Sky Harbour Group Joins Russell 2000 Index

Sky Harbour Group Corporation (NYSE: SKYH, SKYH WS) has announced its inclusion in the prestigious Russell 2000® index, effective as of July 1st, 2024. Francisco X. Gonzalez, the company's Chief Financial Officer, expressed pleasure at this development, highlighting the potential for expanding the investor base and increasing the liquidity of the public float. The company has also received invitations to attend investor conferences and anticipates further engagement with investors in the coming months.

Sky Harbour Group Corporation, which focuses on developing the first nationwide network of home-basing campuses for business aircraft, aims to provide private and corporate customers with top-tier physical infrastructure in business aviation, along with dedicated service tailored to based aircraft, offering the shortest time to wheels-up in business aviation.

In terms of financial performance, the company is striving to achieve profitable growth while delivering increased debt service coverage to bondholders and accelerating value creation for stockholders.

This press release marks an important milestone for Sky Harbour Group Corporation as it continues to make strides in expanding its reach and enhancing its position within the market. Following these announcements, the company's shares moved -1.4%, and are now trading at a price of $9.05. If you want to know more, read the company's complete 8-K report here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.