Sky Harbour Group Corporation
9.89-0.12 (-1.2%)
Oct 29, 4:00:02 PM EDT · NYSE · SKYH · USD
Key Stats
Market Cap
750.88MP/E (TTM)
-Basic EPS (TTM)
-1.15Dividend Yield
0%Recent Filings
8-K
Secures $200M hangar loan facility
Sky Harbour Group Corporation's subsidiary secured a $200 million term loan facility on September 4, 2025, maturing in 2030, to fund hangar construction at airports, with potential expansion to $300 million. Backed by real estate collateral and guarantees, the deal carries interest at 80% of SOFR plus 200 basis points, allowing capitalization in the first three years. This bolsters project financing while enforcing strict covenants like a 65% leverage ratio and 1.25x debt service coverage. No loans are drawn yet.
8-K
Q2 results and leadership shift
Sky Harbour Group Corporation announced Q2 2025 financial results, showing consolidated revenues up 82% year-over-year and constructed assets surpassing $295 million, while net cash used in operations improved to $0.9 million. The company opened its new campus at Denver's Centennial Airport, executed initial leases at Denver, Dallas, and Phoenix sites, and appointed Phil Amos as Head of Construction following COO Willard Whitesell's amicable departure on August 8. It reiterated 2025 guidance for operating cash-flow breakeven and five more airport leases. Leadership transition ensures continuity. Debt facility talks advance, but terms remain uncertain.
10-Q
Q2 FY2025 results
Sky Harbour Group swung to a net income of $14.4M for Q2 FY2025 ended June 30, 2025, up from $4.2M a year earlier, fueled by a $21.8M unrealized gain on warrants while revenue doubled to $6.6M y/y (derived) on rental growth from new campuses like DVT and ADS, alongside fuel sales at acquired CMA. Operating loss widened to $7.5M from $5.0M y/y (derived), pressured by higher ground leases and staff costs for expansions, yet portfolio occupancy hit 68.9%. Cash dipped to $8.6M with $24.0M restricted, supporting $84.1M in ongoing construction across 18 sites, backed by $162.7M bonds at fixed 4.0-4.25% rates maturing 2036-2054 and $6.7M short-term loans. New ground leases at HIO (13 acres, 35-year term) and SWF (16 acres, 30-year term) advance the pipeline. Warrants remain a volatility driver.
8-K
Annual meeting elects directors
Sky Harbour Group Corporation's stockholders overwhelmingly elected seven directors—Tal Keinan, Walter Jackson, Alethia Nancoo, Alex B. Rozek, Lysa Leiponis, Nick Wellmon, and Jordan Moelis—at its June 19, 2025, annual meeting, each to serve until 2026. Votes for each topped 59 million shares, with minimal opposition. Shareholders also ratified EisnerAmper LLP as auditors for the fiscal year ending December 31, 2025, with 64.9 million in favor. Continuity intact.
8-K
Q1 revenues up 133%
Sky Harbour Group reported Q1 2025 results with consolidated revenues surging 133% year-over-year, fueled by the Phoenix campus opening and upcoming Dallas and Denver launches. Constructed assets topped $275 million, while cash reserves hit $97.4 million, supporting expansion. The company secured new ground leases in Seattle and New York, targeting five more by year-end. Leasing ramps up across sites. Operations now scale nationwide.
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