---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-009608"
form_type: "8-K"
ticker: "SKYH"
cik: "0001823587"
company_name: "Sky Harbour Group Corp"
filed_at: "2024-03-27T23:59:59+00:00"
generated_at: "2026-06-04T07:19:49.831930+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sky Harbour reports 2023 revenue up 311%, announces new leases at SJC and ORL, and discloses $26-28M remediation costs

## Summary
- Revenue surged 311% YoY; cash & investments total ~$172M as of Dec 31, 2023.
- Remediation costs of $26-28M for design flaws at Denver, Phoenix, Dallas; projects delayed 3-4 months.
- New ground leases executed at San Jose (SJC) and Orlando (ORL); SJC 58% pre-leased, first three campuses 95% occupied.
- Injected $27M equity into Obligated Group to cover remediation funding gap; filed S-3 for PIPE shares and new ATM program.
- SG&A expenses increased only 2.8% YoY; net cash used in operations improved to $7.7M from $27.5M.

## SEC filing metadata
- accession: 0001437749-24-009608
- form_type: 8-K
- ticker: SKYH
- cik: 0001823587
- company_name: Sky Harbour Group Corp
- filed_at: 2024-03-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823587/000143774924009608/0001437749-24-009608-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823587/000143774924009608/ysac20240326_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-009608
- JSON: https://secwatch.observer/filing/0001437749-24-009608.json
- Plain text: https://secwatch.observer/filing/0001437749-24-009608.txt

## Key facts
- Earnings Releases
  Sky Harbour Group Corp reported financial results for the year ended December 31, 2023.
  - Period: the year ended December 31, 2023
  - Result: reported results
  source text: On March 27, 2024, the Company issued a press release (the “Press Release”) which announced its financial results for the year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823587/000143774924009608/0001437749-24-009608-index.htm
- Material Agreements
  Sky Harbour Group Corp entered into SJC Lease with City of San Jose (effective 2024-03-23).
  - Action: entry
  - Agreement: lease
  - Counterparty: City of San Jose
  - Effective: 2024-03-23
  source text: On March 23, 2024, Sky Harbour Group Corporation (the “Company”), through a wholly-owned subsidiary of the Company, entered into a ground lease agreement (the “SJC Lease”) at San Jose Mineta International Airport (“SJC”) with the City of San Jose.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823587/000143774924009608/0001437749-24-009608-index.htm
- Material Agreements
  Sky Harbour Group Corp entered into ORL Lease with Greater Orlando Aviation Authority valued at $30 million (effective 2024-03-27).
  - Action: entry
  - Agreement: lease
  - Counterparty: Greater Orlando Aviation Authority
  - Value: $30 million
  - Effective: 2024-03-27
  source text: On March 27, 2024, the Company, through a wholly-owned subsidiary of the Company, entered into a ground lease agreement (the “ORL Lease”) at Orlando Executive Airport (“ORL”) with the Greater Orlando Aviation Authority (“GOAA”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823587/000143774924009608/0001437749-24-009608-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.