Saker Aviation Services (SKAS) Q2 2026 earnings summary

Executive summary

• Transitioned from heliport operations to providing strategic financial advisory services after ceasing Downtown Manhattan Heliport operations in March 2025.

• Revenue for the six months ended June 30, 2026, was $30,000, all from advisory services, compared to $1,260,756 in the prior year from heliport operations.

• Net loss for the six months ended June 30, 2026, was $244,510, a significant improvement from a net loss of $780,939 in the prior year.

Financial highlights

• Revenue decreased to $30,000 for the six months ended June 30, 2026, from $1,260,756 year-over-year.

• Gross loss of $18,750 for the six months ended June 30, 2026, versus gross profit of $511,360 in the prior year.

• Operating loss improved to $401,935 from $865,004 year-over-year.

• Interest income was $156,616 for the six months ended June 30, 2026.

• Cash and cash equivalents were $4,249,563 as of June 30, 2026.

Outlook and guidance

• Results for 2026 reflect only financial advisory services, with no expectation of heliport-related revenue.

• Ongoing litigation may impact future operations and financial position.