Welcome to our dedicated page for Sky Harbour Group Corporation news (Ticker: SKYH), a resource for investors and traders seeking the latest updates and insights on Sky Harbour Group Corporation stock.
Sky Harbour Group Corporation (symbol: SKYH) is a distinguished aviation infrastructure company committed to building a nationwide network of home-based solutions for business aircraft. The firm focuses on developing, leasing, and managing sophisticated business aviation hangars throughout the United States. Leveraging its proprietary targeting and acquisition model, Sky Harbour identifies airfields with significant hangar supply and demand imbalances in pivotal markets.
The company's hangar campuses are designed to offer exclusive, private hangars along with a comprehensive suite of dedicated services, tailored specifically for home-based aircraft. This strategic approach ensures that Sky Harbour's clients receive unparalleled service quality, convenience, and security for their aviation needs.
Recent achievements highlight Sky Harbour's expanding footprint and significant contributions to the aviation sector. The company's innovative solutions and strategic partnerships have positioned it as a leader in the aviation infrastructure industry. Sky Harbour's financial condition reflects its robust business model and sustained growth, driven by a strong market demand for specialized aviation facilities.
Stay updated with the latest developments, acquisitions, and projects of Sky Harbour Group Corporation to understand the dynamic and evolving landscape of aviation infrastructure.
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Sky Harbour Group (SKYH) announces the release of its year-end 2023 financial results on Form 10-K and an investor webcast to review the financial results and provide a business update.
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The Sky Harbour Group Corporation (NYSE: SKYH, SKYH WS) announced the appointment of Will Whitesell as Chief Operating Officer and Loren Benedict as chief of operations at subsidiary RapidBuilt. The company also provided an update to its estimated budget for its Dallas-Addison home basing campus project.
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Sky Harbour Group Corporation (NYSE: SKYH, SKYH WS) Announces New Ground Leases and Updates on Construction Activities at Bradley International Airport and Hudson Valley Regional Airport
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Sky Harbour Group Corporation (SKYH) successfully completed a private equity placement, raising $57,810,000. The investment will enable the company to build out twelve total airfields totaling over 2.4 million square feet of rentable hangar space. The purchase price was equivalent to approximately $6.50 per share of Class A Common Stock and associated warrant coverage. The company's unique model among sophisticated aircraft operators has been recognized, and the completion of this equity financing is expected to give Sky Harbour access to over $200 million of additional debt capital.
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Sky Harbour Group Corporation (SKYH) announces a 481% increase in Q3 2023 revenues compared to Q3 2022, with SG&A expenses decreasing 1%. Net cash used in operating activities improved to $6.2 million from $25.3 million in the nine months ended September 30, 2022. The company maintains strong liquidity with approximately $130 million in cash, restricted cash, and US Treasury investments as of September 30, 2023. Facilities in Houston, Nashville, and Miami are 94%, 86%, and 63% leased, with full occupancy projected by the end of Q4 2023. Construction of new campuses and ground leases at key metro markets are also in progress.
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Sky Harbour Group Corporation (NYSE American: SKYH, SKYH WS) has entered into a Securities Purchase Agreement with investment vehicles managed by Altai Capital for a private placement of 6,586,154 shares of Class A Common Stock and warrants to purchase up to 1,141,600 shares of Class Common Stock. The aggregate purchase price for the private placement is $42,810,000. Altai Capital Falcon LP, the lead investor, has the right to purchase an additional $15 million in shares and warrants on similar terms for a period of 30 days. The closing of the financing occurred in New York, NY.
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Chicago Executive Airport and Sky Harbour Group announce agreement for development of Sky Harbour Home Base campus
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Sky Harbour Group Corporation announces filing of amendment to Form 10-Q for the period ended June 30, 2023
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Sky Harbour Group Corporation (NYSE American: SKYH, SKYH WS) announced its 2023 2nd quarter Financial Results in Form 10-Q. Q2 2023 revenues increased by 322% as compared to Q2 2022 and 56% compared to Q1 2023. SG&A expenses decreased by 5% compared to Q2 2022. Net cash flow used in operating activities during the six months ended June 30, 2023, improved to $9.1 million from $24.3 million during the six months ended June 30, 2022. The company maintains strong liquidity and capital resources, with cash, restricted cash, and US Treasury investments amounting to approximately $150 million as of June 30, 2023. The acquisition of pre-engineered metal building (PEMB) manufacturing company, RapidBuilt, was completed. Exclusive negotiations are underway for new ground leases at six target airports, with the company projecting full occupancy of new campuses by Q4 2023. The company's new project pipeline continues to expand, now including dozens of airports. Sky Harbour is recognized as the best Home Basing offering in business aviation, with plans for continued growth and improvement.
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Sky Harbour Group Corporation (SKYH) will release its 2023 second quarter financial results on August 14th and host a conference call and webcast on August 15, 2023, to review the financial results and provide a general business update. The call and webcast are open to the public, and a question-and-answer session with Sky Harbour leadership will follow.
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FAQ
What is the current stock price of Sky Harbour Group Corporation (SKYH)?
The current stock price of Sky Harbour Group Corporation (SKYH) is $11.15 as of January 24, 2025.
What is the market cap of Sky Harbour Group Corporation (SKYH)?
The market cap of Sky Harbour Group Corporation (SKYH) is approximately 378.5M.
What does Sky Harbour Group Corporation do?
Sky Harbour Group Corporation develops, leases, and manages business aviation hangars across the United States.
What is unique about Sky Harbour's hangar campuses?
Sky Harbour's hangar campuses offer exclusive private hangars and a full suite of dedicated services specifically designed for home-based aircraft.
How does Sky Harbour select airfields for its hangar campuses?
Sky Harbour uses a proprietary targeting and acquisition model to identify airfields with hangar supply and demand imbalances in key markets.
What recent achievements has Sky Harbour had?
Sky Harbour has expanded its footprint and formed strategic partnerships, solidifying its position as a leader in aviation infrastructure.
Is Sky Harbour a financially stable company?
Yes, Sky Harbour's financial condition reflects its robust business model and sustained growth.
What services does Sky Harbour offer in its hangar campuses?
Sky Harbour provides exclusive private hangars alongside a comprehensive suite of dedicated services tailored for home-based aircraft.
Where does Sky Harbour operate?
Sky Harbour operates across various strategic locations in the United States.
What is the significance of Sky Harbour's proprietary targeting model?
The proprietary targeting model allows Sky Harbour to effectively identify and address hangar supply and demand imbalances in the market.
How can I stay updated with Sky Harbour's latest news?
You can follow the latest developments, acquisitions, and projects of Sky Harbour Group Corporation through their official announcements and news updates.
What is Sky Harbour's market symbol?
Sky Harbour Group Corporation is listed under the symbol SKYH.
Sky Harbour Group Corporation
NYSE:SKYH
SKYH Rankings
SKYH Stock Data
378.49M
20.59M
38.71%
13.82%
4.02%
Aerospace & Defense
Real Estate
United States of America
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