While the drag character is a 'she', Phil will be a 'he' out of drag, that was always just the parlance.
There's been an increase in drag performers using their real names, which is interesting - possibly less a matter of adopting a persona and more of artistic expression and changing times. Having a trans man on the last season of Drag Race had everyone trying themselves in knots pronoun-wise, which kind of highlighted how silly it all is.
I know there's no love lost for drag on this board but there you go.