Sky Harbour Group (SKYH) reaffirms 2026 guidance and funds $40M equity for hangar growth

Q: How much new capital did Sky Harbour Group (SKYH) raise and at what price?

The company raised $40 million of equity at $10 per share . Management noted this represents a relatively small discount to the last 30-day VWAP of $10.49 and was executed with minimal transaction costs and no banker fees.

Q: How will Sky Harbour Group (SKYH) use the newly raised $40 million?

Management plans to pair the $40 million equity raise with additional tax-exempt debt to fund approximately 400,000 square feet of new hangar construction, which it describes as an accretive exercise for shareholders and supportive of network expansion.

Q: Did Sky Harbour Group (SKYH) change its 2026 guidance in this Q2 2026 update?

The company reaffirmed its 2026 end-of-year guidance . This indicates that, despite active construction, leasing and capital formation activities, management’s previously communicated expectations for 2026 remain in place at this time.

Q: Who are the new investors mentioned in Sky Harbour Group’s (SKYH) Q2 2026 update?

The company referenced the addition of two long-term strategic investors participating in the $40 million equity raise. While not named here, management characterized them as visionary partners expected to help advance Sky Harbour’s business aviation strategy.

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Sky Harbour Group Corporation reported unaudited financial results for the three and six months ended June 30, 2026 and reaffirmed its 2026 year-end guidance. The results are detailed in a Form 10-Q and an investor presentation made available to investors and analysts.

Management highlighted continued progress in leasing, construction, capital formation and airport operations, noting that per-square-foot revenue is exceeding forecasts and development costs are declining. The company welcomed two long-term strategic investors and raised $40 million of equity at $10 per share, a relatively small discount to its last 30-day VWAP of $10.49, alongside plans to pair this capital with additional tax-exempt debt to fund approximately 400,000 square feet of new hangar capacity, described as accretive for shareholders.

Positive

Reaffirmation of 2026 year-end guidance signals management’s confidence in the company’s outlook following its Q2 2026 results disclosure.
$40 million equity raise at $10 per share, only modestly below the 30-day VWAP of $10.49, is described as an efficient, low-fee capital formation with two long-term strategic investors.
Management plans to pair the new equity with tax-exempt debt to fund about 400,000 square feet of new hangar capacity, characterized as an accretive expansion for shareholders.

Negative

None.

Insights

Analyzing...

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Equity raised: $40 million Equity issue price: $10 per share 30-day VWAP: $10.49 +2 more

5 metrics

Equity raised $40 million Equity capital raised from two long-term strategic investors

Equity issue price $10 per share Price at which the $40 million equity was raised

30-day VWAP $10.49 Last 30-day volume-weighted average price referenced by CFO

New hangar capacity 400,000 square feet Approximate hangar area to be funded with equity plus tax-exempt debt

Reporting period Three and six months ended June 30, 2026 Period covered by the unaudited financial results

Key Terms

tax-exempt debt, annualized revenue run rate per leased rentable square foot, Home Base Operator, forward-looking statements, +1 more

5 terms

tax-exempt debt financial

"will be paired with additional tax-exempt debt to fund approximately 400,000"

annualized revenue run rate per leased rentable square foot financial

"We use a number of metrics, including annualized revenue run rate per leased rentable"

Home Base Operator technical

"building the first nationwide network of Home Base Operator (“HBO”) campuses for"

forward-looking statements regulatory

"Certain statements made in this release are "forward looking statements" within"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Private Securities Litigation Reform Act of 1995 regulatory

"within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995"

Earnings Snapshot

Guidance included

Three and six months ended June 30, 2026

Guidance

2026 end-of-year guidance reaffirmed

FAQ

What did Sky Harbour Group (SKYH) report in its latest Q2 2026 update?

Sky Harbour Group reported unaudited results for the three and six months ended June 30, 2026 and reaffirmed its 2026 year-end guidance. Detailed financials are provided in its Form 10-Q and an accompanying investor presentation filed concurrently.

How much new capital did Sky Harbour Group (SKYH) raise and at what price?

The company raised $40 million of equity at $10 per share. Management noted this represents a relatively small discount to the last 30-day VWAP of $10.49 and was executed with minimal transaction costs and no banker fees.

How will Sky Harbour Group (SKYH) use the newly raised $40 million?

Management plans to pair the $40 million equity raise with additional tax-exempt debt to fund approximately 400,000 square feet of new hangar construction, which it describes as an accretive exercise for shareholders and supportive of network expansion.

Did Sky Harbour Group (SKYH) change its 2026 guidance in this Q2 2026 update?

