Borrowings from Secured and Unsecured Debt Financings (Tables)

3 Months Ended

May 31, 2026

Debt Disclosure [Abstract]

Outstanding amounts of secured and unsecured term debt financings

The outstanding amounts of our secured and unsecured debt financings were as follows:

	At May 31, 2026					At February 28, 2026
Debt Obligation	Outstanding Borrowings		Number of Aircraft	Interest Rate	Final Stated Maturity	Outstanding Borrowings
Secured Debt Financings:
Other Financings(1)	$	113,337	4	2.36% to 4.14%	11/30/31 to 06/27/32	$	114,177
Less: Debt issuance costs and discounts	(1,745)					(1,822)
Total secured debt financings, net of debt issuance costs and discounts	111,592					112,355
Unsecured Debt Financings:
Senior Notes due 2026(2)	—			4.25%	06/15/26	650,000
2.850% Senior Notes due 2028	750,000			2.85%	01/26/28	750,000
6.500% Senior Notes due 2028	650,000			6.50%	07/18/28	650,000
Senior Notes due 2029	650,000			5.95%	02/15/29	650,000
5.250% Senior Notes due 2030	500,000			5.25%	03/15/30	500,000
5.000% Senior Notes due 2030	650,000			5.00%	09/15/30	650,000
5.000% Senior Notes due 2031	650,000			5.00%	05/15/31	—
5.750% Senior Notes due 2031	500,000			5.75%	10/01/31	500,000
Unsecured Term Loans	975,000			4.94% to 5.06%	04/28/30 to 05/20/31	600,000
Revolving Credit Facilities	20,000			5.56%	01/30/29	240,000
Less: Debt issuance costs and discounts	(56,605)					(50,589)
Total unsecured debt financings, net of debt issuance costs and discounts	5,288,395					5,139,411
Total secured and unsecured debt financings, net of debt issuance costs and discounts	$	5,399,987				$	5,251,766

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(1)The borrowings under these financings as of May 31, 2026, have a weighted average fixed rate of interest of 3.11%.

(2)Repaid on May 13, 2026 with no gain or loss on the early extinguishment of debt.