Sky Harbour (SKYH) 10-Q9 Nov 232023 Q3 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
Document And Entity Information - shares	Sep. 30, 2023	Nov. 03, 2023
Document Information [Line Items]
Entity Central Index Key	0001823587
Entity Registrant Name	Sky Harbour Group Corporation
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Document Transition Report	false
Entity File Number	001-39648
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	85-2732947
Entity Address, Address Line One	136 Tower Road, Suite 205
Entity Address, City or Town	White Plains
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10604
City Area Code	212
Local Phone Number	554-5990
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		42,046,356
Common Class A [Member]
Document Information [Line Items]
Title of 12(b) Security	Class A common stock, par value $0.0001 per share
Trading Symbol	SKYH
Security Exchange Name	NYSEAMER
Entity Common Stock, Shares Outstanding		21,848,410
Warrant [Member]
Document Information [Line Items]
Title of 12(b) Security	Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share
Trading Symbol	SKYH WS
Security Exchange Name	NYSEAMER

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Assets
Cash	$ 2,471	$ 2,174
Restricted cash	34,289	39,222
Investments	16,832	24,895
Restricted investments	80,183	114,648
Prepaid expenses and other assets	3,835	4,448
Right-of-use assets	56,829	56,716
Total assets	332,777	331,204
Liabilities and equity
Accounts payable, accrued expenses and other liabilities	13,903	14,184
Operating lease liabilities	55,027	53,531
Loans payable and finance lease liabilities	10,561	0
Bonds payable, net of debt issuance costs and premiums	162,368	162,210
Warrants liability	2,904	2,904
Total liabilities	244,763	232,829
Commitments and contingencies (Note 14)
Stockholders’ equity
Preferred stock; $0.0001 par value; 10,000,000 shares authorized as of September 30, 2023; none issued and outstanding	0	0
Additional paid-in capital	31,139	29,560
Accumulated deficit	(8,791)	(3,184)
Accumulated other comprehensive income (loss)	298	(102)
Total Sky Harbour Group Corporation stockholders’ equity	22,651	26,279
Non-controlling interests	65,363	72,096
Total equity	88,014	98,375
Total liabilities and equity	332,777	331,204
Common Class A [Member]
Stockholders’ equity
Common stock	1	1
Common Class B [Member]
Stockholders’ equity
Common stock	4	4
Construction in Progress [Member]
Assets
Property, Plant and Equipment, Net	48,153	48,242
Asset under Construction [Member]
Assets
Property, Plant and Equipment, Net	78,110	39,709
Equipment and Software [Member]
Assets
Property, Plant and Equipment, Net	$ 12,075	$ 1,150

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Sep. 30, 2023	Dec. 31, 2022
Preferred stock, par value (in dollars per share)	$ 0.0001
Preferred stock, shares authorized (in shares)	10,000,000
Preferred stock, shares issued (in shares)	0
Preferred stock, shares outstanding (in shares)	0
Common Class A [Member]
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	15,252,574	14,962,831
Common stock, shares outstanding (in shares)	15,252,574	14,962,831
Common Class B [Member]
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	42,046,356	42,192,250
Common stock, shares outstanding (in shares)	42,046,356	42,192,250

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenue:
Rental revenue	$ 2,502	$ 431	$ 5,337	$ 1,236
Total revenue	2,502	431	5,337	1,236
Expenses:
Operating	1,675	1,228	5,179	3,652
Depreciation	670	148	1,650	447
Loss on impairment of long-lived assets	0	0	0	248
General and administrative	3,556	3,599	10,838	12,136
Total expenses	5,901	4,975	17,667	16,483
Operating loss	(3,399)	(4,544)	(12,330)	(15,247)
Other (income) expense:
Interest expense	234	0	316	0
Unrealized gain on warrants	(1,597)	(1,452)	0	(2,904)
Other income	(37)	0	(252)	0
Total other (income) expense	(1,400)	(1,452)	64	(2,904)
Net loss	(1,999)	(3,092)	(12,394)	(12,343)
Net loss attributable to non-controlling interests	(1,810)	(2,479)	(6,788)	(8,632)
Net loss attributable to Sky Harbour Group Corporation shareholders	$ (189)	$ (613)	$ (5,606)	$ (3,711)
Loss per share
Basic (in dollars per share)	$ (0.01)	$ (0.04)	$ (0.37)	$ (0.27)
Diluted (in dollars per share)	$ (0.01)	$ (0.04)	$ (0.37)	$ (0.27)
Weighted average shares
Basic (in shares)	15,245	14,949	15,132	13,628
Diluted (in shares)	15,245	14,949	15,132	13,628

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Net loss	$ (1,999)	$ (3,092)	$ (12,394)	$ (12,343)
Other comprehensive income (loss), before related income taxes:
Unrealized gain (loss) on available-for-sale securities	204	(147)	521	(231)
Total comprehensive loss	$ (1,795)	$ (3,239)	$ (11,873)	$ (12,574)

