Sky Harbour Reports Q3 2026 Revenue Growth Amid Revised EBITDA Guidance
Sky Harbour (SKYH) reported a strong third quarter for 2026, with consolidated revenue increasing 45% year-over-year and 7% sequentially. This growth was driven by new campus openings, higher occupancy rates, and increased rental rates at existing sites. The company also saw an 87% year-over-year increase in obligated group revenue as its subsidiary portfolio approaches stabilization. Despite the top-line strength, management revised its full-year Adjusted EBITDA guidance downward to a range of breakeven to $4 million, down from previous estimates of $4 million to $6 million. This revision is attributed to the timing of the Bradley campus opening and revenue delays regarding the Addison Phase 2 project. However, liquidity remains robust with approximately $199.4 million in cash and U.S. Treasuries.
Tickers: $SKYH
Topics: assets under construction cash flow EBITDA guidance revision revenue growth