETITION TAXES PAST DUE?		X
10 ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT?	X
11 HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD?	X
12 ARE ANY WAGE PAYMENTS PAST DUE?		X