Stonegate Capital Partners Updates Coverage on Sky Harbour Group Corporation (SKYH) Q2 2025
August 13, 2025 4:19 PM EDT | Source: Reportable, Inc.
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.
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Key Takeaways:
- Second quarter revenue rose 82% y/y and 18% 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.
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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
info@stonegateinc.com
Source: Stonegate, Inc.
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