v3.3.1.900

Subsequent Events	12 Months Ended
	Dec. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	(16) SUBSEQUENT EVENTS Following three earlier programs in 2015, in January, 2016, we implemented a fourth voluntary employee retirement program (“VERP”) offered to all pilots who have attained age 64. The employees have until February 28, 2016 to accept the offer. Our maximum severance cost exposure under this program is $3.1 million. We also implemented a voluntary furlough program to our oil and gas pilots whereby pilots who elect to participate in the program will receive severance pay and may continue their medical coverage at their current employee-paid premiums. The period for acceptance of the furlough ended on January 27, 2016. Twenty-six pilots accepted the offer with a total severance cost of $0.4 million. Under the terms of the furlough agreement, PHI may provide notice of recall to the employees back to full-time employment no later than November 17, 2016.

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- Definition

The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.

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