UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 8-K

                             CURRENT REPORT PURSUANT
                          TO SECTION 13 OR 15(d) OF THE
                       SECURITIES AND EXCHANGE ACT OF 1934

         Date of report (Date of earliest event reported) March 16, 2004

                           Petroleum Helicopters, Inc.
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             (Exact Name of Registrant as Specified in Its Charter)

                                    Louisiana
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                 (State of Other Jurisdiction of Incorporation)

        0-9827                                            72-0395707
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(Commission File Number)                       (IRS Employer Identification No.)


2001 SE Evangeline Thruway, Lafayette, LA                            70508
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 (Address of Principal Executive Offices)                          (Zip Code)

                                 (800) 235-2452
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              (Registrant's Telephone Number, Including Area Code)

                                       N/A
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          (Former Name or Former Address, if Changed Since Last Report)



Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits

         (a)  Financial Statements of Business Acquired.

              None.

         (b)  Pro Forma Financial Information.

              None.

         (c)  Exhibits



          Exhibit No.       Description
         ------------       ---------------------------------------------
                         
         99.1               Press Release dated March 15, 2004 announcing
                            earnings for year-ended December 31, 2003.


Item 12. Results of Operations and Financial Condition.

         On March 15, 2004, Registrant issued a press release announcing its
year-end 2003 earnings. The Press Release is filed herewith as exhibit 99.1 and
is incorporated herein by reference.

                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                       Petroleum Helicopters, Inc. (Registrant)


Date: March 16, 2004                   By: /s/  Michael J. McCann
                                           -------------------------------------
                                       Name:  Michael J. McCann
                                       Title: Chief Financial Officer

                                  EXHIBIT INDEX



          Exhibit No.       Description
         ------------       ---------------------------------------------
                         
         99.1               Press Release dated March 15, 2004 announcing
                            earnings for year-ended December 31, 2003.