Sky Harbour Group (NYSE:SKYH) Announces Quarterly Earnings Results

Sky Harbour Group (NYSE:SKYH) released its quarterly earnings results on Thursday. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.03), FiscalAI reports. The company had revenue of $8.73 million during the quarter, compared to analyst estimates of $9.96 million. Sky Harbour Group had a return on equity of 6.80% and a net margin of 63.95%.

Here are the key takeaways from Sky Harbour Group’s conference call:

• Sky Harbour said Q1 revenue rose 56% year over year and the company ended the quarter with $352 million in assets under construction and completed construction, up $75 million from a year ago.
• Management highlighted that the company now has a $368 million liquidity buffer, including $187 million in cash and U.S. Treasuries, and says it is fully funded to double in size without additional capital.
• The company introduced 2026 guidance for an annualized revenue run rate of $42 million to $46 million and adjusted EBITDA of $4 million to $6 million, driven by Opa-locka Phase 2 and higher occupancy at Denver and Phoenix.
• Management said the leasing model is showing strong pricing power, with 23% average re-lease increases over the last 12 months and economic occupancy at or above 100% on nearly all campuses.
• The company is leaning heavily into same-field expansions and tier 1 airports, with Stewart, Bradley, Addison Phase 2 and other projects under construction or in pre-construction, while warning that the biggest financial impact will likely show up in 2027 and 2028.

Sky Harbour Group Trading Down 8.6%

Shares of NYSE SKYH traded down $0.81 on Friday, reaching $8.65. 669,009 shares of the company traded hands, compared to its average volume of 117,043. The stock has a market capitalization of $658.78 million, a PE ratio of 216.25 and a beta of 1.39. Sky Harbour Group has a fifty-two week low of $8.22 and a fifty-two week high of $12.20. The company has a 50 day moving average of $9.91 and a 200 day moving average of $9.46.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SKYH. Weiss Ratings started coverage on shares of Sky Harbour Group in a research note on Monday, March 23rd. They issued a “sell (d+)” rating for the company. BTIG Research reaffirmed a “buy” rating and set a $13.00 price target on shares of Sky Harbour Group in a research note on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $13.50.

Insider Activity

In related news, major shareholder Omaha Corp Boston sold 331,500 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $9.05, for a total value of $3,000,075.00. Following the completion of the sale, the insider directly owned 8,666,163 shares in the company, valued at approximately $78,428,775.15. The trade was a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 40.77% of the company’s stock.

Hedge Funds Weigh In On Sky Harbour Group

A number of hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets grew its stake in shares of Sky Harbour Group by 145.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,012 shares of the company’s stock valued at $49,000 after buying an additional 2,971 shares during the period. Quadrant Capital Group LLC acquired a new position in shares of Sky Harbour Group in the 3rd quarter valued at about $99,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Sky Harbour Group by 68.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,639 shares of the company’s stock worth $114,000 after purchasing an additional 4,721 shares during the period. Deutsche Bank AG grew its stake in Sky Harbour Group by 9.9% during the fourth quarter. Deutsche Bank AG now owns 15,007 shares of the company’s stock worth $135,000 after buying an additional 1,357 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in Sky Harbour Group by 28.6% in the 3rd quarter. Alliancebernstein L.P. now owns 17,080 shares of the company’s stock valued at $169,000 after purchasing an additional 3,800 shares in the last quarter. Institutional investors and hedge funds own 14.75% of the company’s stock.

Key Stories Impacting Sky Harbour Group

Here are the key news stories impacting Sky Harbour Group this week:

• Positive Sentiment: Sky Harbour outlined 2026 revenue run-rate guidance of $42 million to $46 million and an adjusted EBITDA run-rate of $4 million to $6 million, signaling management expects meaningful scale-up ahead. Article Title
• Neutral Sentiment: In its Q1 2026 earnings call and release, the company said it is seeing strong revenue growth and provided updates on leasing, construction, and financing activities, which supports the long-term buildout story. Article Title
• Neutral Sentiment: Management’s earnings-call highlights emphasized growth momentum, but investors are waiting for evidence that revenue gains will translate into sustained profitability. Article Title
• Negative Sentiment: Q1 2026 earnings missed revenue estimates, with revenue of $8.73 million versus expectations of $9.78 million, while adjusted EPS came in at a loss of $0.16, contributing to the stock’s decline. Article Title
• Negative Sentiment: Market reaction was also pressured by the revenue shortfall and the fact that the quarterly loss was still wider than last year’s, despite being somewhat better than Wall Street’s loss estimate. Article Title

About Sky Harbour Group

Sky Harbour Group Inc is a U.S.-based real estate development and operating company focused on private aviation infrastructure. The company specializes in the acquisition, design and management of fixed-base operations (FBOs), aircraft hangarage and private terminals that serve business and general aviation operators. By providing expedited ground handling, concierge services and state-of-the-art facilities, Sky Harbour seeks to streamline the operations of private jet owners, fractional-ownership programs and charter operators while reducing congestion at major airports.

Through strategic leases and joint-venture partnerships, Sky Harbour has established a growing presence at key regional and metropolitan airports across the United States.