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Sky Harbour Group Corporation - SKYH STOCK NEWS

Welcome to our dedicated news page for Sky Harbour Group Corporation (Ticker: SKYH), a resource for investors and traders seeking the latest updates and insights on Sky Harbour Group Corporation.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Sky Harbour Group Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Sky Harbour Group Corporation's position in the market.

News
Sky Harbour Group Corporation Announces its 2023 Financial Results; Updates on New Ground Leases, Construction and Hangar Leasing; Injects Equity into Obligated Group and Files Various Registration Statements with SEC
Rhea-AI Summary
Sky Harbour Group (SKYH) announces financial results for 2023, new ground leases, and remediation estimates. The company reported a 311% increase in revenues, with SG&A expenses up by 2.8%. Cash used in operating activities improved to $7.7 million. The company maintains strong liquidity with approximately $172 million in cash and investments. Noteworthy events include ground leases at San Jose and Orlando airports, construction delays in Denver, Phoenix, and Dallas, and high occupancy rates at Houston, Nashville, and Miami campuses.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.62%
Tags
earnings
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News
Sky Harbour to Report 2023 Full Year Results and Host Webcast Investor Call Tomorrow, March 27, 2024
Rhea-AI Summary
Sky Harbour Group (SKYH) announces the release of its year-end 2023 financial results on Form 10-K and an investor webcast to review the financial results and provide a business update.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.47%
Tags
conferences
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News
Sky Harbour Announces Incoming Chief Operating Officer, New Manufacturing Leadership, and an Update on Construction Budget at Dallas-Addison Airport
Rhea-AI Summary
The Sky Harbour Group Corporation (NYSE: SKYH, SKYH WS) announced the appointment of Will Whitesell as Chief Operating Officer and Loren Benedict as chief of operations at subsidiary RapidBuilt. The company also provided an update to its estimated budget for its Dallas-Addison home basing campus project.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.92%
Tags
none
News
Sky Harbour Announces Two New Developments Aimed at Serving the New York and Connecticut Business Aviation Markets and Provides an Update on Construction Activities
Rhea-AI Summary
Sky Harbour Group Corporation (NYSE: SKYH, SKYH WS) Announces New Ground Leases and Updates on Construction Activities at Bradley International Airport and Hudson Valley Regional Airport
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.78%
Tags
none
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News
Sky Harbour Group Announces the Second Closing of its Private Equity Placement with an Altai Capital Investment Vehicle for an Additional Aggregate Consideration of $15,000,000
Rhea-AI Summary
Sky Harbour Group Corporation (SKYH) successfully completed a private equity placement, raising $57,810,000. The investment will enable the company to build out twelve total airfields totaling over 2.4 million square feet of rentable hangar space. The purchase price was equivalent to approximately $6.50 per share of Class A Common Stock and associated warrant coverage. The company's unique model among sophisticated aircraft operators has been recognized, and the completion of this equity financing is expected to give Sky Harbour access to over $200 million of additional debt capital.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.7%
Tags
none
-
News
Sky Harbour Group Corporation Announces its Q3 2023 Financial Results and Updates on Leasing, Construction and New Ground Lease Activities
Rhea-AI Summary
Sky Harbour Group Corporation (SKYH) announces a 481% increase in Q3 2023 revenues compared to Q3 2022, with SG&A expenses decreasing 1%. Net cash used in operating activities improved to $6.2 million from $25.3 million in the nine months ended September 30, 2022. The company maintains strong liquidity with approximately $130 million in cash, restricted cash, and US Treasury investments as of September 30, 2023. Facilities in Houston, Nashville, and Miami are 94%, 86%, and 63% leased, with full occupancy projected by the end of Q4 2023. Construction of new campuses and ground leases at key metro markets are also in progress.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.68%
Tags
earnings
News
Sky Harbour Group Announces an Agreement and Closing of a Sale of 6,586,154 Shares of Class A Common Stock and 1,141,600 Warrants in a Private Equity Placement with Altai Capital Investment Vehicles for Aggregate Consideration of $42,810,000
Rhea-AI Summary
Sky Harbour Group Corporation (NYSE American: SKYH, SKYH WS) has entered into a Securities Purchase Agreement with investment vehicles managed by Altai Capital for a private placement of 6,586,154 shares of Class A Common Stock and warrants to purchase up to 1,141,600 shares of Class Common Stock. The aggregate purchase price for the private placement is $42,810,000. Altai Capital Falcon LP, the lead investor, has the right to purchase an additional $15 million in shares and warrants on similar terms for a period of 30 days. The closing of the financing occurred in New York, NY.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.89%
Tags
none
-
News
Chicago Executive Airport Announces Sky Harbour Hangar Campus Development
Rhea-AI Summary
Chicago Executive Airport and Sky Harbour Group announce agreement for development of Sky Harbour Home Base campus
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.07%
Tags
none
-
News
Sky Harbour Group Corporation Announces Amendment to its 2023 Q2 Cash Flow Statement in Form 10-Q/A
Rhea-AI Summary
Sky Harbour Group Corporation announces filing of amendment to Form 10-Q for the period ended June 30, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.21%
Tags
none
News
Sky Harbour Group Corporation Announces its 2023 Q2 Financial Results and Updates on Leasing, Construction and New Ground Lease Activities
Rhea-AI Summary
Sky Harbour Group Corporation (NYSE American: SKYH, SKYH WS) announced its 2023 2nd quarter Financial Results in Form 10-Q. Q2 2023 revenues increased by 322% as compared to Q2 2022 and 56% compared to Q1 2023. SG&A expenses decreased by 5% compared to Q2 2022. Net cash flow used in operating activities during the six months ended June 30, 2023, improved to $9.1 million from $24.3 million during the six months ended June 30, 2022. The company maintains strong liquidity and capital resources, with cash, restricted cash, and US Treasury investments amounting to approximately $150 million as of June 30, 2023. The acquisition of pre-engineered metal building (PEMB) manufacturing company, RapidBuilt, was completed. Exclusive negotiations are underway for new ground leases at six target airports, with the company projecting full occupancy of new campuses by Q4 2023. The company's new project pipeline continues to expand, now including dozens of airports. Sky Harbour is recognized as the best Home Basing offering in business aviation, with plans for continued growth and improvement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.36%
Tags
earnings
Stock SKYH logo
Sky Harbour Group Corporation

NYSE:SKYH

SKYH Rankings

#3686 Ranked by Market Cap
#291 Ranked by Stock Gains
N/A Ranked by Dividends

SKYH Stock Data

724.66M
2.23M
20.23%
38.68%
0.96%
Scheduled Passenger Air Transportation
Transportation and Warehousing
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United States
White Plains