Sky Harbour Group Corporation has released its financial results for the first quarter of 2025, reporting a significant increase in revenues. On a consolidated basis, the company saw a 133% rise in first-quarter revenues compared to the same period in 2024, and a 20% increase from the fourth quarter of 2024. The Obligated Group Revenues specifically grew by 24% compared to the first quarter of 2024. Net cash used in operating activities was reported at $5.1 million for the quarter. This figure includes $0.3 million in start-up expenses related to the upcoming operations commencement of three new campuses and $1.4 million associated with the timing of accounts payable. As of March 31, 2025, Sky Harbour Group Corporation maintained strong liquidity and capital resources, with consolidated cash and US Treasuries totaling $97.4 million. The Obligated Group reported cash and US Treasuries amounting to $47 million. Sky Harbour also reiterated its guidance for reaching run rate breakeven operating cash flow/adjusted EBITDA on a consolidated basis by the end of 2025. This forecast is driven by expected positive cash flows from the partially opened Phoenix campus and the anticipated openings of campuses in Denver and Addison (Dallas area) in the second quarter. In terms of business updates, Sky Harbour announced the opening of a new campus in Dallas-Addison, marking a significant step in its plan to build a nationwide network of Home-Basing campuses for business aircraft.