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Prior to Recapitalization [Member] Preferred Stock [Member] Series B Preferred Stock [Member]	Prior to Recapitalization [Member] Common Stock [Member] Common Class A [Member]	Prior to Recapitalization [Member] Common Stock [Member] Common Class B [Member]	Prior to Recapitalization [Member] Additional Paid-in Capital [Member]	Prior to Recapitalization [Member] Retained Earnings [Member]	Prior to Recapitalization [Member] AOCI Attributable to Parent [Member]	Prior to Recapitalization [Member] Parent [Member]	Prior to Recapitalization [Member] Members Equity [Member]	Prior to Recapitalization [Member] Noncontrolling Interest [Member]	Prior to Recapitalization [Member]	After Recapitalization [Member] Preferred Stock [Member] Series B Preferred Stock [Member]	After Recapitalization [Member] Common Stock [Member] Common Class A [Member]	After Recapitalization [Member] Common Stock [Member] Common Class B [Member]	After Recapitalization [Member] Additional Paid-in Capital [Member]	After Recapitalization [Member] Retained Earnings [Member]	After Recapitalization [Member] AOCI Attributable to Parent [Member]	After Recapitalization [Member] Parent [Member]	After Recapitalization [Member] Members Equity [Member]	After Recapitalization [Member] Noncontrolling Interest [Member]	After Recapitalization [Member]	Preferred Stock [Member] Series B Preferred Stock [Member]	Common Stock [Member] Common Class A [Member]	Common Stock [Member] Common Class B [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Parent [Member]	Members Equity [Member]	Noncontrolling Interest [Member]	Total
Balance (in shares) at Dec. 31, 2021																					0	0	0
Balance at Dec. 31, 2021																					$ 54,029	$ 0	$ 0	$ 0	$ 0		$ 0	$ 16,931	$ 0	$ 16,931
Sky incentive compensation											$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 63	$ 63
Net income (loss), parent	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ (1,247)			0	0	0	0	(15,763)	0	(15,763)	0
Net income (loss), nci									$ 0										$ (2,504)
Net loss										$ (1,247)										(18,267)
Sky incentive compensation prior to recapitalization	0	0	0	0	0	0	0	23	$ 0	23
Net income (loss)										$ (1,247)										$ (18,267)
Yellowstone Transaction and recapitalization (in shares)																					0	14,937,581	42,192,250
Yellowstone Transaction and recapitalization																					$ (54,029)	$ 1	$ 4	28,681	0	$ 0	28,686	(15,707)	81,024	94,003
Net loss following recapitalization	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ (1,247)			$ 0	$ 0	$ 0	$ 0	$ (15,763)	$ 0	$ (15,763)	$ 0
Balance (in shares) at Mar. 31, 2022																					0	14,937,581	42,192,250
Balance at Mar. 31, 2022																					$ 0	$ 1	$ 4	28,681	(15,763)		12,923	0	78,583	91,506
Balance (in shares) at Dec. 31, 2021																					0	0	0
Balance at Dec. 31, 2021																					$ 54,029	$ 0	$ 0	0	0		0	16,931	0	16,931
Net income (loss), parent																														(3,711)
Net income (loss), nci																														(8,632)
Net loss																														(12,343)
Net income (loss)																														(12,343)
Net loss following recapitalization																														(3,711)
Unrealized gain (loss) on available-for-sale securities																														(231)
Balance (in shares) at Sep. 30, 2022																					0	14,962,831	42,192,250
Balance at Sep. 30, 2022																					$ 0	$ 1	$ 4	29,254	(3,711)	(231)	25,317	0	73,872	99,189
Balance (in shares) at Mar. 31, 2022																					0	14,937,581	42,192,250
Balance at Mar. 31, 2022																					$ 0	$ 1	$ 4	28,681	(15,763)		12,923	0	78,583	91,506
Sky incentive compensation																					0	0	0	160	0	0	160	0	85	245
Net income (loss), parent																					0	0	0	0	12,665	0	12,665	0
Net income (loss), nci																													(2,402)
Net loss																														10,263
Net income (loss)																														10,263
Net loss following recapitalization																					0	0	0	0	12,665	0	12,665	0
Unrealized gain (loss) on available-for-sale securities																					$ 0	$ 0	$ 0	0	0	(84)	(84)	0		(84)
Balance (in shares) at Jun. 30, 2022																					0	14,937,581	42,192,250
Balance at Jun. 30, 2022																					$ 0	$ 1	$ 4	28,841	(3,098)	(84)	25,664	0	76,266	101,930
Sky incentive compensation																					0	0	0	298	0	0	298	0	85	383
Net income (loss), parent																					$ 0	$ 0	$ 0	0	(613)	0	(613)	0		(613)
Net income (loss), nci																													(2,479)	(2,479)
Net loss																														(3,092)
Exercise of warrants (in shares)																					0	250	0
Exercise of warrants																					$ 0	$ 0	$ 0	3	0		3	0	0	3
Net income (loss)																														(3,092)
Net loss following recapitalization																					0	0	0	0	(613)	0	(613)	0		(613)
Unrealized gain (loss) on available-for-sale securities																					$ 0	$ 0	$ 0	0	0	(147)	(147)	0	0	(147)
Issuance of initial commitment shares (in shares)																					0	25,000	0
Issuance of initial commitment shares																					$ 0	$ 0	$ 0	112	0	0	112	0	0	112
Balance (in shares) at Sep. 30, 2022																					0	14,962,831	42,192,250
Balance at Sep. 30, 2022																					$ 0	$ 1	$ 4	29,254	(3,711)	(231)	25,317	0	73,872	99,189
Balance (in shares) at Dec. 31, 2022																					0	14,962,831	42,192,250
Balance at Dec. 31, 2022																					$ 0	$ 1	$ 4	29,560	(3,184)	(102)	26,279	0	72,096	98,375
Sky incentive compensation																					$ 0	$ 0	$ 0	393	0	0	393	0	85	478
Exchange of Class B Common Stock (in shares)																					0	145,894	145,894
Exchange of Class B Common Stock																					$ 0	$ 0	$ 0	184	0	0	184	0	(184)	0
Exchange of Class B Common Stock (in shares)																					0	(145,894)	(145,894)
Other comprehensive income																					$ 0	$ 0	$ 0	0	0	177	177	0	0	177
Net income (loss), parent																					0	0	0	0	(6,196)	0	(6,196)	0
Net income (loss), nci																													(2,565)
Net loss																														(8,761)
Net income (loss)																														(8,761)
Net loss following recapitalization																					$ 0	$ 0	$ 0	0	(6,196)	0	(6,196)	0
Balance (in shares) at Mar. 31, 2023																					0	15,108,725	42,046,356
Balance at Mar. 31, 2023																					$ 0	$ 1	$ 4	30,137	(9,380)	75	20,837	0	69,432	90,269
Balance (in shares) at Dec. 31, 2022																					0	14,962,831	42,192,250
Balance at Dec. 31, 2022																					$ 0	$ 1	$ 4	29,560	(3,184)	(102)	26,279	0	72,096	98,375
Net income (loss), parent																														(5,606)
Net income (loss), nci																														(6,788)
Net loss																														(12,394)
Net income (loss)																														(12,394)
Net loss following recapitalization																														(5,606)
Unrealized gain (loss) on available-for-sale securities																														521
Balance (in shares) at Sep. 30, 2023																					0	15,252,574	42,046,356
Balance at Sep. 30, 2023																					$ 0	$ 1	$ 4	31,139	(8,791)	298	22,651	0	65,363	88,014
Balance (in shares) at Mar. 31, 2023																					0	15,108,725	42,046,356
Balance at Mar. 31, 2023																					$ 0	$ 1	$ 4	30,137	(9,380)	75	20,837	0	69,432	90,269
Sky incentive compensation																					0	0	0	499	0	0	499	0	81	580
Other comprehensive income																					0	0	0	0	0	38	38	0	0	38
Net income (loss), parent																					$ 0	$ 0	$ 0	0	778	0	778	0
Net income (loss), nci																													(2,412)
Net loss																														(1,634)
Vesting of restricted stock units (in shares)																					0	124,261	0
Exercise of warrants (in shares)																					0	225	0
Exercise of warrants																					$ 0	$ 0	$ 0	3	0	0	3	0	0	3
Net income (loss)																														(1,634)
Net loss following recapitalization																					$ 0	$ 0	$ 0	0	778	0	778	0
Balance (in shares) at Jun. 30, 2023																					0	15,233,211	42,046,356
Balance at Jun. 30, 2023																					$ 0	$ 1	$ 4	30,639	(8,602)	113	22,155	0	67,101	89,256
Sky incentive compensation																					0	0	0	500	0	0	500	0	72	572
Other comprehensive income																					0	0	0	0	0	185	185	0	0	185
Net income (loss), parent																					$ 0	$ 0	$ 0	0	(189)	0	(189)	0		(189)
Net income (loss), nci																													(1,810)	(1,810)
Net loss																														(1,999)
Vesting of restricted stock units (in shares)																					0	19,363	0
Net income (loss)																														(1,999)
Net loss following recapitalization																					$ 0	$ 0	$ 0	0	(189)	0	(189)	0		(189)
Unrealized gain (loss) on available-for-sale securities																														204
Balance (in shares) at Sep. 30, 2023																					0	15,252,574	42,046,356
Balance at Sep. 30, 2023																					$ 0	$ 1	$ 4	$ 31,139	$ (8,791)	$ 298	$ 22,651	$ 0	$ 65,363	$ 88,014

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities:
Net loss	$ (12,394)	$ (12,343)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	1,650	447
Straight-line rent adjustments, net	(188)	14
Equity-based compensation	1,630	826
Loss on impairment of long-lived assets	0	248
Non-cash operating lease expense	1,409	1,451
Unrealized gain on warrants	0	(2,904)
Changes in operating assets and liabilities:
Prepaid expenses and other assets	674	(1,768)
Right-of-use asset initial direct costs	(26)	(9,555)
Accounts payable, accrued expenses and other liabilities	982	(1,698)
Net cash used in operating activities	(6,263)	(25,282)
Cash flows from investing activities:
Purchases of long-lived assets	(597)	(645)
Payments for cost of construction	(40,043)	(35,597)
Investment in notes receivable, net	(2,040)	(1,955)
Net cash provided by acquisition of business	1,793	0
Purchases of available for sale investments	(5,427)	(29,996)
Purchases of held-to-maturity investments	(103,994)	(193,822)
Proceeds from available for sale investments	14,011	0
Proceeds from held-to-maturity investments	138,434	48,466
Net cash provided by (used in) investing activities	2,137	(213,549)
Cash flows from financing activities:
Proceeds from issuance of BOC PIPE	0	45,000
Proceeds from Yellowstone trust	0	15,691
Proceeds from exercise of warrants	3	3
Principal payments for loans payable and finance leases	(513)	0
Refund of debt issuance costs	0	1,249
Payments for equity issuance costs	0	(9,153)
Net cash (used in) provided by financing activities	(510)	52,790
Net decrease in cash and restricted cash	(4,636)	(186,041)
Cash and restricted cash, beginning of year	41,396	203,935
Cash and restricted cash, end of period	$ 36,760	$ 17,894

Note 1 - Organization and Busin

Note 1 - Organization and Business Operations	9 Months Ended
Note 1 - Organization and Business Operations	Sep. 30, 2023
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1. Organization and Business Operations Sky Harbour Group Corporation (“SHG”) is a holding company organized under the laws of the State of Delaware and, through its main operating subsidiary, Sky Harbour LLC and its subsidiaries (collectively, “Sky”), is an aviation infrastructure development company that develops, leases and manages general aviation hangars for business aircraft across the United States. Sky Harbour Group Corporation and its consolidated subsidiaries are collectively referred to as the “Company.” The Company is organized as an umbrella partnership-C corporation, or “Up-C”, structure in which substantially all of the operating assets of the Company are held by Sky and SHG’s only substantive assets are its equity interests in Sky (the “Sky Common Units”). As of September 30, 2023

