PHI Layoff  

Less and less skilled workers want to work in hot muggy sweltering bug ridden climate.

The work is not easy.  92 mechs need to be big boys who can handle big tools, and pull big parts.

The tech is getting more complex, the avionics guys they have are aging and there's zero fresh blood coming in to replace them.

Even if they did get new hire avionics techs, there's no way the new kids would be able to troubleshoot their way out of a wet paper bag with out the skills passed down from the old farts that lived thru the analog years.  The immediate dunk into the digital world for the newbies would be a very steep learning curve....most would washout and just go do something easier, like I.T., in the air condition.

SO, with the decline, demand for skilled workers that ain't there....expect more issues with keeping them flying and keeping revenue up.  The top heavy dead heads, sponging up the high wages....are always the first to go when the layoffs come.  I see nothing but headwinds for the heli industry, especially PHI.  It's gonna be a difficult task to figure out how to make it all profitable going forward.