Saker Aviation Services, INC
Market Movers (8-K)
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Marc Chodock resigned from his position as a director of Saker Aviation Services, Inc. effective immediately on April 29, 2025.
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Saker Aviation Services, Inc. will lose its exclusive right to operate the Downtown Manhattan Heliport on March 29, 2025, as the NYCEDC terminates their agreement.
Worse than expected
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Roy Moskowitz resigned from his position as a director of Saker Aviation Services, Inc. effective immediately on February 27, 2025.
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Saker Aviation Services has appointed William Wachtel as President, CEO, Treasurer, and Secretary, following the departure of Samuel Goldstein.
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Saker Aviation Services has been notified that it will not be awarded the concession agreement for the Downtown Manhattan Heliport, potentially ending its revenue-generating operations.
Worse than expected
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Saker Aviation Services has been ordered to pay $1.4 million to Empire Aviation following an arbitration decision regarding disputed management fees.
Worse than expected
Quarterly Earnings (10-Q)
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Saker Aviation Services, Inc. reported a significant net loss for Q3 2025 and the nine months ended September 30, 2025, following the termination of its Downtown Manhattan Heliport concession agreement and cessation of operations.
Worse than expected
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Saker Aviation Services reports a significant net loss and zero revenue in Q3 2025 following the termination of its sole operating concession for the Downtown Manhattan Heliport.
Worse than expected
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Saker Aviation Services, Inc. reported a significant net loss for Q2 2025, with revenue dropping to zero following the termination of its Downtown Manhattan Heliport concession.
Worse than expected
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10-Q: Saker Aviation Services Reports Q1 2025 Results, Revenue Declines Amid Heliport Concession Loss
Saker Aviation Services' Q1 2025 revenue decreased by 5.8% year-over-year, and the company reported a net loss due to the termination of its Downtown Manhattan Heliport concession agreement.
Worse than expected
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Saker Aviation Services saw a slight revenue increase but a decrease in profitability for the third quarter of 2024, primarily due to higher operating costs associated with a new interim agreement.
Worse than expected
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Saker Aviation Services experienced a decrease in net income for the second quarter of 2024, impacted by increased operating costs and a significant litigation expense, despite a slight increase in revenue.
Worse than expected
Annual Reports (10-K)
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Saker Aviation Services, Inc. reports a significant net loss and revenue decline in FY2025 following the termination of its Downtown Manhattan Heliport concession and a strategic pivot to financial advisory services.
Worse than expected
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Saker Aviation Services reports a decrease in net income for FY 2024 and the termination of its Downtown Manhattan Heliport concession agreement, prompting a search for alternative revenue streams.
Worse than expected
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Saker Aviation Services saw a significant increase in revenue and profitability in 2023, driven by increased activity at its Downtown Manhattan Heliport, while navigating a transition in its operating agreements.
Better than expected
Delay expected
Insider Trading (Form 4)
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Saker Aviation Services' President and CEO, William B. Wachtel, reported exercising stock options and receiving a new option grant, increasing his direct common stock ownership.
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William Wachtel, CEO of Saker Aviation Services, reports the acquisition and disposal of common stock and stock options.
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Marc Chodock, along with related entities, reports a transaction involving Saker Aviation Services, Inc. common stock and stock options.
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Director Roy Moskowitz of Saker Aviation Services reported the acquisition of stock options and no change in direct ownership of common stock.
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Form 4: Saker Aviation Services Director William Wachtel Reports Stock Option Exercise and Share Sale
Director William Wachtel of Saker Aviation Services exercised stock options and sold a portion of the acquired shares, according to a recent SEC filing.
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Marc Chodock, a director and 10% owner of Saker Aviation Services, acquired stock options on December 1, 2024, under the company's 2019 Stock Incentive Plan.
Schedule 13D - Activist Investments
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Eriksen Capital Management and Cedar Creek Partners have filed a Schedule 13D disclosing a combined 17.5% beneficial ownership stake in Saker Aviation Services, Inc.
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SCHEDULE 13D/A: Saker Aviation Services CEO Boosts Stake with Nearly $1 Million Stock and Option Purchase
William B. Wachtel, President and CEO of Saker Aviation Services, Inc., significantly increased his beneficial ownership to 30.6% by acquiring 108,817 shares and options for 16,665 shares for a total of $992,652.02.
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SCHEDULE 13D/A: Saker Aviation CEO Acquires Significant Stake from Exiting Fund in Nearly $1 Million Secondary Sale
Saker Aviation Services, Inc.'s President and CEO, William B. Wachtel, has purchased 108,817 shares and options for 16,665 shares from ACM Value Opportunities Fund I, L.P. for an aggregate price of $992,652.02, marking the fund's complete exit from its beneficial ownership.
Schedule 13G - Passive Investments
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Eriksen Capital Management LLC has reported an increased beneficial ownership of 13.3% in Saker Aviation Services, Inc., holding 132,551 common shares.
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Eriksen Capital Management LLC has filed an amended Schedule 13G, reporting a beneficial ownership of 11.2% of Saker Aviation Services, Inc.'s common shares as of December 31, 2024.