Note 2 - Basis of Presentation

Note 2 - Basis of Presentation and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2. Basis of Presentation and Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited consolidated financial statements and the related notes (the “Financial Statements”) have been prepared in conformity with the U.S. Securities and Exchange Commission (the “SEC”) requirements for quarterly reports on Form 10 10 December 31, 2022, Certain historical amounts have been reclassified to conform to the current year’s presentation. Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Such estimates include assumptions used within impairment analyses, estimated useful lives of depreciable assets and amortizable costs, estimates of inputs utilized in determining the fair value of financial instruments such as warrants, estimates and assumptions related to right-of-use assets and operating lease liabilities, and estimates and assumptions used in the determination of the fair value of assets acquired and liabilities assumed in the business combination. Actual results could differ materially from those estimates. Risks and Uncertainties The Company’s operations have been limited to-date. For most of its history, the Company has been engaged in securing access to land through ground leases and developing and constructing aviation hangars. The major risks faced by the Company is its future ability to obtain additional tenants for the facilities that it constructs, and to contract with such tenants for rental income in an amount that is sufficient to meet the Company’s financial obligations, including increasing construction costs due to inflation and increased borrowing costs to the extent that the Company incurs additional indebtedness. Liquidity and Capital Resources As a result of ongoing construction projects and business development activities, including the development of aircraft hangars and the leasing of available hangar space, the Company has incurred recurring losses and negative cash flows from operating activities since its inception. The Company expects to continue to invest in such activities and generate operating losses in the near future. The Company obtained long-term financing through bond and equity offerings to fund its construction, lease, and operational commitments, and believes its liquidity is sufficient to allow continued operations for more than one Significant Accounting Policies Basis of Consolidation SHG is deemed to have a controlling interest of Sky through its appointment as the Managing Member of Sky, in which SHG has control over the affairs and decision-making of Sky. The interests in Sky not no Cost of Construction Cost of construction on the consolidated balance sheets is carried at cost. The cost of acquiring an asset includes the costs necessary to bring a capital project to the condition necessary for its intended use. Costs are capitalized once the construction of a specific capital project is probable. Construction labor and other direct costs of construction are capitalized. Professional fees for engineering, procurement, consulting, and other soft costs that are directly identifiable with the project and are considered an incremental direct cost are capitalized. Activities associated with internally manufactured hangar buildings, including materials, direct manufacturing labor, and manufacturing overhead directly identifiable with such activities are allocated to our construction projects and capitalized. The Company allocates a portion of its internal salaries to both capitalized cost of construction and to general and administrative expense based on the percentage of time certain employees worked in the related areas. Interest, net of the amortization of debt issuance costs and premiums, and net of interest income earned on bond proceeds, is also capitalized until the capital project is completed. Once a capital project is complete, the Company begins to depreciate the constructed asset on a straight-line basis over the lesser of the life of the asset or the remaining term of the related ground lease, including expected renewal terms. Leases The Company accounts for leases under Accounting Standards Codification (“ASC”) Topic 842, 842 12 not 12 The Company has lease agreements with lease and non-lease components; the Company has elected the accounting policy to not not Warrants liability On January 25, 2022 ( August 1, 2021 9 Warrants 815, 815” not Revenue recognition The Company leases the hangar facilities that it constructs to third may no 842, 7 Leases not 842 Variable lease payments consist of tenant reimbursements for common area maintenance, utilities, and operating expenses of the property, and various other fees, including fees associated with the delivery of aircraft fuel, late fees, and lease termination fees. Variable lease payments are charged based on the terms and conditions included in the respective tenant leases and are recognized in the same period as the expenses are incurred. For the three nine September 30, 2023, three nine September 30, 2023 two 4 Cost of Construction and Constructed Assets three nine September 30, 2022, As of September 30, 2023 December 31, 2022 September 30, 2023 December 31, 2022 For the three nine September 30, 2023 10% three nine September 30, 2023, three nine September 30, 2022, two Income Taxes SHG is classified as a corporation for Federal income tax purposes and is subject to U.S. Federal and state income taxes. SHG includes in income, for U.S. Federal income tax purposes, its allocable portion of income from the “pass-through” entities in which it holds an interest, including Sky. The “pass-through” entities, are not not The Company follows the asset and liability method of accounting for income taxes. This method gives consideration to the future tax consequences associated with the differences between the financial accounting and tax basis of the assets and liabilities as well as the ultimate realization of any deferred tax asset resulting from such differences, as well as from net operating losses and other tax-basis carryforwards. Valuation allowances are recorded to reduce deferred tax assets when it is more likely than not not The Company recorded income tax expense of $0 and the effective tax rate was 0.0% for the three nine September 30, 2023 2022. three nine September 30, 2023 2022 not not Recently Adopted Accounting Pronouncements Credit Losses (Topic 326 In June 2016, No. 2016 13, Financial Instruments - Credit Losses (Topic 326 2016 13” 2016 13, 326 first 2023. not

Note 3 - Investments and Restri

Note 3 - Investments and Restricted Investments	9 Months Ended
Note 3 - Investments and Restricted Investments	Sep. 30, 2023
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	3. Investments and Restricted Investments Investments of the Company's cash in various U.S. Treasury securities have been classified as available-for-sale and are carried at estimated fair value utilizing Level 1 Pursuant to provisions within the Master Indenture of the Series 2021 8 Bonds payable, loans payable, and interest not not not three nine September 30, 2023. September 30, 2023, not 1 The following tables are summaries of the amortized cost, unrealized gains, unrealized losses, and fair value by investment type as of September 30, 2023 December 31, 2022: September 30, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Investments, available for sale: U.S. Treasuries $ 16,534 $ 298 $ - $ 16,832 Total investments $ 16,534 $ 298 $ - $ 16,832 Restricted investments, held-to-maturity: U.S. Treasuries 80,183 599 (1,114 ) 79,668 Total restricted investments $ 80,183 $ 599 $ (1,114 ) $ 79,668 December 31, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Investments, available for sale: U.S. Treasuries $ 24,997 $ 65 $ (167 ) $ 24,895 Total investments $ 24,997 $ 65 $ (167 ) $ 24,895 Restricted investments, held-to-maturity: U.S. Treasuries 114,648 299 (1,991 ) 112,956 Total restricted investments $ 114,648 $ 299 $ (1,991 ) $ 112,956 The following table sets forth the maturity profile of the Company's investments and restricted investments as of September 30, 2023: Investments Restricted Investments Due within one year $ 16,832 $ 63,432 Due one year through five years - 16,751 Total $ 16,832 $ 80,183

Note 4 - Cost of Construction a

Note 4 - Cost of Construction and Constructed Assets	9 Months Ended
Note 4 - Cost of Construction and Constructed Assets	Sep. 30, 2023
Notes to Financial Statements
Cost of Construction and Constructed Assets [Text Block]	4. Cost of Construction and Constructed Assets The Company’s portfolio as of September 30, 2023 ● Sugar Land Regional Airport (“SGR”), Sugar Land, TX (Houston area); ● Miami-Opa Locka Executive Airport (“OPF”), Opa-Locka, FL (Miami area); ● Nashville International Airport (“BNA”), Nashville, TN; ● Centennial Airport (“APA”), Englewood, CO (Denver area); ● Phoenix Deer Valley Airport (“DVT”), Phoenix, AZ; and ● Addison Airport (“ADS”), Addison, TX (Dallas area). Constructed assets, net, and cost of construction, consists of the following: September 30, 2023 December 31, 2022 Constructed assets, net of accumulated depreciation: Buildings, SGR, BNA, and OPF (Phase I) $ 80,611 $ 40,921 Accumulated depreciation (2,501 ) (1,212 ) $ 78,110 $ 39,709 Cost of construction: OPF (Phase II), APA (Phase I), DVT (Phase I), and ADS (Phase I & II) $ 48,153 $ 48,242 Depreciation expense for the three September 30, 2023 2022 nine September 30, 2023 2022

Note 5 - Long-lived Assets

Note 5 - Long-lived Assets	9 Months Ended
Note 5 - Long-lived Assets	Sep. 30, 2023
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	5. Long-lived Assets Long-lived assets, net, consists of the following: September 30, 2023 December 31, 2022 Ground support equipment $ 1,034 $ 485 Machinery and equipment 3,710 - Buildings 5,380 - Land 1,620 - Other equipment and fixtures 531 110 Purchase deposits and construction in progress 435 650 12,710 1,245 Accumulated depreciation (635 ) (95 ) $ 12,075 $ 1,150 Depreciation expense for the three September 30, 2023 2022 nine September 30, 2023 2022 three nine September 30, 2023, September 30, 2023 December 31, 2022, not not

Note 6 - Supplemental Balance S

Note 6 - Supplemental Balance Sheet and Cash Flow Information	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Supplemental Balance Sheet and Cash Flow Disclosure [Text Block]	6. Supplemental Balance Sheet and Cash Flow Information Rapidbuilt Acquisition On May 12, 2023 ( Rapidbuilt is a manufacturer of pre-engineered steel buildings that previously entered into a supplier arrangement with Sky. Rapidbuilt and Sky’s strategic partnership has resulted in a standard set of proprietary prototype hangar designs, which are intended to deliver high-quality business aviation facilities, lower construction costs, minimize development risk, expedite permit issuance, and facilitate the implementation of refinements across Sky’s portfolio. The Company had pre-existing relationships with Rapidbuilt through a vendor agreement entered into in July 2022 No The total cash purchase consideration was nominal. The Company accounted for the acquisition using the acquisition method of accounting, whereby the total purchase price was allocated to assets acquired and liabilities assumed based on respective estimated fair values. The estimated fair values of the acquired assets and assume liabilities are based on preliminary calculations and subject to further refinement and may not one no not The following tables summarize the preliminary allocation of the purchase price to the fair value of the assets acquired and liabilities assumed for the Rapidbuilt Acquisition: May 12, 2023 Cash $ 293 Restricted Cash 1,500 Long-lived assets 10,821 Total assets 12,614 Accounts payable, accrued expenses and other liabilities 1,496 Loans payable and finance lease liabilities 11,074 Total liabilities 12,570 Total fair value of net assets acquired 44 Effective settlement of net receivable from Rapidbuilt 44 Total consideration transferred $ 44 Substantially all of Overflow and Rapidbuilt's activities relate to the manufacturing of pre-engineering hangar structures for Sky's hangar development projects. As such, the pro-forma effect of this acquisition on revenues and earnings was not three nine September 30, 2023. Accounts payable, accrued expenses and other liabilities Accounts payable, accrued expenses and other liabilities, consists of the following: September 30, 2023 December 31, 2022 Costs of construction $ 6,317 $ 6,098 Employee compensation and benefits 1,530 2,047 Interest 1,739 3,470 Professional Fees 1,698 1,621 Other 2,619 948 $ 13,903 $ 14,184 Supplemental Cash Flow Information The following table summarizes non-cash investing and financing activities: Nine months ended September 30, 2023 September 30, 2022 Accrued costs of construction, including capitalized interest $ 8,593 $ 10,121 Accrued costs of long-lived assets 47 - Accrued equity issuance costs - 1,500 Debt issuance costs and premium amortized to cost of construction 158 228 The following table summarizes non-cash activities associated with the Company’s operating leases: Nine months ended September 30, 2023 September 30, 2022 Right-of-use assets obtained in exchange for operating lease liabilities $ 1,368 $ 2,876 Net decrease in right-of-use assets and operating lease liabilities due to lease remeasurement $ (206 ) $ (12,189 ) The following table summarizes interest paid: Nine months ended September 30, 2023 September 30, 2022 Interest paid $ 7,256 $ 5,533 The following table provides a reconciliation of cash and restricted cash reported within the consolidated balance sheets to the total shown within the consolidated statements of cash flows: Nine months ended September 30, 2023 September 30, 2022 Cash, beginning of year $ 2,174 $ 6,805 Restricted cash, beginning of year 39,222 197,130 Cash and restricted cash, beginning of year $ 41,396 $ 203,935 Cash, end of period $ 2,471 $ 3,796 Restricted cash, end of period 34,289 38,392 Cash and restricted cash, end of period $ 36,760 $ 42,188

