Sky Harbour Group Expands Aviation Infrastructure Portfolio, Reports Strong Q1 Revenue Growth
TL;DR
Sky Harbour Group Corp. (NYSE: SKYH) demonstrated strong momentum in 1Q25, expanding aviation infrastructure and operational capacity, positioning for significant long-term growth.
Sky Harbour Group Corp. (NYSE: SKYH) reported increased revenue in 1Q25, driven by new leases and upcoming constructions, with expected acceleration in occupancy.
Sky Harbour Group Corp. (NYSE: SKYH) aims to make the world better by expanding facilities, creating jobs, and contributing to economic growth in the aviation industry.
Sky Harbour Group Corp. (NYSE: SKYH) added a key facility at Seattle's Boeing Field with 90,000 sq ft of rentable space, showing continued growth and development.
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Sky Harbour Group Corporation (NYSE: SKYH) reported robust first-quarter financial results, highlighting substantial momentum in its aviation infrastructure development strategy. The company experienced a 133% revenue increase compared to the same period in 2024, generating total revenue of $5.6 million driven by new campus leases and facility acquisitions.
The company's strategic expansion includes operational campuses at Phoenix Deer Valley, with imminent openings planned for Dallas Addison and Denver Centennial in the second quarter. A significant addition includes a 90,000-square-foot facility at Seattle's Boeing Field, further strengthening its national infrastructure footprint.
As of the first quarter, Sky Harbour's portfolio encompasses eight operational campuses, one under construction, and ten in pre-development stages. The company currently manages approximately 580,000 square feet of leasable space, with over 2.1 million square feet in development representing potential annualized revenue of $37.6 million upon stabilization.
Despite reporting an operating loss of $6.8 million, management remains optimistic about future performance. The company expects to achieve consolidated run-rate breakeven cash flow and adjusted EBITDA by year-end, supported by new campus contributions and a strong liquidity position of $83.7 million in consolidated cash and restricted cash.
Stonegate Capital Partners' valuation analysis suggests a potential stock value range between $14.40 and $22.46, with a midpoint of $17.72, indicating potential growth opportunities for investors tracking the aviation infrastructure sector.
Curated from Reportable
