Sky Harbour: Rewarding New Investors At Old Investors' Expense

Sky Harbour Group Corporation reported improved Q2 '26 profitability metrics, yet remains unprofitable on a GAAP basis. SKYH's unique airport hangar leasing model shows operational scale, with campus profit more than doubling year-over-year and occupancy at 83.7%. Profitability at the campus level excludes depreciation and interest, masking true long-term returns; including these, adjusted profit is near breakeven.