Note 7 - Leases

Note 7 - Leases	9 Months Ended
Note 7 - Leases	Sep. 30, 2023
Notes to Financial Statements
Lessee and Lessor, Operating Lease [Text Block]	7. Leases Lessee All of the Company’s ground leases at airports are classified as operating leases under ASC Topic 842. not The Company’s lease population does not not not three nine September 30, 2023 2022 one 14 Commitments and Contingencies The Company’s ground leases have remaining terms ranging between 25 to 73 years, including options for the Company to extend the terms. These leases expire between 2049 2097, In January 2023, June 2023 one July 2024 no In addition to the Company’s ground leases, the company has operating leases for office space and ground support vehicles, and finance leases for vehicles supporting operations at Rapidbuilt. Supplemental consolidated cash flow information related to the Company’s leases was as follows: Nine months ended September 30, September 30, 2023 2022 Cash paid for amounts included in measurement of lease liabilities: Operating cash flows from operating leases as lessee $ 1,504 $ 1,384 Supplemental consolidated balance sheet information related to the Company’s leases was as follows: Weighted Average Remaining Lease Term September 30, 2023 December 31, 2022 Operating leases as lessee (in years) 54.3 55.3 Weighted Average Discount Rate Operating leases as lessee 4.65 % 4.62 % The Company’s future minimum lease payments required under leases as of September 30, 2023 Year Ending December 31, Operating Leases Finance Leases 2023 (remainder of year) $ 482 $ 8 2024 2,137 29 2025 2,379 23 2026 2,431 17 2027 2,494 2 Thereafter 199,870 - Total lease payments 209,793 79 Less imputed interest (154,766 ) (5 ) Total $ 55,027 $ 74 Lessor The Company leases the hangar facilities that it constructs to third not one ten no The leases may not not Tenant leases to which the Company is the lessor require the following non-cancelable future minimum lease payments from tenants as of September 30, 2023 Year Ending December 31, Operating Leases 2023 (remainder of year) $ 1,639 2024 6,133 2025 5,474 2026 3,352 2027 2,478 Thereafter 3,294 Total lease payments 22,370 Less rent concessions to be applied at Company’s discretion (214 ) Total $ 22,156

Note 8 - Bonds Payable and Inte

Note 8 - Bonds Payable and Interest	9 Months Ended
Note 8 - Bonds Payable and Interest	Sep. 30, 2023
Notes to Financial Statements
Debt Disclosure [Text Block]	8. Bonds payable, loans payable, and interest Bonds payable On May 20, 2021, September 2021 2021 2021 not no The Series 2021 September 1, 2021 2021 1 first The Series 2021 July 1, 2036; July 1, 2041; July 1, 2054. 2021 July 1, 2036 January 1 July 1, January 1, 2022. 2021 July 1, 2032. On March 22, 2023 , 2021 2021 2021 2021 2021 As of September 30, 2023 December 31, 2022, 2021 1 September 30, 2023 December 31, 2022, 2 The following table summarizes the Company’s Bonds payable as of September 30, 2023 December 31, 2022 September 30, 2023 December 31, 2022 Bonds payable: Series 2021 Bonds Principal $ 166,340 $ 166,340 Premium on bonds 249 249 Bond proceeds 166,589 166,589 Debt issuance costs (4,753 ) (4,753 ) Accumulated amortization of debt issuance costs and accretion of bond premium 532 374 Total Bonds payable, net $ 162,368 $ 162,210 Rapidbuilt Loan and Guaranty Agreement In connection with the Rapidbuilt Acquisition, Sky and Vista Bank (the “Lender”) entered into a consent, waiver, and second The Rapidbuilt Loan was originated in December 2020 three first three nine September 30, 2023, January 1, April 1, July 1, October 1 December 1, 2025. Interest The following table sets forth the details of interest expense: Three months ended Nine months ended September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 Interest $ 1,969 $ 1,735 $ 5,522 $ 5,205 Accretion of bond premium and amortization of debt issuance costs 52 75 158 228 Total interest incurred 2,021 1,810 5,680 5,433 Less: capitalized interest (1,787 ) (1,810 ) (5,364 ) (5,433 ) Interest expense $ 234 $ - $ 316 $ -

Note 9 - Warrants

Note 9 - Warrants	9 Months Ended
Note 9 - Warrants	Sep. 30, 2023
Notes to Financial Statements
Warrants [Text Block]	9. Warrants SHG's legal predecessor, Yellowstone, issued to third one one September 30, 2023 The terms of the Private Warrants are identical to those of the Public Warrants, except for that so long as the Private Warrants are held by the Sponsor or its permitted transferees, they may January 25, 2027. 1 2 The closing price of the Public Warrants was $0.20 and $0.20 per warrant on September 30, 2023 December 31, 2022, September 30, 2023 December 31, 2022, three September 30, 2023 2022, not nine September 30, 2023. nine September 30, 2022.

Note 10 - Equity and Redeemable

Note 10 - Equity and Redeemable Equity	9 Months Ended
Note 10 - Equity and Redeemable Equity	Sep. 30, 2023
Notes to Financial Statements
Equity [Text Block]	10. Equity and Redeemable Equity Common Equity As of September 30, 2023 one The holders of Class A Common Stock are entitled to receive dividends, as and if declared by the Company’s Board of Directors out of legally available funds. With respect to stock dividends, holders of Class A Common Stock must receive Class A Common Stock. The holders of Class B Common Stock do not Common Stock Purchase Agreement On August 18, 2022, not 36 Under the B. Riley Stock Purchase Agreement, on any trading day selected by the Company, the Company has the right, in its sole discretion, to present B. Riley with a purchase notice (each, a "VWAP Purchase Notice"), directly B. Riley (as principal) to purchase a specified amount of shares not one million no In consideration for entering into the B. Riley Stock Purchase Agreement and concurrently with the execution of the B. Riley Stock Purchase Agreement, the Company issued to B. Riley 25,000 shares of Class A Common Stock as initial commitment shares and will issue up to an aggregate of 75,000 shares of its Class A Common Stock as additional commitment shares if certain conditions and milestones are met. As of September 30, 2023, not Non-controlling interests The LLC Interests’ ownership in Sky is presented as non-controlling interests within the Equity section of the consolidated balance sheet as of September 30, 2023 may not September 30, 2023 The former majority shareholder's ownership in Overflow is presented as a non-controlling interest within the Equity section of the consolidated balance sheet. As of September 30, 2023,

Note 11 - Equity Compensation

Note 11 - Equity Compensation	9 Months Ended
Note 11 - Equity Compensation	Sep. 30, 2023
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	11. Equity Compensation Restricted Stock Units (“RSUs”) In February 2023, 2022 four first February 13, 2027. During the three nine September 30, 2023, three nine September 30, 2022, September 30, 2023, September 30, 2023 Sky Incentive Units The Company recognized equity-based compensation expense relating to awarded equity units of Sky (the “Sky Incentive Units”) of $72 and $238 for the three nine September 30, 2023 three nine September 30, 2022, September 30, 2023

Note 12 - Earnings (Loss) Per S

Note 12 - Earnings (Loss) Per Share	9 Months Ended
Note 12 - Earnings (Loss) Per Share	Sep. 30, 2023
Notes to Financial Statements
Earnings Per Share [Text Block]	12. Earnings (loss) per Share Basic earnings (loss) per share of Class A Common Stock is computed by dividing net income (loss) attributable to SHG by the weighted-average number of shares of Class A Common Stock outstanding during the period. Diluted net income (loss) per share of Class A Common Stock is computed by dividing net income (loss) attributable to SHG, adjusted for the assumed exchange of all potentially dilutive securities, by the weighted-average number of shares of Class A Common Stock outstanding adjusted to give effect to potentially dilutive shares using the treasury stock or if-converted method as appropriate. Shares of the Company’s Class B Common Stock do not not two not Three Months Ended Nine Months Ended September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 Numerator: Net loss $ (1,999 ) $ (3,092 ) $ (12,394 ) $ (12,343 ) Less: Net loss attributable to non-controlling interests (1,810 ) (2,479 ) (6,788 ) (8,632 ) Basic and diluted net loss attributable to Sky Harbour Group Corporation shareholders (189 ) (613 ) (5,606 ) (3,711 ) Denominator: Based and diluted weighted average shares of Class A Common Stock outstanding 15,245 14,949 15,132 13,628 Loss per share of Class A Common Stock – Basic and diluted $ (0.01 ) $ (0.04 ) $ (0.37 ) $ (0.27 ) Potentially dilutive shares excluded from the weighted-average shares used to calculate the diluted net loss per common share due the Company's net loss position were as follows (in thousands): Three Months Ended Nine Months Ended September September 30 September 30 September Shares subject to unvested restricted stock units 957 631 957 631 Shares issuable upon the exercise of Warrants 14,519 14,519 14,519 14,519 Shares issuable upon the exchange of Class B Common Stock 42,046 42,192 42,046 42,192 Shares issuable upon the exercise and exchange of Sky Incentive Units 2,808 2,808 2,808 2,808