The company reaffirmed its 2026 end-of-year guidance. This indicates that, despite active construction, leasing and capital formation activities, management’s previously communicated expectations for 2026 remain in place at this time.

What operational trends did Sky Harbour Group (SKYH) highlight in the Q2 2026 communication?

Management stated that the site acquisition pipeline is at its most robust to date, per-square-foot revenue is exceeding forecasts, and development costs are trending lower, while operations continue to focus on safety, speed and security for business aviation customers.

Who are the new investors mentioned in Sky Harbour Group’s (SKYH) Q2 2026 update?

The company referenced the addition of two long-term strategic investors participating in the $40 million equity raise. While not named here, management characterized them as visionary partners expected to help advance Sky Harbour’s business aviation strategy.

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Understanding 8-K Material Events →

Available on EDGAR 08/12/2026 - 04:11 PM Accepted by SEC EDGAR 08/12/2026 - 04:09 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported) August 12, 2026

Sky Harbour Group Corporation

(Exact name of registrant as specified in its charter)

Delaware		001-39648		85-2732947
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

136 Tower Road, Suite 205 Westchester County Airport White Plains, NY		10604
(Address of principal executive offices)		(Zip Code)

(212) 554-5990

Registrant’s telephone number, including area code

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A common stock, par value $0.0001 per share	SKYH	The New York Stock Exchange
Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share	SKYH WS	The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On August 12, 2026, Sky Harbour Group Corporation (the “Company”) issued a press release (the “Press Release”) which announced its financial results for the three and six months ended June 30, 2026. A copy of the Press Release is furnished hereto as Exhibit 99.1 to this Current Report on Form 8-K and incorporated into this Item 2.02 by reference.

On August 12, 2026, the Company furnished information in the form of an investor presentation (the “Investor Presentation”) to its investors, analysts, shareholders, and other parties at a scheduled investor meeting. A copy of the Investor Presentation is furnished hereto as Exhibit 99.2 to this Current Report on Form 8-K and incorporated into this Item 2.02 by reference.

The furnishing of the Press Release and Investor Presentation is not an admission as to the materiality of any information therein. The information contained in the Press Release and Investor Presentation is summary information that is intended to be considered in the context of more complete information included in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”) and other public announcements that the Company has made and may make from time to time by press release or otherwise. The Company undertakes no duty or obligation to update or revise the information contained in this report, although it may do so from time to time as its management believes is appropriate. Any such updating may be made through the filing of other reports or documents with the SEC, through press releases or through other public disclosures.

The information contained in this Item 2.02, including Exhibits 99.1 and 99.2 hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) , or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”) . The information contained in this Item 2.02, in the Press Release, and in the Investor Presentation shall not be incorporated by reference in any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in any such filing.

Cautionary Statement Regarding Forward-Looking Statements

This Current Report on Form 8-K includes “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Certain of these forward-looking statements can be identified by the use of words such as “believes,” “expects,” “intends,” “plans,” “estimates,” “assumes,” “may,” “should,” “will,” “seeks,” or other similar expressions. These statements are based on current expectations on the date of this Form 8-K and involve a number of risks and uncertainties that may cause actual results to differ significantly. The Company does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise. Readers are cautioned not to put undue reliance on forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include the risks described in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and its other filings with the SEC.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits. The Exhibit Index set forth below is incorporated herein by reference.

EXHIBIT INDEX

Exhibit Number	Exhibit Title
99.1	Press Release dated August 12, 2026.
99.2	Investor Presentation dated August 12, 2026.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: August 12, 2026

	SKY HARBOUR GROUP CORPORATION

	By:	/s/ Tal Keinan
	Name:	Tal Keinan
	Title:	Chief Executive Officer

Exhibit 99.1

Sky Harbour Announces Q2 Results and Updates on Leasing, Construction, Funding and Other Activities

Reaffirms Guidance for Year End 2026

WEST HARRISON, N.Y.--(BUSINESS WIRE)--Sky Harbour Group Corporation (NYSE: SKYH, SKYH WS) (“SHG” or the “Company”), an aviation infrastructure company building the first nationwide network of Home Base Operator (“HBO”) campuses for business aircraft, announced the release of its unaudited financial results for the three and six months ended June 30, 2026 on Form 10-Q. The Company also announced the filing of its unaudited financial results for the three and six months ended June 30, 2026 for Sky Harbour Capital LLC (“Obligated Group”) with MSRB/EMMA. Please see the following links to access the filings:

SEC 10-Q:

https://www.sec.gov/Archives/edgar/data/1823587/000143774926027302/ysac20260630_10q.htm

MSRB/EMMA:

https://emma.msrb.org/P22077957-P21578942-P22039856.pdf

Financial Highlights on a Consolidated Basis for SHG include:

●

Constructed assets and construction in progress reached over $393 million at quarter-end, a year-to-date increase of $65 million.

