Lease Rental Revenues

3 Months Ended

May 31, 2024

Leases [Abstract]

Lease Rental Revenues

Note 4. Lease Rental Revenues

Minimum future lease rentals contracted to be received under our existing operating leases of flight equipment at May 31, 2024 were as follows:

Year Ending February 28/29,	Amount(1)
2025 (Remainder of fiscal year)	$	486,338
2026	568,827
2027	499,094
2028	413,929
2029	327,574
Thereafter	829,457
Total	$	3,125,219

_______________

(1)Reflects impact of lessee lease rental deferrals.

At May 31, 2024 and February 29, 2024, the amounts of lease incentive liabilities recorded in maintenance payments on our consolidated balance sheets were $29.6 million and $26.6 million, respectively.