Note 13 - Related Party Transac

Note 13 - Related Party Transactions	9 Months Ended
Note 13 - Related Party Transactions	Sep. 30, 2023
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	13. Related Party Transactions On September 20, 2021, G58 September 8, 2021 35 three nine September 30, 2023, three nine September 30, 2022, September 30, 2023 For the three nine September 30, 2023, July 1, 2021. three nine September 30, 2022

Note 14 - Commitments and Conti

Note 14 - Commitments and Contingencies	9 Months Ended
Note 14 - Commitments and Contingencies	Sep. 30, 2023
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	14. Commitments and Contingencies In addition to the lease payment commitments discussed in Note 7 Leases The APA Lease requires the Company to improve the property in accordance with a development plan included in the lease and to complete such improvements within 24-months of the issuance of permitting documents. Construction began on the APA Phase I project in October 2022. The DVT Lease requires approximately $15.3 million and $14.6 million of improvements to be made for Phase I and for Phase II, if such option is exercised, respectively, within 12 no May 2026. December 2022. The Company has committed to spend $10.0 million in capital improvements on the ADS construction project. If this amount is not The Company has contracts for construction of the APA Phase I and DVT Phase I projects. The Company may

Note 15 - Accumulated Other Com

Note 15 - Accumulated Other Comprehensive Income (Loss)	9 Months Ended
Note 15 - Accumulated Other Comprehensive Income (Loss)	Sep. 30, 2023
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	15. Accumulated Other Comprehensive Income (Loss) The following table summarizes the components of Accumulated other comprehensive income (loss): Unrealized gain (loss) on Available-for-sale Securities Total Balance as of December 31, 2022 $ (102 ) $ (102 ) Other comprehensive income before reclassifications 521 521 Amounts reclassified to other (income) expense (121 ) (121 ) Balance as of September 30, 2023 $ 298 $ 298

Note 16 - Subsequent Events

Note 16 - Subsequent Events	9 Months Ended
Note 16 - Subsequent Events	Sep. 30, 2023
Notes to Financial Statements
Subsequent Events [Text Block]	16. Subsequent Events PWK Ground Lease On October 11, 2023, two first second no PWK is jointly owned by the Village of Wheeling and City of Prospect Heights, Illinois, and acts a primary reliever and general aviation airport within the Chicago metropolitan area. The FAA reported nearly 100,000 2021 2022, SGR Phase II Lease Termination The Company was subject to requirements in its ground lease at SGR with respect to the Company's contemplated SGR Phase II project that defined (i) a minimum improvement amount of $2.0 million and (ii) that related construction commence by October 2023, October 2023, not Private Placement and Securities Purchase Agreement On November 1, 2023, second The closing of the Initial Financing occurred on November 2, 2023 ( November 30, 2023, The PIPE Warrants are similar in form and substance to the Company’s public warrants to purchase Class A Common Stock. The PIPE Warrants are exercisable at an exercise price of $11.50 per share, subject to adjustment as set forth therein. The PIPE Warrants are fully exercisable and expire on January 25, 2027. 4.4 10 December 31, 2022, March 24, 2023. The Private Placement Purchase Agreement includes certain covenants, including a limitation on the Company’s use of the net proceeds from the Financing, certain customary standstill restrictions for a period of 90 eighteen six Registration Rights Agreement On November 1, 2023, 180 fifth not not

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
Significant Accounting Policies (Policies)	Sep. 30, 2023
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The accompanying unaudited consolidated financial statements and the related notes (the “Financial Statements”) have been prepared in conformity with the U.S. Securities and Exchange Commission (the “SEC”) requirements for quarterly reports on Form 10 10 December 31, 2022, Certain historical amounts have been reclassified to conform to the current year’s presentation.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Such estimates include assumptions used within impairment analyses, estimated useful lives of depreciable assets and amortizable costs, estimates of inputs utilized in determining the fair value of financial instruments such as warrants, estimates and assumptions related to right-of-use assets and operating lease liabilities, and estimates and assumptions used in the determination of the fair value of assets acquired and liabilities assumed in the business combination. Actual results could differ materially from those estimates.
Risks and Uncertainties [Policy Text Block]	Risks and Uncertainties The Company’s operations have been limited to-date. For most of its history, the Company has been engaged in securing access to land through ground leases and developing and constructing aviation hangars. The major risks faced by the Company is its future ability to obtain additional tenants for the facilities that it constructs, and to contract with such tenants for rental income in an amount that is sufficient to meet the Company’s financial obligations, including increasing construction costs due to inflation and increased borrowing costs to the extent that the Company incurs additional indebtedness.
Liquidity and Capital Resources [Policy Text Block]	Liquidity and Capital Resources As a result of ongoing construction projects and business development activities, including the development of aircraft hangars and the leasing of available hangar space, the Company has incurred recurring losses and negative cash flows from operating activities since its inception. The Company expects to continue to invest in such activities and generate operating losses in the near future. The Company obtained long-term financing through bond and equity offerings to fund its construction, lease, and operational commitments, and believes its liquidity is sufficient to allow continued operations for more than one
Consolidation, Policy [Policy Text Block]	Basis of Consolidation SHG is deemed to have a controlling interest of Sky through its appointment as the Managing Member of Sky, in which SHG has control over the affairs and decision-making of Sky. The interests in Sky not no
Cost of Construction [Policy Text Block]	Cost of Construction Cost of construction on the consolidated balance sheets is carried at cost. The cost of acquiring an asset includes the costs necessary to bring a capital project to the condition necessary for its intended use. Costs are capitalized once the construction of a specific capital project is probable. Construction labor and other direct costs of construction are capitalized. Professional fees for engineering, procurement, consulting, and other soft costs that are directly identifiable with the project and are considered an incremental direct cost are capitalized. Activities associated with internally manufactured hangar buildings, including materials, direct manufacturing labor, and manufacturing overhead directly identifiable with such activities are allocated to our construction projects and capitalized. The Company allocates a portion of its internal salaries to both capitalized cost of construction and to general and administrative expense based on the percentage of time certain employees worked in the related areas. Interest, net of the amortization of debt issuance costs and premiums, and net of interest income earned on bond proceeds, is also capitalized until the capital project is completed. Once a capital project is complete, the Company begins to depreciate the constructed asset on a straight-line basis over the lesser of the life of the asset or the remaining term of the related ground lease, including expected renewal terms.
Lessee, Leases [Policy Text Block]	Leases The Company accounts for leases under Accounting Standards Codification (“ASC”) Topic 842, 842 12 not 12 The Company has lease agreements with lease and non-lease components; the Company has elected the accounting policy to not not
Derivatives, Policy [Policy Text Block]	Warrants liability On January 25, 2022 ( August 1, 2021 9 Warrants 815, 815” not
Revenue [Policy Text Block]	Revenue recognition The Company leases the hangar facilities that it constructs to third may no 842, 7 Leases not 842 Variable lease payments consist of tenant reimbursements for common area maintenance, utilities, and operating expenses of the property, and various other fees, including fees associated with the delivery of aircraft fuel, late fees, and lease termination fees. Variable lease payments are charged based on the terms and conditions included in the respective tenant leases and are recognized in the same period as the expenses are incurred. For the three nine September 30, 2023, three nine September 30, 2023 two 4 Cost of Construction and Constructed Assets three nine September 30, 2022, As of September 30, 2023 December 31, 2022 September 30, 2023 December 31, 2022 For the three nine September 30, 2023 10% three nine September 30, 2023, three nine September 30, 2022, two
Income Tax, Policy [Policy Text Block]	Income Taxes SHG is classified as a corporation for Federal income tax purposes and is subject to U.S. Federal and state income taxes. SHG includes in income, for U.S. Federal income tax purposes, its allocable portion of income from the “pass-through” entities in which it holds an interest, including Sky. The “pass-through” entities, are not not The Company follows the asset and liability method of accounting for income taxes. This method gives consideration to the future tax consequences associated with the differences between the financial accounting and tax basis of the assets and liabilities as well as the ultimate realization of any deferred tax asset resulting from such differences, as well as from net operating losses and other tax-basis carryforwards. Valuation allowances are recorded to reduce deferred tax assets when it is more likely than not not The Company recorded income tax expense of $0 and the effective tax rate was 0.0% for the three nine September 30, 2023 2022. three nine September 30, 2023 2022 not not
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Adopted Accounting Pronouncements Credit Losses (Topic 326 In June 2016, No. 2016 13, Financial Instruments - Credit Losses (Topic 326 2016 13” 2016 13, 326 first 2023. not

