Sky Harbour Group(NYSE) SKYH

Sky Harbour Group Corporation builds and manages private plane hangars at major airports. It helps jet owners find long-term storage space for modern, oversized business aircraft. These facilities offer private spaces and fuel services for travelers who fly for business.

Parking Spots for Private Jets

• Home Base Operator (HBO) Campuses: Dedicated private and semi-private hangars designed for long-term storage of business jets.
• Aviation Services: Ground-based support including plane towing and fueling at specific airport locations.
• Professional Amenities: Integrated office space and passenger lounges for flight crews and owners.

Growing the Hangar Footprint

• Completed Phase II construction at the Miami-Opa Locka Executive Airport in May 2026.
• Entered a securities purchase agreement on Aug. 10, 2026, to sell 4 million shares of stock for $40 million.
• Secured new long-term ground leases at Long Beach Airport and Fort Worth Meacham International Airport in late 2025.
• Launched a $200 million credit facility in Sept. 2025 to fund additional construction projects.

Why the Design Matters

Sky Harbour uses standardized hangar designs to control construction costs. This approach targets newer jets with tall tails that cannot fit into older, shared hangar facilities.

Measuring the Results

• Rental revenue reached $13.5 million for the six-month period ended June 30, 2026, an increase of 39% year over year.
• Fuel revenue rose to $5.1 million for the six-month period ended June 30, 2026, representing a 104% increase year over year.
• Net loss was $13.3 million for the six-month period ended June 30, 2026. Net income was $5.2 million for the same period in 2025.
• Non-GAAP Adjusted EBITDA was a loss of $2.4 million for the six-month period ended June 30, 2026.
• Total cash and investments grew to $206.9 million as of June 30, 2026, from $48.5 million on Dec. 31, 2025.

Bottom Line

Sky Harbour is transitioning from a development firm into an active operator of specialized aviation infrastructure across the United States. Its focus on modern aircraft requirements addresses a long-term shortage of private jet storage space.