Sky Harbour Group Corp

Sky Harbour Group Corp's indirect subsidiary, SH Capital II LLC, amended its Term Loan Facility to secure a $20 million borrowing. This funding is designated for the second phase of the construction project at Miami-Opa Locka Executive Airport (OPF Phase II Project). The amendment requires the Company to make cash contributions of not less than $20 million to other borrowers, which can be fulfilled using proceeds from the Series 2026 Bonds. The OPF Phase II Project was not added to the borrowing base of the Term Loan Facility.

Sky Harbour Group Corp held its 2026 Annual Meeting of Stockholders on June 18, 2026. Stockholders approved an amendment to the 2022 Incentive Award Plan, increasing the shares reserved for issuance by 1,500,000. Additionally, seven directors were elected, EisnerAmper LLP was ratified as the independent auditor, and executive compensation was approved on an advisory basis. Stockholders also selected a three-year frequency for future advisory votes on executive compensation, which the Board will adopt.

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.

Sky Harbour Group Corp. reported a significant increase in total revenue for Q1 2026, reaching $8.73 million, up 56% year-over-year, driven by higher rental and fuel revenues. Despite this growth, the company recorded a net loss attributable to shareholders of $(5.58) million, an improvement from $(6.38) million in Q1 2025. The company substantially increased its total assets by 28.9% to $764.47 million, largely funded by a 90.1% surge in bonds payable to $309.52 million and new loans, reflecting ongoing construction and development activities.

Sky Harbour Group Corp. (SKYH) announced its Annual Meeting of Stockholders will be held on June 18, 2026, in White Plains, New York. Stockholders will vote on the election of seven directors, the approval of an amendment to the 2022 Incentive Award Plan to increase shares reserved for issuance from 6,162,937 to 7,662,937, and the ratification of EisnerAmper LLP as the independent auditor. Additionally, there will be non-binding advisory votes on executive compensation and the frequency of future compensation votes.