Note 3 - Investments and Rest_2

Note 3 - Investments and Restricted Investments (Tables)	9 Months Ended
Note 3 - Investments and Restricted Investments (Tables)	Sep. 30, 2023
Notes Tables
Schedule of Available for Sale Securities, and Held to Maturity [Table Text Block]	September 30, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Investments, available for sale: U.S. Treasuries $ 16,534 $ 298 $ - $ 16,832 Total investments $ 16,534 $ 298 $ - $ 16,832 Restricted investments, held-to-maturity: U.S. Treasuries 80,183 599 (1,114 ) 79,668 Total restricted investments $ 80,183 $ 599 $ (1,114 ) $ 79,668 December 31, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Investments, available for sale: U.S. Treasuries $ 24,997 $ 65 $ (167 ) $ 24,895 Total investments $ 24,997 $ 65 $ (167 ) $ 24,895 Restricted investments, held-to-maturity: U.S. Treasuries 114,648 299 (1,991 ) 112,956 Total restricted investments $ 114,648 $ 299 $ (1,991 ) $ 112,956
Investments Classified by Contractual Maturity Date [Table Text Block]	Investments Restricted Investments Due within one year $ 16,832 $ 63,432 Due one year through five years - 16,751 Total $ 16,832 $ 80,183

Note 4 - Cost of Construction_2

Note 4 - Cost of Construction and Constructed Assets (Tables)	9 Months Ended
	Sep. 30, 2023
Notes Tables
Schedule of Constructed Assets, Net and Cost of Construction [Table Text Block]	September 30, 2023 December 31, 2022 Constructed assets, net of accumulated depreciation: Buildings, SGR, BNA, and OPF (Phase I) $ 80,611 $ 40,921 Accumulated depreciation (2,501 ) (1,212 ) $ 78,110 $ 39,709 Cost of construction: OPF (Phase II), APA (Phase I), DVT (Phase I), and ADS (Phase I & II) $ 48,153 $ 48,242

Note 5 - Long-lived Assets (Tab

Note 5 - Long-lived Assets (Tables)	9 Months Ended
Note 5 - Long-lived Assets (Tables)	Sep. 30, 2023
Notes Tables
Property, Plant and Equipment [Table Text Block]	September 30, 2023 December 31, 2022 Ground support equipment $ 1,034 $ 485 Machinery and equipment 3,710 - Buildings 5,380 - Land 1,620 - Other equipment and fixtures 531 110 Purchase deposits and construction in progress 435 650 12,710 1,245 Accumulated depreciation (635 ) (95 ) $ 12,075 $ 1,150

Note 6 - Supplemental Balance_2

Note 6 - Supplemental Balance Sheet and Cash Flow Information (Tables)	9 Months Ended
	Sep. 30, 2023
Notes Tables
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	May 12, 2023 Cash $ 293 Restricted Cash 1,500 Long-lived assets 10,821 Total assets 12,614 Accounts payable, accrued expenses and other liabilities 1,496 Loans payable and finance lease liabilities 11,074 Total liabilities 12,570 Total fair value of net assets acquired 44 Effective settlement of net receivable from Rapidbuilt 44 Total consideration transferred $ 44
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	September 30, 2023 December 31, 2022 Costs of construction $ 6,317 $ 6,098 Employee compensation and benefits 1,530 2,047 Interest 1,739 3,470 Professional Fees 1,698 1,621 Other 2,619 948 $ 13,903 $ 14,184
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Nine months ended September 30, 2023 September 30, 2022 Accrued costs of construction, including capitalized interest $ 8,593 $ 10,121 Accrued costs of long-lived assets 47 - Accrued equity issuance costs - 1,500 Debt issuance costs and premium amortized to cost of construction 158 228 Nine months ended September 30, 2023 September 30, 2022 Right-of-use assets obtained in exchange for operating lease liabilities $ 1,368 $ 2,876 Net decrease in right-of-use assets and operating lease liabilities due to lease remeasurement $ (206 ) $ (12,189 ) Nine months ended September 30, 2023 September 30, 2022 Interest paid $ 7,256 $ 5,533 Nine months ended September 30, 2023 September 30, 2022 Cash, beginning of year $ 2,174 $ 6,805 Restricted cash, beginning of year 39,222 197,130 Cash and restricted cash, beginning of year $ 41,396 $ 203,935 Cash, end of period $ 2,471 $ 3,796 Restricted cash, end of period 34,289 38,392 Cash and restricted cash, end of period $ 36,760 $ 42,188

Note 7 - Leases (Tables)

Note 7 - Leases (Tables)	9 Months Ended
Note 7 - Leases (Tables)	Sep. 30, 2023
Notes Tables
Supplemental Information of Leases [Table Text Block]	Nine months ended September 30, September 30, 2023 2022 Cash paid for amounts included in measurement of lease liabilities: Operating cash flows from operating leases as lessee $ 1,504 $ 1,384 Weighted Average Remaining Lease Term September 30, 2023 December 31, 2022 Operating leases as lessee (in years) 54.3 55.3 Weighted Average Discount Rate Operating leases as lessee 4.65 % 4.62 %
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]	Year Ending December 31, Operating Leases Finance Leases 2023 (remainder of year) $ 482 $ 8 2024 2,137 29 2025 2,379 23 2026 2,431 17 2027 2,494 2 Thereafter 199,870 - Total lease payments 209,793 79 Less imputed interest (154,766 ) (5 ) Total $ 55,027 $ 74
Lessor, Operating Lease, Payment to be Received, Maturity [Table Text Block]	Year Ending December 31, Operating Leases 2023 (remainder of year) $ 1,639 2024 6,133 2025 5,474 2026 3,352 2027 2,478 Thereafter 3,294 Total lease payments 22,370 Less rent concessions to be applied at Company’s discretion (214 ) Total $ 22,156

Note 8 - Bonds Payable and In_2

Note 8 - Bonds Payable and Interest (Tables)	9 Months Ended
Note 8 - Bonds Payable and Interest (Tables)	Sep. 30, 2023
Notes Tables
Schedule of Long-Term Debt Instruments [Table Text Block]	September 30, 2023 December 31, 2022 Bonds payable: Series 2021 Bonds Principal $ 166,340 $ 166,340 Premium on bonds 249 249 Bond proceeds 166,589 166,589 Debt issuance costs (4,753 ) (4,753 ) Accumulated amortization of debt issuance costs and accretion of bond premium 532 374 Total Bonds payable, net $ 162,368 $ 162,210
Interest Expense, Debt [Table Text Block]	Three months ended Nine months ended September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 Interest $ 1,969 $ 1,735 $ 5,522 $ 5,205 Accretion of bond premium and amortization of debt issuance costs 52 75 158 228 Total interest incurred 2,021 1,810 5,680 5,433 Less: capitalized interest (1,787 ) (1,810 ) (5,364 ) (5,433 ) Interest expense $ 234 $ - $ 316 $ -

Note 12 - Earnings (Loss) Per_2

Note 12 - Earnings (Loss) Per Share (Tables)	9 Months Ended
Note 12 - Earnings (Loss) Per Share (Tables)	Sep. 30, 2023
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Nine Months Ended September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 Numerator: Net loss $ (1,999 ) $ (3,092 ) $ (12,394 ) $ (12,343 ) Less: Net loss attributable to non-controlling interests (1,810 ) (2,479 ) (6,788 ) (8,632 ) Basic and diluted net loss attributable to Sky Harbour Group Corporation shareholders (189 ) (613 ) (5,606 ) (3,711 ) Denominator: Based and diluted weighted average shares of Class A Common Stock outstanding 15,245 14,949 15,132 13,628 Loss per share of Class A Common Stock – Basic and diluted $ (0.01 ) $ (0.04 ) $ (0.37 ) $ (0.27 )
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	Three Months Ended Nine Months Ended September September 30 September 30 September Shares subject to unvested restricted stock units 957 631 957 631 Shares issuable upon the exercise of Warrants 14,519 14,519 14,519 14,519 Shares issuable upon the exchange of Class B Common Stock 42,046 42,192 42,046 42,192 Shares issuable upon the exercise and exchange of Sky Incentive Units 2,808 2,808 2,808 2,808

Note 15 - Accumulated Other C_2

Note 15 - Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2023
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Unrealized gain (loss) on Available-for-sale Securities Total Balance as of December 31, 2022 $ (102 ) $ (102 ) Other comprehensive income before reclassifications 521 521 Amounts reclassified to other (income) expense (121 ) (121 ) Balance as of September 30, 2023 $ 298 $ 298

Note 1 - Organization and Bus_2

Note 1 - Organization and Business Operations (Details Textual) - $ / shares	Sep. 30, 2023	Dec. 31, 2022
Common Class B [Member]
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.0001	$ 0.0001
Sky Harbour LLC [Member] \| Common Class B [Member]
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.0001
Sky Harbour LLC [Member]
Subsidiary, Ownership Percentage, Parent	26.20%
Sky Harbour LLC [Member] \| LLC Interests and TRA Holders [Member]
Subsidiary, Ownership Percentage, Noncontrolling Owner	73.80%

Note 2 - Basis of Presentatio_2

Note 2 - Basis of Presentation and Summary of Significant Accounting Policies (Details Textual) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Operating Lease, Variable Lease Income	$ 920	$ 28	$ 1,224	$ 96
Operating Lease, Termination, Period of Additional Rent Payments (Month)			8 months 15 days
Advance Rent	175		$ 175		$ 95
Income Tax Expense (Benefit)	$ 0	$ 0	$ 0	$ 0
Effective Income Tax Rate Reconciliation, Percent	0%	0%	0%	0%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			21%	21%
Customer Concentration Risk [Member] \| Revenue Benchmark [Member]
Number of Major Tenants	2	2	2	2
Customer Concentration Risk [Member] \| Revenue Benchmark [Member] \| Two Tenants [Member]
Concentration Risk, Percentage	46%	82%	38%	87%
Prepaid Expenses and Other Assets [Member]
Deferred Rent Asset, Net, Current	$ 304		$ 304		$ 83
Consolidated Subsidiaries [Member] \| Sky Harbour LLC [Member]
Subsidiary, Ownership Percentage, Parent	100%		100%

