Sky Harbour Group Q2 revenue up 82% YoY; COO Whitesell departs, names new construction head

Sky Harbour Group Corp

Q2 2025 consolidated revenues rose 82% year-over-year; net cash used in operations improved to $0.9M from $5M prior quarter.
COO Will Whitesell stepped down on August 8, 2025 under a Separation Agreement; all unvested RSUs fully vested.
Phil Amos, a 40-year PEMB industry veteran, joined as Head of Construction and President of Ascend Aviation Services.
Company reiterated guidance for operating cash-flow breakeven by year-end 2025 and five additional airport ground leases by end of 2025.
Sky Harbour in advanced discussions for a $200M tax-exempt bank debt facility at expected rate of ~5.47% (SOFR-based).

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