SKYH Stock Forecast & Price Target

The positive outlook for Sky Harbour Group is driven by the anticipated improvement in demand for newly constructed, well-amenitized hangars, as evidenced by limited availability in the market. The company is poised for significant revenue growth over the next three years, with the stabilization of recent developments expected to enhance cash flow and improve leasing spreads. Additionally, a substantial increase in EBITDA of 471% year-over-year to $20 million underscores the potential for improved margins and operational efficiency as Sky Harbour expands its footprint and capitalizes on the growing demand for larger business jets.

Sky Harbour Group has reported an adjusted EBITDA of ($2.3M) for 3Q25, which is $0.7M below estimates and indicative of the company's ongoing financial challenges. The increased cash G&A expenses and variability in financial results highlight the difficulties the company faces in generating consistent returns for investors. Furthermore, exposure to rising construction costs and inflationary pressures, coupled with a significant lag in hangar construction relative to growing demand, raises concerns regarding the sustainability of Sky Harbour's operational model and overall profitability.