●

Q2 2026 consolidated revenues increased approximately 50% as compared to Q2 2025 and 13% as compared to Q1 2026.

●

Q2 2026 net cash provided by operating activities was approximately $0.5 million, compared to net cash used of approximately $3.9 million in Q1 2026. This is the first quarter of recurrent positive operating cash flow in the Company’s history.

●

Quarter-end liquidity and capital resources are strong, with consolidated cash and US Treasuries totaling $206.9 million and access to an additional $130.2 million of capacity under the committed JP Morgan drawdown construction bank facility (“JPM Facility”).

●

These figures exclude $40 million in proceeds from a registered direct common stock issuance that settled earlier today.

●

Refer to our 10-Q for presentation of GAAP net income and adjusted EBITDA (Non-GAAP) results.

Financial Highlights at Sky Harbour Capital LLC (“Obligated Group”) include:

●

Q2 2026 Obligated Group revenues increased 79% as compared to Q2 2025 and 22% as compared to Q1 2026.

●

Q2 2026 net cash provided by operating activities was approximately $2.9 million in Q2 2026, compared to $2.2 million in Q2 2025.

●

Cash and US Treasuries at the Obligated Group totaled $26.2 million as of June 30^th, 2026. Separately, proceeds of the Series 2026 Bonds are available for the construction completion of Phase 2 at Dallas Addison Airport (“ADS”).

●

Debt service coverage tests, calculated as per the Series 2021 bond indenture for the period ending June 30th, 2026, and the next-twelve-months budget, are compliant with all applicable covenant ratios.

●

During the quarter, the Company contributed $20.0 million as equity to the Obligated Group to reimburse past cash advances from the Company to partially fund certain expenditures associated with the construction of Phase 2 at Miami–Opa Locka Executive Airport (“OPF”) . OPF Phase 2 opened for operations in May. In addition, the Company contributed $7.3 million to the Obligated Group from the Series 2026 Bonds for construction expenditures at Phase 2 at ADS. ADS Phase 2 is expected to be completed by year end. The latter will constitute the final project of the first vintage of campuses financed by the Series 2021 Bonds under the Obligated Group.

Update on Leasing Activities

●

Stabilized campuses: The Company continues to enjoy higher-than-forecast revenue per square foot at its stabilized campuses, with economic occupancy reaching as high as 132% at one campus. Revenue per square foot continues to grow as original hangar leases turn over, with an average revenue escalation of 19% upon re-lease for the trailing 12 months as of 8/1/2026 (excluding typical annual escalations of CPI with a floor of 4%).

●

OPF combined occupancy is now 80%, with high leasing velocity, and all leases in 2026 signed at Tier-1 rates. As of today, ADS Phase 1, Phoenix Deer Valley Airport (“DVT”) Phase 1 and Denver’s Centennial Airport (“APA”) have achieved 98%, 76% and 44% occupancy respectively.

●

San Jose Mineta Internation Airport (“SJC”) Phase 1 has reached 132% economic occupancy. SJC Phase 2, not yet constructed, has been 100% pre-leased.

Update on Construction and Development Activities

●

Obligated Group Construction

ADS Phase 2 is on schedule and expected to open by year-end. Please see the following link for the latest Obligated Group monthly construction report:

●

Portfolio 2 Construction

Bradley International Airport (“BDL”) in Hartford, CT is on schedule and expected to be completed by December 2026.

Salt Lake City International Airport (“SLC”) is on schedule and expected to be completed in Q1 2027.

Hudson Valley Regional Airport (“POU”), in Poughkeepsie, NY is on schedule and expected to be completed by Q3 2027.

Orlando Executive Airport (“ORL”) is on schedule and expected to be completed by Q3 2027.

BDL and SLC are part of our second vintage portfolio of airport projects (“Portfolio 2”), financed through the JPM Facility and the Series 2026 Bonds. Their construction progress can be monitored through a monthly construction report filed with MSRB/EMMA:

●

Portfolio 2 Development

Washington Dulles International Airport (“IAD”), Trenton-Mercer Airport (“TTN”) in New Jersey, and Chicago Executive Airport (“PWK”) are all scheduled to begin construction by Q4 2026.

