Sky Harbour Group Reports Significant Growth in Aviation Infrastructure and Operational Capacity

Sky Harbour Group Corporation (NYSE: SKYH) has demonstrated remarkable growth in the first quarter of 2025, with total revenue skyrocketing by 133% to $5.6 million compared to the same period in 2024. This impressive financial performance is attributed to the commencement of new leases and the acquisition of strategic facilities, underscoring the company's aggressive expansion in the aviation infrastructure sector.

The company's operational milestones include the initiation of operations at its Phoenix Deer Valley campus and preparations for upcoming openings in Dallas Addison and Denver Centennial. A significant addition to Sky Harbour's national footprint is the key facility at Seattle's Boeing Field, which offers approximately 90,000 square feet of rentable space, further solidifying the company's presence in the aviation industry.

With a portfolio that now boasts eight operational campuses, one under construction, and ten in pre-development stages, Sky Harbour is well-positioned for sustained growth. The company's rental revenue climbed to $4.5 million, complemented by $1.1 million in fuel revenue. Long-term leases executed at strategic locations such as Boeing Field, Hillsboro, and Stewart International highlight the company's forward-looking growth strategy.

Financial indicators reveal sequential improvements, with gross margins increasing to 1.3% in the first quarter. Sky Harbour's management is optimistic about achieving consolidated run-rate breakeven cash flow and adjusted EBITDA by the end of 2025. The company's strong financial position is evidenced by total assets of $553.7 million and robust liquidity with $83.7 million in consolidated cash and restricted cash.

Stonegate Capital Partners' valuation of Sky Harbour between $14.40 and $22.46 per share, with a midpoint of $17.72, reflects confidence in the company's strategic direction and financial health. This valuation takes into account various factors, including discount rates and the company's assumable debt with an estimated blended interest rate of 4.25%.

As Sky Harbour continues to expand its aviation infrastructure network, the company is strategically positioned to leverage the burgeoning opportunities in the aerospace and private aviation sectors. This growth not only signifies a milestone for Sky Harbour but also contributes to the broader economic impact in Texas and beyond, highlighting the importance of aviation infrastructure in driving regional and national economic development.