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Stock impact report

Sky Harbour Group Corp (SKYH) Q3 2024 Earnings Call Highlights: Strong Revenue Growth Amid ... [Yahoo! Finance]

Sky Harbour Group Corporation (SKYH) 
Company Research Source: Yahoo! Finance
Sky Harbour Group Corp ( SKYH ) reported an increase in revenues due to the optimization of existing campuses and the San Jose campus beginning operations. The company expects to achieve 100% occupancy and higher rental rates on renewals, contributing to revenue growth. Sky Harbour Group Corp ( SKYH ) plans to expand to 23 airports by the end of 2025, indicating strong growth potential. The company has successfully exceeded its Sky Harbour equivalent rent on all campuses, suggesting strong demand and pricing power. Sky Harbour Group Corp ( SKYH ) has a significant cash reserve and plans to raise additional funds to support future growth projects. Operating expenses increased due to high ground lease payments and noncash expenses related to ground leases. The company is experiencing significant noncash expenses from changes in the fair value of outstanding warrants. Sky Harbour Group Corp ( SKYH ) faces challenges with construction cost inflation, impacting project budge Show less Read more
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