Update on Airport Operations

●

As of Q2 2026, the Company is operating 1.04 million square feet of hangar and associated office and support space, with approximately 2 million square feet of aviation ramp and vehicle parking.

●

The campus-level OPEX-Efficiency Program is in implementation at pilot campuses across the country, with initial cost-savings already realized. The program will be implemented across all campuses in the coming quarters.

●

The Company launched its proprietary selection, training, and professional development program for line crew and Harbour Masters (campus leaders), including proprietary training equipment, an HBO Syllabus, and standard operating procedures. The HBO service model has become a major differentiator for Sky Harbour and the Company will continue to invest in enhancing its resident services.

Update on Capital Formation

●

Earlier today, the Company closed a $40 million common stock issuance at $10.00 per share through a registered direct placement with two new long-term investors; funds managed by Oasis Management Company and a prominent member of the California Bay Area tech community. The proceeds of this primary placement are expected to be paired with an expanded tax-exempt bank facility to fund additional hangar projects totaling approximately 400,000 rentable square feet.

●

As of June 30^th, 2026, the Company has drawn nearly $70 million from the JPM Facility for capital expenditures and reimbursement of prior advances related to projects at BDL, SLC and OPF Phase 2. As of today, there is an additional $130 million of committed undrawn capacity under the JPM Facility.

Reaffirmation of 2026 End of Year Guidance

●

We expect to achieve consolidated revenues of $42-46 million on an annualized run-rate basis by year end, up from an annualized run rate of $39.4 million in Q2 2026.

●

We expect to achieve consolidated Adjusted EBITDA of $4-6 million on an annualized run rate basis by year end.

CEO Tal Keinan commented: “The Sky Harbour HBO model is an increasingly established triple-win, aligning the interests of Airports, the Business Aviation Community, and Sky Harbour shareholders. This drives the Site Acquisition pipeline, which is at its most robust to date. The Sky Harbour Development team is meeting its construction-pace and quality targets, while continuing to lower development costs. Per-square-foot revenue is exceeding forecasts. And the Sky Harbour Operations team continues delivering the safest, fastest and most secure service offering in Business Aviation.

CFO Francisco Gonzalez commented: “We welcome two long-term strategic investors to the Sky Harbour shareholder family. The $40 million (raised with minimal transaction costs given existing shelf and without banker fees) will be paired with additional tax-exempt debt to fund approximately 400,000 new square feet of hangar, an accretive exercise for our shareholders. At $10 a share, it represents a relatively small discount to our last 30-day VWAP of $10.49, a very efficient execution.”

CEO Tal Keinan commented on the equity issuance: “Sky Harbour shareholders have been active partners, helping us to secure the top airport sites in the country and, increasingly, supporting our ambition to serve the top business aircraft operators in the country. We are honored to be joined today by two visionary leaders who will propel that part of our business forward.”

About Sky Harbour

Sky Harbour Group Corporation is an aviation infrastructure company developing the first nationwide network of Home-Basing campuses for business aircraft. The company develops, leases, and manages general aviation hangar campuses across the United States. Sky Harbour’s Home-Basing offering aims to provide private and corporate residents with the best physical infrastructure in business aviation, coupled with dedicated service, tailored specifically to based aircraft, offering the shortest time to wheels-up in business aviation. To learn more, visit www.skyharbour.group.

Forward Looking Statements

Certain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995, including statements about the financial condition, results of operations, earnings outlook and prospects of SHG, including statements regarding our expectations for future results, our expectations for future ground leases, our plans for future capital raising activity, the transactions contemplated by the letter of intent, our expectations on future construction and development activities and lease renewals, and our plans for future financings. When used in this press release, the words “plan,” “believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict,” “should,” “would” and other similar words and expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements are based on the current expectations of the management of Sky Harbour Group Corporation (the “Company”) as applicable and are inherently subject to uncertainties and changes in circumstances. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. For more information about risks facing the Company, see the Company’s annual report on Form 10-K for the year ended December 31, 2025 and other filings the Company makes with the SEC from time to time. The Company’s statements herein speak only as of the date hereof, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Key Performance Indicators

We use a number of metrics, including annualized revenue run rate per leased rentable square foot, to help us evaluate our business, measure our performance, identify trends affecting our business, formulate business plans, and make strategic decisions. Our key performance indicators may be calculated in a manner different than similar key performance indicators used by other issuers. These metrics are estimated operating metrics and not projections, nor actual financial results, and are not indicative of current or future performance.

Contacts

Sky Harbour Investor Relations: investors@skyharbour.group Attn: Francisco X. Gonzalez

Exhibit 99.2