Quarterly ResultMay 14, 2026, 04:18 PM
Sky Harbour Q1 Revenue +56%; Introduces 2026 Guidance
AI Summary
Sky Harbour Group Corp. announced its unaudited financial results for the first quarter ended March 31, 2026, reporting a 56% year-over-year increase in consolidated revenues and an 8.3% sequential increase. The company maintained strong liquidity with $187.6 million in consolidated cash and US Treasuries and access to $180.6 million from its JPM construction facility. Operational highlights include the opening of Miami-Opa Locka Executive Airport Phase 2 with 68% occupancy and progress on multiple construction projects. Sky Harbour also introduced year-end 2026 guidance, expecting consolidated revenues of $42-46 million and Adjusted EBITDA of $4-6 million on an annualized run rate basis.
Key Highlights
- Q1 2026 consolidated revenues increased 56% year-over-year and 8.3% sequentially.
- Constructed assets and construction in progress reached over $350 million, an increase of $75 million year-over-year.
- Consolidated cash and US Treasuries totaled $187.6 million at quarter-end.
- Obligated Group Q1 2026 revenues increased 76.2% year-over-year and 15.1% sequentially.
- Obligated Group net cash provided by operating activities reached $2.9 million in Q1 2026.
- Miami–Opa Locka Executive Airport Phase 2 opened May 11 with 68% occupancy as of May 13th.
- Expects year-end 2026 consolidated revenues of $42-46 million on an annualized run rate basis.
- Expects year-end 2026 consolidated Adjusted EBITDA of $4-6 million on an annualized run rate basis.