Stonegate Capital Partners Updates Coverage on Sky Harbour Group Corporation (SKYH) Q4 2024

Rhea-AI Summary

Sky Harbour Group Corp. (NYSE: SKYH) demonstrated strong performance in FY24, achieving significant growth despite challenging economic conditions. The company reported consolidated revenues of $14.8M, marking a substantial 95% year-over-year increase from FY23.

Key operational highlights include the introduction of the SH-37 hangar product, a proprietary large-hangar model designed for modern business jets. The company's infrastructure portfolio expanded significantly, with total leasable space reaching approximately 580,000 square feet, while maintaining solid occupancy rates across operational campuses. Additionally, SKYH has over 2.1 million square feet currently under construction or development.

Positive

• 95% year-over-year revenue growth to $14.8M in FY24
• Expansion of leasable space to 580,000 sq ft
• 2.1 million sq ft under construction or development
• Launch of new SH-37 proprietary large-hangar product
• Maintained solid occupancy rates across operational campuses

Negative

• Operating in challenging economic conditions with high inflation and interest rates

Dallas, Texas--(Newsfile Corp. - March 31, 2025) - Sky Harbour Group Corp. (NYSE: SKYH): Stonegate Capital Partners updates their coverage on Sky Harbour Group Corp. (NYSE: SKYH). Sky Harbour demonstrated robust growth and resilience throughout FY24, successfully navigating economic conditions such as inflation and elevated interest rates while significantly expanding its aviation infrastructure portfolio. Key milestones include the completion of major construction initiatives, the acquisition of existing facilities, maintaining solid occupancy rates across its operational campuses, and announcing the SH-37 hangar product--a proprietary large-hangar model catering to modern business jets--strengthening its competitive position in premium aviation infrastructure.

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

• SKYH delivered consolidated revenues of $14.8M, a 95% year-over-year increase from FY23.
• Announced the SH-37 hangar product--a proprietary large-hangar model.
• Total leasable space reached ~580,000 sq ft, with over 2.1 million sq ft currently under construction or development.

Click image above to view full announcement.

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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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246717

FAQ

What was Sky Harbour Group's (SKYH) revenue growth in FY24?

SKYH reported consolidated revenues of $14.8M in FY24, representing a 95% increase compared to FY23.

How much leasable space does Sky Harbour Group (SKYH) currently have?

SKYH has approximately 580,000 square feet of total leasable space, with an additional 2.1 million square feet under construction or development.

What is the SH-37 hangar product announced by Sky Harbour Group (SKYH)?

The SH-37 is SKYH's new proprietary large-hangar model designed specifically for modern business jets.

How did Sky Harbour Group (SKYH) perform amid economic challenges in FY24?

SKYH demonstrated robust growth and resilience, successfully navigating inflation and elevated interest rates while expanding its aviation infrastructure portfolio.