Sky Harbour Group Corp (NYSE:SKYH)

Q1 2026 Sky Harbour Group Corp Earnings Call Transcript

May 14, 2026 / 09:00 PM GMT

Release Date Price: $9.46 (+0.32%)

Transcript 8-K10-Q

Key Points

Positve

Sky Harbour Group Corp (SKYH) reported a 56% year-over-year increase in revenues, driven by new campus openings and higher occupancy and rental rates.
The company has achieved a significant increase in assets under construction, reaching over $352 million, indicating accelerated investment and growth.
Sky Harbour Group Corp (SKYH) has a strong liquidity position with $368 million in available resources, allowing for expansion without the need for additional capital.
The company is experiencing a 23% average escalation in lease renewals, reflecting strong demand and pricing power.
Sky Harbour Group Corp (SKYH) is implementing a successful pre-leasing strategy, achieving 68% occupancy at Miami Phase II upon opening.

Negative

Operating expenses have increased due to new campus openings and higher headcount, impacting profitability.
Cash flow used in operations has risen, partly due to seasonality and non-recurrent benefits in the previous quarter.
Denver APA Phase 1 is lagging in lease-up, with only 44% occupancy, indicating potential challenges in certain markets.
The company has allowed a lease at Boeing Field in Seattle to lapse due to unsatisfactory long-term lease terms, indicating potential setbacks in site acquisition.
Marketing expenses have increased, reflecting the need for more resources to support leasing efforts.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SKYH.N - Sky Harbour Group Corp
Q1 2026 Sky Harbour Group Corp Earnings Call
May 14, 2026 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by. My name is Kate, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Sky Harbor 2026 First Quarter Earnings Call and Webinar.

All lines have been placed on you to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. In order to ask a question, you can send via webcast in the Q&A box.

Thank you. I would now like to turn the call over to Francisco Gonzalez, CFO. Please go ahead.

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Unidentified_2 [2]
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Thank you

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