Welcome to our dedicated page for Sky Harbour Group news (Ticker: SKYH), a resource for investors and traders seeking the latest updates and insights on Sky Harbour Group stock.
Sky Harbour Group Corporation (SKYH) operates at the intersection of aviation infrastructure and specialized facility management, focusing on business aviation hangar solutions. This news hub provides investors and industry stakeholders with centralized access to official announcements, strategic developments, and operational updates.
Our curated collection features verified press releases covering facility expansions, leasing agreements, and market positioning strategies. Users will find updates on the company's proprietary approach to addressing hangar capacity imbalances at key U.S. airfields, along with service enhancements for business aircraft operators.
Key content categories include financial disclosures, partnership announcements, and infrastructure project milestones. The repository serves as an essential resource for tracking SKYH's progress in developing integrated aviation campuses that combine physical infrastructure with operational support services.
Bookmark this page for streamlined access to primary source materials about SKYH's unique business model. Regular updates ensure you maintain current awareness of the company's initiatives in the specialized aviation real estate sector.
Sky Harbour Group (NYSE American: SKYH) announced a new lease agreement with the Port Authority of New York and New Jersey for developing a Sky Harbour campus at Stewart International Airport (SWF). The campus will house top corporate and privately-owned business jets in advanced hangars, providing exclusive line-services and minimizing time to departure. This project aims to create and sustain hundreds of jobs, boosting economic benefits for New York State, Orange County, and Stewart International Airport. The SWF campus will be the third Sky Harbour facility in the New York metropolitan area, joining others in Houston, Nashville, Miami, and San Jose. Additional campuses are currently in development or planned. Sky Harbour's CEO, Tal Keinan, highlighted the company's commitment to delivering long-term benefits to local communities, and this project marks the first partnership with MJJ Builders, Passero Associates, Jonah Mandelbaum, and the Red Tail Flight Academy.
Sky Harbour Group (NYSE: SKYH) reported record revenues for Q1 2024, achieving a 117% increase compared to Q1 2023. The company reached cash flow break-even at Sky Harbour Capital and plans to expedite construction activities. SG&A expenses rose by 38%, while net cash used in operations decreased slightly from $4.5 million to $4.4 million. Sky Harbour maintains strong liquidity with $160 million in cash and investments. All operating campuses are fully leased, and the new San Jose Mineta campus is 58% leased. Phases 1 in Denver, Phoenix, and Dallas resumed construction. The company aims to secure ground leases at four more airports by the end of 2024 and six more by the end of 2025.
Sky Harbour Group (NYSE American: SKYH, SKYH WS) announced the release of its First Quarter 2024 financial results on May 14, 2024, and will host an investor webcast to discuss the results and provide a business update. The webcast will include a Q&A session with Sky Harbour leadership and will be open to the public.
Boston Omaha announced the departure of Co-CEO Alex Rozek to pursue new entrepreneurial opportunities, leaving Adam Peterson as the sole CEO. The company has evolved into a diversified holding company with interests in outdoor advertising, surety insurance, fiber to the home, and minority interests in other corporations. Boston Omaha plans to focus on growing existing business lines before considering new opportunities, aiming to increase value per share for shareholders.
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