Sky Harbour Group Corporation ( (SKYH) ) has released its Q3 earnings. Here is a breakdown of the information Sky Harbour Group Corporation presented to its investors.
Sky Harbour Group Corporation is an aviation infrastructure company focused on developing a nationwide network of home-basing campuses for business aircraft across the United States. In its latest earnings report, Sky Harbour announced record third-quarter results, highlighting significant revenue growth and strong financial positioning as the company continues its expansion. Key financial metrics showed a 64% increase in consolidated revenues compared to the previous year and a 23% increase at Sky Harbour Capital. The company maintains robust liquidity with cash and US Treasuries totaling $110 million, excluding additional funds from recent equity placements. Sky Harbour is progressing with its development plans, with new campuses set to open in early 2025 and more locations anticipated. Looking ahead, the company remains focused on achieving positive operating cash flow by late 2025 and expanding its network with additional ground leases and infrastructure projects.
