Highest-materiality recent filing
Q2 consolidated revenues up ~50% YoY and 13% QoQ; first quarter of positive operating cash flow at ~$0.5M.
Sky Harbour Q1 revs up 56% YoY; guides FY2026 annualized run-rate revs $42-46M
Q1 consolidated revenues increased 56% YoY; constructed assets/CIP exceeded $350M, up $75M YoY.
FY2025 consolidated revenue increased 87% YoY; net cash used in operations improved to $2.3M from $9.1M, meeting breakeven guidance.
Sky Harbour closes $150M revenue bond financing at 6.00% for aviation facilities
Issued $150M Series 2026 Revenue Bonds via Public Finance Authority of Wisconsin; 6.00% interest, semi-annual.
Sky Harbour prices $150M Series 2026 bonds at 6.0% yield; upsized from $100M on strong demand
Series 2026 bonds: $150M private activity tax-exempt senior bonds, 6.0% coupon, mandatory tender Jan 1, 2031.
Sky Harbour subsidiary issues $10M note to Yorkville at 7.75% interest
Issued $10M unsecured promissory note through subsidiary Sky Harbour LLC to YA II PN, Ltd. (Yorkville).
Sky Harbour amends credit facility, draws $13M, announces $100M tax-exempt bond offering
First Amendment permits surplus cash release from Credit Agreement post-January 2027 subject to 2.00x DSCR.
Sky Harbour adds Yorkville as ATM agent; $98.6M remaining under $100M program
Entered amended ATM sales agreement with B. Riley and added Yorkville Securities as co-agent.
Sky Harbour reports 78% Q3 revenue growth, JV for $30.75M at Miami OPF, reaffirms breakeven guidance
Q3 consolidated revenues up 78.2% YoY; net cash used in ops improved to ~$0.9M from $1.2M.
Sky Harbour enters $200M term loan facility with JPMorgan to fund hangar projects
Term loan facility of up to $200M (expandable to $300M with credit approval) to finance hangar construction.
Sky Harbour Group Q2 revenue up 82% YoY; COO Whitesell departs, names new construction head
Q2 2025 consolidated revenues rose 82% year-over-year; net cash used in operations improved to $0.9M from $5M prior quarter.
Sky Harbour Q1 revenue up 133% YoY; reiterates 2025 breakeven guidance
Consolidated revenue increased 133% YoY (Q1 2025 vs Q1 2024); constructed assets and CIP >$275M.
Sky Harbour FY2024 revenue up 95% YoY; opens Phoenix campus, signs new Seattle lease
FY2024 consolidated revenue increased 95% YoY; net cash used in operations $9.1M; cash & Treasuries $127M at year-end.
Sky Harbour (SKYH) signed a 30-year ground lease with Mercer County for 10 acres at Trenton-Mercer Airport (TTN) starting December 18, 2024.
Sky Harbour acquires Camarillo hangar campus for ~$31M; expects immediate cash flow accretion
Paid ~$31M cash for 120,000 sq ft hangar complex and ground leases at Camarillo Airport (Los Angeles metro).
Sky Harbour Q3 revenue +64% YoY; raises ground-lease guidance to 9 by Dec 2025
Consolidated Q3 revenues up 64% vs Q3 2023; net cash used in ops $1.2M.
Sky Harbour closes initial $37.58M PIPE, upsized by $5.7M; second closing up to $37.58M by Dec 20
Issued 3,955,790 shares at $9.50 each for aggregate net proceeds of ~$37.58M.
Sky Harbour Group enters $31.8M PIPE with option for up to $31.8M additional
Issued 3,352,106 shares at $9.50 per share for initial net proceeds of $31.8 million.
Sky Harbour Q2 revenue up 109% YoY; raises ground lease guidance to 8 by Dec 2025
Q2 consolidated revenues increased 109% YoY and 50% sequentially; net cash used in ops improved to $1.0M from $4.4M in Q1 2024.
Sky Harbour signs 30-year SLC lease for hangar campus; $40M minimum improvements
Ground lease at Salt Lake City International Airport on 8.4 acres; initial 30-year term with two 20-year renewal options.
