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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Aug. 31, 2025
Aug. 31, 2024
Aug. 31, 2025
Aug. 31, 2024
Revenues:        
Lease rental revenue $ 190,116 $ 162,379 $ 373,159 $ 324,949
Direct financing and sales-type lease revenue 5,191 5,426 10,333 10,883
Amortization of lease premiums, discounts and incentives (1,513) (6,068) 1,253 (12,717)
Maintenance revenue 9,708 19,378 47,840 61,527
Total lease revenue 203,502 181,115 432,585 384,642
Gain on sale or disposition of flight equipment 23,889 35,416 54,178 36,426
Other revenue 119 137 591 773
Total revenues 227,510 216,668 487,354 421,841
Operating expenses:        
Depreciation 96,762 87,675 192,578 177,033
Interest, net 70,529 62,424 139,370 127,237
Selling, general and administrative 24,247 20,090 44,938 42,145
Provision for credit losses (116) 426 26 281
Impairment of flight equipment 31,153 5,761 36,219 10,972
Maintenance and other costs 3,977 4,096 8,221 8,539
Total operating expenses 226,552 180,472 421,352 366,207
Other (expense) income:        
Gain (loss) on extinguishment of debt 0 285 (2,973) 285
Other 61,041 726 60,585 422
Total other income 61,041 1,011 57,612 707
Income from continuing operations before income taxes and earnings of unconsolidated equity method investment 61,999 37,207 123,614 56,341
Income tax provision 5,228 9,028 17,949 12,600
Earnings of unconsolidated equity method investment, net of tax 462 480 855 999
Net income 57,233 28,659 106,520 44,740
Preference share dividends (10,500) (10,500) (10,500) (10,500)
Net income available to common shareholders 46,733 18,159 96,020 34,240
Total comprehensive income available to common shareholders $ 46,733 $ 18,159 $ 96,020 $ 34,240