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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Feb. 29, 2024
Feb. 28, 2023
Feb. 28, 2022
Revenues:      
Lease rental revenue $ 603,571 $ 586,508 $ 595,236
Direct financing and sales-type lease revenue 16,503 9,030 10,733
Amortization of lease premiums, discounts and incentives (20,420) (20,574) (20,190)
Maintenance revenue 132,179 138,099 152,030
Total lease revenue 731,833 713,063 737,809
Gain on sale or disposition of flight equipment 121,646 70,860 26,001
Other revenue 1,937 12,110 5,977
Total revenues 855,416 796,033 769,787
Operating expenses:      
Depreciation 348,229 332,663 337,528
Interest, net 229,050 204,606 214,352
Selling, general and administrative 82,127 76,857 66,338
Provision for credit losses 12,081 1,507 930
Impairment of flight equipment 55,240 85,623 452,250
Maintenance and other costs 29,884 22,196 31,166
Total operating expenses 756,611 723,452 1,102,564
Other income (expense):      
Loss on extinguishment of debt 0 (636) (14,156)
Other 5,571 14,092 57,682
Total other income 5,571 13,456 43,526
Income (loss) from continuing operations before income taxes and earnings of unconsolidated equity method investment 104,376 86,037 (289,251)
Income tax provision (benefit) 23,265 25,466 (7,998)
Earnings of unconsolidated equity method investment, net of tax 2,205 2,188 3,044
Net income (loss) 83,316 62,759 (278,209)
Preference share dividends (21,000) (21,000) (16,159)
Income from continuing operations available to common shareholders — Basic 62,316 41,759 (294,368)
Total comprehensive income $ 62,316 $ 41,759 $ (294,368)