Sky Harbour signs 50-year ground lease at Washington Dulles for hangar campus
Lease covers ~18 acres at Dulles (IAD) from MWAA; initial term ~50 years to March 31, 2074, with 10-year extension option.
PANYNJ authorizes lease for Sky Harbour campus at Stewart International Airport (SWF)
Port Authority of NY & NJ voted to authorize lease execution for a Sky Harbour campus at Stewart International Airport.
Sky Harbour Q1 revenue up 117% YoY; Sky Harbour Capital reaches cash flow positive
Q1 2024 revenue up 117% YoY; SG&A up 38%.
Revenue surged 311% YoY; cash & investments total ~$172M as of Dec 31, 2023.
Sky Harbour appoints new COO, raises Dallas-Addison Phase 1 budget to $30-32M
COO Alexander Saltzman stepped down Dec 31, 2023; unvested incentive units fully vest, RSUs forfeited.
Entered two ground leases: BDL (8 acres, 30-yr term, $30M min capex) and POU (7 acres, 15-yr term, 25-yr extension option).
Sky Harbour closes $15M second PIPE tranche, total $57.8M; Altai expects $200M debt access
Second closing on Nov 29, 2023: 2,307,692 shares and 400,000 warrants at ~$6.50/share for $15M.
Sky Harbour Q3 revenue up 481% YoY; $42.8M PIPE closed; leasing advances
Q3 2023 revenue increased 481% YoY and 45% QoQ; SG&A down 1% YoY.
Sky Harbour raises $42.8M in PIPE of 6.6M shares and 1.14M warrants at ~$6.50/unit
Raised $42.8M from Altai Capital via 6,586,154 shares and 1,141,600 warrants at ~$6.50 per unit.
Sky Harbour Group enters ground lease for 25-acre hangar campus at Chicago Executive Airport
Executed 50-year ground lease with Chicago Executive Airport for Phase I (15 acres); intent for Phase II (10 acres) at airport's discretion.
Sky Harbour restates Q2 cash flow; material weakness in internal controls
Misclassified $3.372M in construction retainage payments as operating instead of investing.
Sky Harbour Q2 revenue surges 322% YoY; leasing and pipeline expand
Q2 revenue up 322% vs Q2 2022, 56% vs Q1 2023; SG&A decreased 5% YoY.
On December 31, 2023, Sky Harbour Group Corporation (the “Company”) and Sky Harbour LLC (“Sky”), a subsidiary of the Company, reached a mutual agreement with Alexander Saltzman, Chief Operating Officer of the Company and Sky, that Mr. Saltzman would step down from such positions, effective December 31, 2023
On November 21, 2023, the Compensation Committee (the “Compensation Committee”) of the Board of Directors of the Company (the “Board”) appointed Willard Whitesell as the Company’s Chief Operating Officer, effective as of his first date of employment, January 3, 2024.
Francisco Gonzalez was appointed to serve as Chief Financial Officer
each of Tal Keinan, Walter Jackson, Alethia Nancoo, Alex B. Rozek, Lysa Leiponis, Nick Wellmon and Robert S. Rivkin were elected as directors of the Company
Effective upon the Closing Date, each of Adam K. Peterson, Alex B. Rozek and Joshua P. Weisenburger resigned as executive officers of the Company
each of Tal Keinan, Walter Jackson, Alethia Nancoo, Alex B. Rozek, Lysa Leiponis, Nick Wellmon and Robert S. Rivkin were elected as directors of the Company
Effective upon the Closing Date, each of Adam K. Peterson, Sydney C. Atkins, David J. Bronczek and Shanna N. Khan resigned as directors of the Company
each of Tal Keinan, Walter Jackson, Alethia Nancoo, Alex B. Rozek, Lysa Leiponis, Nick Wellmon and Robert S. Rivkin were elected as directors of the Company
each of Tal Keinan, Walter Jackson, Alethia Nancoo, Alex B. Rozek, Lysa Leiponis, Nick Wellmon and Robert S. Rivkin were elected as directors of the Company
Michael Schmitt was appointed to serve as the Chief Accounting Officer
Tal Keinan was appointed to serve as the Chief Executive Officer
Gerald Adler was appointed to serve as the General Counsel and Corporate Secretary
Max materiality 0.90 · Median 0.62 · Most common event other_material