Note 3 - Investments and Rest_3

Note 3 - Investments and Restricted Investments - Summaries of the Amortized Cost, Unrealized Gains, Unrealized Losses, and Fair Value by Investment Type (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Investments, available for sale, amortized cost	$ 16,534	$ 24,997
Investments, available for sale, gross unrealized gains	298	65
Investments, available for sale, gross unrealized losses	0	(167)
Investments, available for sale, estimated fair value	16,832	24,895
Restricted investments, held-to-maturity, amortized cost	80,183	114,648
Restricted investments, gross unrealized gains	599	299
Restricted investments, gross unrealized losses	(1,114)	(1,991)
Restricted investments, estimated fair value	79,668	112,956
US Treasury Securities [Member]
Investments, available for sale, amortized cost	16,534	24,997
Investments, available for sale, gross unrealized gains	298	65
Investments, available for sale, gross unrealized losses	0	(167)
Investments, available for sale, estimated fair value	16,832	24,895
Restricted investments, held-to-maturity, amortized cost	80,183	114,648
Restricted investments, gross unrealized gains	599	299
Restricted investments, gross unrealized losses	(1,114)	(1,991)
Restricted investments, estimated fair value	$ 79,668	$ 112,956

Note 3 - Investments and Rest_4

Note 3 - Investments and Restricted Investments - Investments and Restricted Investments (Details) $ in Thousands	Sep. 30, 2023 USD ($)
Investments, due within one year	$ 16,832
Restricted investments, due within one year	63,432
Investments,due on year through five years	0
Restricted investments, due on year through five years	16,751
Investments, total	16,832
Restricted investments, total	$ 80,183

Note 4 - Cost of Construction_3

Note 4 - Cost of Construction and Constructed Assets (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Asset under Construction [Member]
Depreciation	$ 449	$ 135	$ 1,289	$ 409

Note 4 - Cost of Construction_4

Note 4 - Cost of Construction and Constructed Assets - Constructed Assets, Net and Cost of Construction (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Asset under Construction [Member]
Property, Plant and Equipment, Gross	$ 80,611	$ 40,921
Accumulated depreciation	(2,501)	(1,212)
Property, Plant and Equipment, Net	78,110	39,709
OPF (Phase II), APA (Phase I), DVT (Phase I), and ADS (Phase I & II)	78,110	39,709
Construction in Progress [Member]
Property, Plant and Equipment, Net	48,153	48,242
OPF (Phase II), APA (Phase I), DVT (Phase I), and ADS (Phase I & II)	$ 48,153	$ 48,242

Note 5 - Long-lived Assets (Det

Note 5 - Long-lived Assets (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Equipment and Software [Member]
Depreciation	$ 221	$ 13	$ 361	$ 38
Construction in Progress [Member]
Depreciation	59		178
Equipment [Member]
Property, Plant, and Equipment, Not in Service	$ 435		$ 435		$ 650

Note 5 - Long-lived Assets - Lo

Note 5 - Long-lived Assets - Long-lived Assets, Net (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Equipment [Member]
Property, Plant and Equipment, Gross	$ 1,034	$ 485
Machinery and Equipment [Member]
Property, Plant and Equipment, Gross	3,710	0
Building [Member]
Property, Plant and Equipment, Gross	5,380	0
Land [Member]
Property, Plant and Equipment, Gross	1,620	0
Other Equipment and Fixtures [Member]
Property, Plant and Equipment, Gross	531	110
Purchase deposits and Construction in Progress [Member]
Property, Plant and Equipment, Gross	435	650
Equipment and Software [Member]
Property, Plant and Equipment, Gross	12,710	1,245
Accumulated depreciation	(635)	(95)
Property, Plant and Equipment, Net	$ 12,075	$ 1,150

Note 6 - Supplemental Balance_3

Note 6 - Supplemental Balance Sheet and Cash Flow Information (Details Textual) - Rapidbuilt Acquisition [Member] $ in Thousands	May 12, 2023 USD ($)
Business Acquisition, Percentage of Voting Interests Acquired	51%
Business Combination, Consideration Transferred, Receivable	$ 44
Overflow [Member] \| Weatherford Steel Buildings Holdings LLC [Member]
Subsidiary, Ownership Percentage, Parent	50%
Overflow [Member] \| Weatherford Steel Buildings GP LLC [Member]
Subsidiary, Ownership Percentage, Parent	1%

Note 6 - Supplemental Balance_4

Note 6 - Supplemental Balance Sheet and Cash Flow Information - Schedule of Business Acquisition (Details) - Rapidbuilt Acquisition [Member] $ in Thousands	May 12, 2023 USD ($)
Cash	$ 293
Restricted Cash	1,500
Long-lived assets	10,821
Total assets	12,614
Accounts payable, accrued expenses and other liabilities	1,496
Loans payable and finance lease liabilities	11,074
Total liabilities	12,570
Total fair value of net assets acquired	44
Effective settlement of net receivable from Rapidbuilt	44
Total consideration transferred	$ 44

Note 6 - Supplemental Balance_5

Note 6 - Supplemental Balance Sheet and Cash Flow Information - Accounts Payable, Accrued Expenses and Other Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Costs of construction	$ 6,317	$ 6,098
Employee compensation and benefits	1,530	2,047
Interest	1,739	3,470
Professional Fees	1,698	1,621
Other	2,619	948
Accounts Payable and Accrued Liabilities	$ 13,903	$ 14,184

Note 6 - Supplemental Balance_6

Note 6 - Supplemental Balance Sheet and Cash Flow Information - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Accrued costs of construction, including capitalized interest	$ 8,593	$ 10,121
Accrued costs of long-lived assets	47	0
Accrued equity issuance costs	0	1,500
Debt issuance costs and premium amortized to cost of construction	158	228
Right-of-use assets obtained in exchange for operating lease liabilities	1,368	2,876
Net decrease in right-of-use assets and operating lease liabilities due to lease remeasurement	(206)	(12,189)
Interest paid	7,256	5,533
Cash, beginning of year	2,174	6,805
Restricted cash, beginning of year	39,222	197,130
Cash and restricted cash, beginning of year	41,396	203,935
Cash, end of period	2,471	3,796
Restricted cash, end of period	34,289	38,392
Cash and restricted cash, end of period	$ 36,760	$ 42,188

Note 7 - Leases (Details Textua

Note 7 - Leases (Details Textual)	1 Months Ended
Note 7 - Leases (Details Textual)	Jan. 31, 2023	Sep. 30, 2023
Minimum [Member]
Lessor, Operating Lease, Term of Contract (Year)		1 year
Maximum [Member]
Lessor, Operating Lease, Term of Contract (Year)		10 years
Ground Leases at SGR, OPF, and BNA [Member] \| Minimum [Member]
Lessee, Operating Lease, Term of Contract (Year)		25 years
Ground Leases at SGR, OPF, and BNA [Member] \| Maximum [Member]
Lessee, Operating Lease, Term of Contract (Year)		73 years
ADS Expansion Parcels, Lease Agreement[Member]
Lessee, Operating Lease, Term of Contract (Year)	40 years
Number of Additional Parcels of Land	2

Note 7 - Leases - Supplemental

Note 7 - Leases - Supplemental Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Operating cash flows from operating leases as lessee	$ 1,504	$ 1,384
Operating leases as lessee (in years) (Year)	54 years 3 months 18 days		55 years 3 months 18 days
Operating leases as lessee	4.65%		4.62%

Note 7 - Leases - Future Minimu

Note 7 - Leases - Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
2023 (remainder of year), Operating Lease	$ 482
2023 (remainder of year), Finance Lease	8
2024, Operating Lease	2,137
2024, Finance Lease	29
2025, Operating Lease	2,379
2025, Finance Lease	23
2026, Operating Lease	2,431
2026, Finance Lease	17
2027, Operating Lease	2,494
2027, Finance Lease	2
Thereafter, Operating Lease	199,870
Thereafter, Finance Lease	0
Total lease payments, Operating Lease	209,793
Total lease payments, Finance Lease	79
Less imputed interest, Operating Lease	(154,766)
Less imputed interest, Finance Lease	(5)
Total, Operating Lease	55,027	$ 53,531
Total, Finance Lease	$ 74

Note 7 - Leases - Non-cancelabl

Note 7 - Leases - Non-cancelable Future Minimum Lease Payments from Tenants (Details) $ in Thousands	Sep. 30, 2023 USD ($)
2023 (remainder of year)	$ 1,639
2024	6,133
2025	5,474
2026	3,352
2027	2,478
Thereafter	3,294
Total lease payments	22,370
Less rent concessions to be applied at Company’s discretion	(214)
Total	$ 22,156

