Stonegate Capital Partners Updates Coverage on Sky Harbour Group Corporation (SKYH) Q2 2025
Sky Harbour Group (NYSE:SKYH) demonstrated strong operational progress in Q2 2025, marked by significant expansion and financial growth. The company reported an 82% year-over-year revenue increase and an 18% sequential growth. Operating cash use improved to $0.9M from $5M in Q1, with robust liquidity of ~$75M.
SKYH expanded operations by opening new campuses at Dallas Addison (ADS) and Seattle Boeing Field (BFI), with Denver Centennial (APA) preparations for early Q3. The company's portfolio now includes nine operational campuses, one nearing completion, and thirteen in pre-development. SKYH is pursuing a $200M five-year tax-exempt bank construction facility to fund 5-6 new airport projects.
Sky Harbour Group (NYSE:SKYH) ha mostrato solidi progressi operativi nel 2掳 trimestre 2025, caratterizzati da una significativa espansione e crescita finanziaria. La societ脿 ha registrato un aumento dei ricavi del 82% su base annua e una crescita sequenziale del 18%. L'utilizzo di cassa operativo 猫 migliorato a $0,9M rispetto a $5M nel Q1, con una solida liquidit脿 di ~$75M.
SKYH ha ampliato le attivit脿 aprendo nuovi campus a Dallas Addison (ADS) e Seattle Boeing Field (BFI), con Denver Centennial (APA) in preparazione per l'inizio del 3掳 trimestre. Il portafoglio comprende ora nove campus operativi, uno in fase di completamento e tredici in pre-sviluppo. SKYH sta perseguendo una facilit脿 bancaria per la costruzione esente da imposte di $200M per cinque anni per finanziare 5-6 nuovi progetti aeroportuali.
Sky Harbour Group (NYSE:SKYH) mostr贸 s贸lidos avances operativos en el 2T 2025, con una expansi贸n relevante y crecimiento financiero. La compa帽铆a inform贸 un aumento interanual de ingresos del 82% y un crecimiento secuencial del 18%. El uso de efectivo operativo mejor贸 a $0,9M desde $5M en el 1T, con una liquidez robusta de ~$75M.
SKYH ampli贸 sus operaciones abriendo nuevos campus en Dallas Addison (ADS) y Seattle Boeing Field (BFI), y prepara Denver Centennial (APA) para el inicio del 3T. La cartera ahora incluye nueve campus operativos, uno pr贸ximo a completarse y trece en predesarrollo. SKYH est谩 buscando una l铆nea bancaria de construcci贸n exenta de impuestos por $200M a cinco a帽os para financiar 5鈥�6 nuevos proyectos aeroportuarios.
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厂碍驰贬电� 雽堧煬鞀� 鞎犽敂鞀�(ADS)瓿� 鞁滌暊韹� 氤挫瀴 頃勲摐(BFI)鞐� 靸� 旌犿嵓鞀るゼ 鞐挫柎 鞖挫榿鞚� 頇曥灔頄堨溂氅�, 雿措矂 靹柬厡雼堨柤(APA)鞚� 3攵勱赴 齑� 臧�霃欖潉 欷�牍� 欷戩瀰雼堧嫟. 韽姼韽措Μ鞓れ棎電� 順勳灛 鞖挫榿 欷戩澑 旌犿嵓鞀� 9瓿�, 鞕勱车 歆侅爠 1瓿�, 靷爠 臧滊皽 雼硠 13瓿踌澊 韽暔霅橃柎 鞛堨姷雼堧嫟. 厂碍驰贬电� 5~6臧滌潣 鞁犼窚 瓿淀暛 頂勲鞝濏姼 鞛愱笀 臁半嫭鞚� 鞙勴暣 5雲� 毵岅赴, 靹戈笀 氅挫牅 鞚�頄� 瓯挫劋 雽�於� $200M鞚� 於旍頃橁碃 鞛堨姷雼堧嫟.
Sky Harbour Group (NYSE:SKYH) a affich茅 de solides progr猫s op茅rationnels au 2T 2025, marqu茅s par une expansion significative et une croissance financi猫re. La soci茅t茅 a enregistr茅 une hausse des revenus de 82% en glissement annuel et une croissance s茅quentielle de 18%. L'utilisation de tr茅sorerie op茅rationnelle s'est am茅lior茅e, passant de $5M au T1 脿 $0,9M, avec une liquidit茅 robuste d'environ $75M.
