Sky Harbour Group Corp
NYSE:SKYH

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Sky Harbour Group Corp Logo
Sky Harbour Group Corp
NYSE:SKYH
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Price: 9.4716 USD -0.4%
Market Cap: 719.5m USD

Sky Harbour Group Corp
Investor Relations

Sky Harbour Group Corp. engages in the development and leasing of general aviation hangars. The company is headquartered in Omaha, Nebraska and currently employs 23 full-time employees. The company went IPO on 2020-10-22. The firm develops, leases and manages general aviation hangars across the United States. The firm is engaged in developing a nationwide network of Home-Basing Solutions for business aircraft. Home-Basing Solutions provide private and corporate customers with the physical infrastructure in business aviation, coupled with dedicated service tailored to based aircraft. The Home-Basing Solutions hangar campuses provide the features and services, such as private hangar space for the exclusive use of the tenant; adjoining configurable lounge and office suites; line crews and services dedicated exclusively to tenants; climate control to mitigate condensation and associated corrosion; features to support in-hangar aircraft maintenance; no-foam fire suppression; and customized software to provide security, control access and monitor hangar space.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 12, 2025
AI Summary
Q3 2025

Strong Revenue Growth: Consolidated revenue rose 78% year-over-year and 11% sequentially to $7.3 million, boosted by new campus additions and higher leasing activity.

Accelerating Expansion: Assets under construction and completed projects exceeded $300 million, with more campuses breaking ground and a target of 23 airports by year-end, on track with guidance.

Cost Management: Operating expenses dropped slightly as one-time start-up costs subsided; SG&A includes a $2 million non-cash share-based comp charge but is expected to stay below $20 million on a cash basis.

Near Breakeven Cash Flow: Company is less than $1 million away from breakeven on a cash flow from operations basis and expects to achieve this on a run-rate basis next month.

Funding Secured: Closed the quarter with $48 million in cash and treasuries, enhanced by a new $200 million tax-exempt facility from JPMorgan locked at 4.73% interest.

Strategic Monetizations: Announced a $30.75 million deal with a family office for 75% of a new hangar, exploring more such deals to fund growth without diluting equity at current prices.

Leasing Strategy Shift: Moving to a pre-leasing model for new campuses to accelerate occupancy; initial leasing focuses on rapid fill at short-term rates before pushing for higher long-term rents.

Key Financials
Revenue
$7.3 million
Assets Under Construction and Completed Construction
over $300 million
Share-Based Compensation
$2 million
Cash and U.S. Treasuries
$48 million
Debt Facility
$200 million (JPMorgan tax-exempt facility)
Breakeven Cash Flow From Operations
less than $1 million away
Earnings Call Recording
Other Earnings Calls

Management

Mr. Tal Keinan
Chairman & CEO
No Bio Available
Mr. Francisco X. Gonzalez
Chief Financial Officer
No Bio Available
Mr. Willard Whitesell
Chief Operating Officer
No Bio Available
Mr. Michael Weber Schmitt
Chief Accounting Officer
No Bio Available
Ms. Alison Squiccimarro
In House Counsel
No Bio Available
Ms. Millie Hernandez-Becker
Director of Sales & Marketing
No Bio Available
Mr. Tim Johnson
Senior Vice President of Corporate Development
No Bio Available
Mr. Marty Kretchman
Senior Vice President of Airports
No Bio Available
Mr. Gerald I. Adler
Company Secretary
No Bio Available
Mr. Tim Herr
VP of Finance & Treasurer
No Bio Available

Contacts

Address
NEBRASKA
Omaha
1601 Dodge Street, Suite 3300
Contacts
+14022256511
skyharbour.group