Sky Harbour Group Corporation (NYSE: SKYH) has demonstrated a notable operational and financial upturn in the second quarter of 2025, with revenues soaring by 82% year-over-year to $6.6M. This growth is attributed to the company's strategic expansions, including the opening of new campuses and enhanced leasing activities, solidifying its position in the aviation infrastructure industry.
The quarter saw the commencement of operations at Dallas Addison (ADS) and Seattle Boeing Field (BFI), with Denver Centennial (APA) slated to begin resident flight operations early in the third quarter. Additionally, the initiation of Miami Opa-Locka (OPF) Phase 2 and advancements in pre-development at several Tier 1 airport sites highlight Sky Harbour's dedication to broadening its national network. A pilot program for pre-leasing hangars at airports not yet under construction has already garnered early commitments, indicating a strong market demand for the company's services.
Financially, Sky Harbour reported a rise in rental revenue to $5.2M and fuel revenue to $1.4M. Despite facing higher operational costs due to newly opened campuses, the company's strategic initiatives, such as the establishment of Ascend Aviation Services, are designed to improve quality control and reduce expenses. With a robust balance sheet featuring $74.9M in consolidated cash and a recent $200M tax-exempt warehouse debt facility, Sky Harbour is well-positioned to fund its forthcoming developments.
Stonegate Capital Partners has updated its coverage on Sky Harbour Group Corp., offering a valuation range of $13.53 to $20.69, which underscores the confidence in the company's growth potential and operational approach. For further information on Sky Harbour's progress and financial details, visit https://www.skyharbour.group.
