Sky Harbour Group Corporation ( (SKYH) ) has released its Q2 earnings. Here is a breakdown of the information Sky Harbour Group Corporation presented to its investors.
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Sky Harbour Group Corporation is an aviation infrastructure development company that specializes in developing, leasing, and managing general aviation hangars for business aircraft across the United States. The company operates under an Up-C structure, with its main operating assets held by Sky Harbour LLC.
In its latest earnings report for the quarter ended June 30, 2025, Sky Harbour Group Corporation reported a significant increase in revenue, with total revenue reaching $6.6 million, compared to $3.6 million in the same period last year. The company also reported a net income of $14.4 million, a substantial improvement from the $4.2 million net income reported in the previous year.
Key financial highlights include a notable growth in rental and fuel revenues, which contributed to the overall revenue increase. Rental revenue rose to $5.2 million from $3.2 million, while fuel revenue increased to $1.4 million from $0.4 million. Despite the increase in revenues, the company reported an operating loss of $7.5 million, primarily due to higher campus operating expenses and ground lease expenses.
The company has been actively investing in the construction and development of new hangar facilities, which is reflected in the increase in constructed assets and cost of construction. The management remains optimistic about the future growth prospects, focusing on expanding its footprint and securing additional tenants for its facilities.
Looking ahead, Sky Harbour Group Corporation is poised to continue its growth trajectory by leveraging its strategic investments in aviation infrastructure. The management is confident in its ability to attract more tenants and generate sustainable rental income, which will support the company’s financial obligations and long-term objectives.