Note 8 - Bonds Payable and In_3

Note 8 - Bonds Payable and Interest (Details Textual) - USD ($) $ in Thousands		3 Months Ended	9 Months Ended
	May 12, 2023	Sep. 30, 2023	Sep. 30, 2023	Dec. 31, 2022	May 20, 2021
Long-Term Debt		$ 162,368	$ 162,368	$ 162,210
Series 2021 Bonds [Member]
Long-Term Debt, Gross		166,340	166,340	166,340	$ 166,300
Debt Instrument, Unamortized Premium, Total		249	249	249	200
Long-Term Debt		162,368	162,368	162,210
Series 2021 Bonds [Member] \| Fair Value, Inputs, Level 2 [Member]
Long-Term Debt, Fair Value		$ 117,300	$ 117,300	$ 119,500
Series 2021 Bonds [Member] \| Tranche One [Member]
Long-Term Debt, Gross					$ 21,100
Debt Instrument, Interest Rate, Stated Percentage					4%
Series 2021 Bonds [Member] \| Tranche Two [Member]
Long-Term Debt, Gross					$ 30,400
Debt Instrument, Interest Rate, Stated Percentage					4%
Series 2021 Bonds [Member] \| Tranche Three [Member]
Long-Term Debt, Gross					$ 114,800
Debt Instrument, Interest Rate, Stated Percentage					4.25%
Overflow Loan [Member]
Long-Term Debt	$ 10,300
Long-Term Debt, Weighted Average Interest Rate, over Time		8.53%	8.44%
Overflow Loan [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	3%

Note 8 - Bonds Payable, Loans P

Note 8 - Bonds Payable, Loans Payable and Interest - Bonds Payable (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022	May 20, 2021
Total Bonds payable, net	$ 162,368	$ 162,210
Series 2021 Bonds [Member]
Series 2021 Bonds Principal	166,340	166,340	$ 166,300
Premium on bonds	249	249	$ 200
Bond proceeds	166,589	166,589
Debt issuance costs	(4,753)	(4,753)
Accumulated amortization of debt issuance costs and accretion of bond premium	532	374
Total Bonds payable, net	$ 162,368	$ 162,210

Note 8 - Bonds Payable, Loans_2

Note 8 - Bonds Payable, Loans Payable and Interest - Interest Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Interest	$ 1,969	$ 1,735	$ 5,522	$ 5,205
Accretion of bond premium and amortization of debt issuance costs	52	75	158	228
Total interest incurred	2,021	1,810	5,680	5,433
Less: capitalized interest	(1,787)	(1,810)	(5,364)	(5,433)
Interest expense	$ 234	$ 0	$ 316	$ 0

Note 9 - Warrants (Details Text

Note 9 - Warrants (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Oct. 26, 2020
Fair Value Adjustment of Warrants	$ (1,597)	$ (1,452)	$ 0	$ (2,904)
Public Warrants [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)						6,799,439
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)						$ 11.5
Private Placement Warrant [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)						7,719,779
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)					$ 11.5	$ 11.5
Class of Warrant or Right, Outstanding (in shares)	6,798,964		6,798,964		7,719,779
Class of Warrants and Rights Outsanding, Price (in dollars per share)	$ 0.2		$ 0.2		$ 0.2
Warrants and Rights Outstanding	$ 2,900		$ 2,900		$ 2,900
Fair Value Adjustment of Warrants	$ (1,600)	$ 1,500	$ 0	$ 2,900

Note 10 - Equity and Redeemab_2

Note 10 - Equity and Redeemable Equity (Details Textual) - shares	Sep. 30, 2023	Dec. 31, 2022	Aug. 18, 2022
Sky Harbour LLC [Member] \| LLC Interests and TRA Holders [Member]
Subsidiary, Ownership Percentage, Noncontrolling Owner	73.80%
Overflow [Member] \| Former Majority Shareholder [Member]
Subsidiary, Ownership Percentage, Noncontrolling Owner	49%
Common Class A [Member]
Common Stock, Shares, Outstanding (in shares)	15,252,574	14,962,831
Common Stock, Shares, Issued (in shares)	15,252,574	14,962,831
Common Class A [Member] \| Common Stock Purchase Agreement [Member]
Share Purchase Right, Shares to be Purchased (in shares)			10,000,000
Share Purchase Right, Price Modifier			0.97
Common Stock, Shares, Issued (in shares)		25,000
Share Purchase Right, Contingent Commitment Shares (in shares)			75,000
Common Class A [Member] \| Common Stock Purchase Agreement [Member] \| Minimum [Member]
Share Purchase Right, Shares to be Purchased (in shares)			1,000,000
Share Purchase Right, Total Aggregate Number of Shares			20%
Common Class B [Member]
Common Stock, Shares, Outstanding (in shares)	42,046,356	42,192,250
Common Stock, Shares, Issued (in shares)	42,046,356	42,192,250

Note 11 - Equity Compensation (

Note 11 - Equity Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Feb. 28, 2023	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Sky Incentive Units [Member] \| Sky Harbour LLC and Subsidiaries (Sky) [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount		$ 500		$ 500
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)				1 year 7 months 6 days
Sky Incentive Units [Member] \| Sky Harbour LLC and Subsidiaries (Sky) [Member] \| General and Administrative Expense [Member]
Share-Based Payment Arrangement, Expense		$ 72	$ 85	$ 238	$ 256
The 2022 Incentive Award Plan [Member] \| Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value (in dollars per share)		$ 6.53		$ 6.53
Share-Based Payment Arrangement, Expense		$ 500	$ 300	$ 1,400	$ 500
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number (in shares)		956,869		956,869
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount		$ 5,800		$ 5,800
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)				3 years
The 2022 Incentive Award Plan [Member] \| Restricted Stock Units (RSUs) [Member] \| Share-Based Payment Arrangement, Employee [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	545,522
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value (in dollars per share)	$ 5.75
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	4 years

Note 12 - Earnings (Loss) Per_3

Note 12 - Earnings (Loss) Per Share - Schedule of Loss Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended					9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Net income (loss)	$ (1,999)	$ (1,634)	$ (8,761)	$ (3,092)	$ 10,263	$ (12,394)	$ (12,343)
Net income (loss), nci	(1,810)			(2,479)		(6,788)	(8,632)
Basic and diluted net loss attributable to Sky Harbour Group Corporation shareholders	$ (189)			$ (613)		$ (5,606)	$ (3,711)
Based and diluted weighted average shares of Class A Common Stock outstanding (in shares)	15,245			14,949		15,132	13,628
Loss per share of Class A Common Stock – Basic and diluted (in dollars per share)	$ (0.01)			$ (0.04)		$ (0.37)	$ (0.27)

Note 12 - Earnings (Loss) Per_4

Note 12 - Earnings (Loss) Per Share - Antidilutive Securities (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Restricted Stock Units (RSUs) [Member]
Antidilutive securities (in shares)	957	631	957	631
Warrant [Member]
Antidilutive securities (in shares)	14,519	14,519	14,519	14,519
Class B Common Stock [Member]
Antidilutive securities (in shares)	42,046	42,192	42,046	42,192
Sky Incentive Units [Member]
Antidilutive securities (in shares)	2,808	2,808	2,808	2,808

Note 13 - Related Party Trans_2

Note 13 - Related Party Transactions (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Company That Employed The Chief Financial Officer [Member] \| Employee Service [Member]
Related Party Transaction, Amounts of Transaction	$ 3	$ 40	$ 98	$ 85
Non-exclusive Agreement [Member]
Related Party Transaction, Amounts of Transaction	$ 41	$ 50	$ 157	$ 134

Note 14 - Commitments and Con_2

Note 14 - Commitments and Contingencies (Details Textual) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)
BNA Construction Project [Member]
Termination Penalty	$ 0
APA Lease [Member]
Lease Improvement Plan, Period Limitation (Month)	24 months
DVT Lease [Member]
Lease Improvement Requirement, Phase I Requirement	$ 15,300
Lease Improvement Requirement, Phase II Requirement	14,600
ADS Construction Project [Member]
Capital Improvement, Comment To Spend	$ 10,000

Note 15 - Accumulated Other C_3

Note 15 - Accumulated Other Comprehensive Income (Loss) - Accumulated Other Comprehensive Income (Loss) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)
Balance	$ 98,375
Balance	88,014
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Including Noncontrolling Interest [Member]
Balance	(102)
Other comprehensive income before reclassifications	521
Amounts reclassified to other (income) expense	(121)
Balance	298
AOCI Attributable to Parent [Member]
Balance	(102)
Other comprehensive income before reclassifications	521
Amounts reclassified to other (income) expense	(121)
Balance	$ 298

Note 16 - Subsequent Events (De

Note 16 - Subsequent Events (Details Textual) $ / shares in Units, $ in Millions	Nov. 01, 2023 USD ($) $ / shares shares	Oct. 11, 2023 a	Sep. 30, 2023 USD ($)
SGR Phase II Project [Member]
Minimum Improvement Amount \| $			$ 2
Subsequent Event [Member] \| PIPE Warrants [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)	1,141,600
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) \| $ / shares	$ 11.5
Class of Warrant or Right, Percentage of Outstanding Common Stock	130%
Subsequent Event [Member] \| Additional PIPE Warrants [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)	400,000
Subsequent Event [Member] \| Private Placement [Member]
Stock Issued During Period, Shares, New Issues (in shares)	6,586,154
Proceeds from Issuance or Sale of Equity \| $	$ 42.8
Subsequent Event [Member] \| Additional PIPE Offering [Member]
Equity Offering, Maximum Shares (in shares)	2,307,692
Equity Offering, Maximum Amount \| $	$ 15
Subsequent Event [Member] \| PWK Phase I [Member]
Area of Land (Acre) \| a		15
Subsequent Event [Member] \| PWK Phase II [Member]
Area of Land (Acre) \| a		10
Subsequent Event [Member] \| PWK Lease [Member]
Lessee, Operating Lease, Term of Contract (Year)		50 years