SKYH a 茅tendu ses activit茅s en ouvrant de nouveaux campus 脿 Dallas Addison (ADS) et Seattle Boeing Field (BFI), tandis que Denver Centennial (APA) est en pr茅paration pour le d茅but du T3. Le portefeuille comprend d茅sormais neuf campus op茅rationnels, dont un en cours d'ach猫vement et treize en pr茅-d茅veloppement. SKYH recherche une facilit茅 bancaire de construction exon茅r茅e d'imp么ts de $200M sur cinq ans pour financer 5 脿 6 nouveaux projets a茅roportuaires.
Sky Harbour Group (NYSE:SKYH) zeigte im 2. Quartal 2025 starke operative Fortschritte mit deutlicher Expansion und finanziellem Wachstum. Das Unternehmen meldete einen Umsatzanstieg von 82% im Jahresvergleich und ein sequenzielles Wachstum von 18%. Der operative Cash-Abfluss verbesserte sich von $5M im Q1 auf $0,9M, bei einer robusten Liquidit盲t von ~$75M.
SKYH hat die Aktivit盲ten durch die Er枚ffnung neuer Standorte in Dallas Addison (ADS) und Seattle Boeing Field (BFI) ausgeweitet; Denver Centennial (APA) wird f眉r Anfang Q3 vorbereitet. Das Portfolio umfasst nun neun betriebsbereite Standorte, einen kurz vor der Fertigstellung und dreizehn in der Vorentwicklung. SKYH strebt eine steuerbefreite, f眉nfj盲hrige Bankfinanzierungsfazilit盲t 眉ber $200M zur Finanzierung von 5鈥�6 neuen Flughafenprojekten an.
- Revenue growth of 82% year-over-year and 18% quarter-over-quarter
- Improved operating cash use from $5M to $0.9M quarter-over-quarter
- Strong liquidity position of ~$75M
- Successful expansion with two new operational campuses and one nearing completion
- Pursuing $200M construction facility for further expansion
- Still operating with negative cash flow, though improving
Insights
Sky Harbour's 82% YoY revenue growth and expanding airport network signal strong operational momentum with potential path to cash flow breakeven.
Sky Harbour's Q2 results demonstrate impressive operational scaling with
The business model shows strong validation through successful pre-leasing activities at multiple airports, with rates exceeding internal targets at newer locations like Bradley International and Dulles. This validates both market demand and pricing power for Sky Harbour's private aviation infrastructure.
The portfolio expansion to nine operational campuses with more in development demonstrates effective execution of their growth strategy. The upcoming
The
Dallas, Texas--(Newsfile Corp. - August 13, 2025) - Sky Harbour Group Corp. (NYSE: SKYH): Stonegate Capital Partners updates their coverage on Sky Harbour Group Corp. (NYSE: SKYH). Sky Harbour maintained strong operational momentum in 2Q25, underpinned by campus openings, leasing activity, and construction progress across its growing nationwide network. During the quarter, the Company commenced operations at Dallas Addison (ADS) and Seattle Boeing Field (BFI) and prepared for the start of resident flight operations at Denver Centennial (APA) in early 3Q25. Miami Opa-Locka (OPF) Phase 2 broke ground in Q2, with completion targeted for 2Q26. The Company also advanced pre-development at multiple Tier 1 airport sites, including Dulles (IAD), Bradley International (BDL), and Portland-Hillsboro (HIO), and initiated a successful pilot program to pre-lease hangars at airports not yet under construction, securing early commitments at BDL and IAD. As of quarter-end, the portfolio included nine operational campuses, one nearing completion, and thirteen in various pre-development stages.
To view the full announcement, including downloadable images, bios, and more, .
Key Takeaways:
- Second quarter revenue rose
82% y/y and18% sequentially, with net operating cash use improving to$0.9M from$5M in Q1, supported by robust liquidity of ~$75M . - First leases executed at new Denver, Dallas, and Phoenix campuses; pre-leasing underway at BDL and IAD with above-target rates; nine airports now in active operations
- Company pursuing a
$200M five-year tax-exempt bank construction facility to fund 5-6 new airport projects, targeting breakeven run-rate operating cash flow by year-end.
Click image above to view full announcement.
About Stonegate
Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking services for public and private companies.
Contacts:
Stonegate Capital Partners
(214) 987-4121
[email protected]
Source:
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FAQ
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