Saker Aviation Services, Inc. (SKAS) filed its Q3 2025 10-Q confirming its status as a Shell Company following the effective termination of its Downtown Manhattan Heliport Concession Agreement on March 29, 2025. Management warns that operations may cease if alternative revenue streams are not secured.
Financial Performance (9 Months Ended Sept 30, 2025) Revenue collapsed to \(1.26 Million year over year, down from \)6.47 Million in 2024. The company recorded a Net Loss of \((944,870)\), reversing the prior year’s Net Income of $736,868. Q3 2025 revenue was zero, resulting in an operating loss
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