CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Assets
Cash and cash equivalents	$ 456,623	$ 472,554
Restricted cash	3,990	3,550
Flight equipment subject to operating leases	34,875,183	34,168,919
Less accumulated depreciation	(6,268,070)	(5,998,453)
Flight equipment subject to operating leases, net	28,607,113	28,170,466
Deposits on flight equipment purchases	771,895	761,438
Other assets	2,522,376	2,869,888
Total assets	32,361,997	32,277,896
Liabilities and Shareholders’ Equity
Accrued interest and other payables	1,167,217	1,272,984
Debt financing, net of discounts and issuance costs	19,890,883	20,209,985
Security deposits and maintenance reserves on flight equipment leases	1,898,902	1,805,338
Rentals received in advance	127,617	136,566
Deferred tax liability	1,412,193	1,320,397
Total liabilities	24,496,812	24,745,270
Shareholders’ Equity
Preferred Stock, $0.01 par value; 50,000,000 shares authorized; 900,000 (aggregate liquidation preference of $900,000) shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively	9	9
Paid-in capital	3,370,053	3,364,712
Retained earnings	4,487,382	4,147,218
Accumulated other comprehensive income	6,623	19,573
Total shareholders’ equity	7,865,185	7,532,626
Total liabilities and shareholders’ equity	32,361,997	32,277,896
Class A Common Stock
Shareholders’ Equity
Common stock	1,118	1,114
Class B Non‑Voting Common Stock
Shareholders’ Equity
Common stock	$ 0	$ 0