CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Operating Activities
Net income	$ 375,832	$ 107,866
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of flight equipment	299,019	277,260
Recoveries of Russian fleet write-off	(331,938)	0
Stock-based compensation expense	17,616	8,275
Deferred taxes	95,322	26,687
Amortization of discounts and debt issuance costs	13,995	13,108
Amortization of prepaid lease costs	22,704	24,336
Gain on aircraft sales, trading and other activity	(68,838)	(51,346)
Changes in operating assets and liabilities:
Other assets	7,817	(16,829)
Accrued interest and other payables	(34,234)	(12,438)
Rentals received in advance	(8,949)	(5,589)
Net cash provided by operating activities	388,346	371,330
Investing Activities
Acquisition of flight equipment	(585,725)	(706,179)
Payments for deposits on flight equipment purchases	(179,774)	0
Proceeds from aircraft sales, trading and other activity	407,624	200,401
Proceeds from settlement of insurance claim	328,546	0
Acquisition of aircraft furnishings, equipment and other assets	(72,871)	(124,546)
Net cash used in investing activities	(102,200)	(630,324)
Financing Activities
Cash dividends paid on Class A common stock	(24,503)	(23,316)
Cash dividends paid on preferred stock	(11,081)	(10,425)
Tax withholdings on stock-based compensation	(12,271)	(9,384)
Net change in unsecured revolving facilities	30,000	353,000
Net change in commercial paper balance	888,500	0
Proceeds from debt financings	199,950	1,428,212
Payments in reduction of debt financings	(1,477,864)	(1,476,877)
Debt issuance costs	(1,385)	(1,694)
Security deposits and maintenance reserve receipts	114,436	93,464
Security deposits and maintenance reserve disbursements	(7,419)	(2,553)
Net cash (used in)/provided by financing activities	(301,637)	350,427
Net (decrease)/increase in cash	(15,491)	91,433
Cash, cash equivalents and restricted cash at beginning of period	476,104	464,492
Cash, cash equivalents and restricted cash at end of period	460,613	555,925
Supplemental Disclosure of Cash Flow Information
Cash paid during the period for interest, including capitalized interest of $7,860 and $11,412 at March 31, 2025 and 2024, respectively	237,890	203,581
Cash paid for income taxes	38	3,033
Supplemental Disclosure of Noncash Activities
Buyer furnished equipment, capitalized interest and deposits on flight equipment purchases applied to acquisition of flight equipment and other assets	214,047	155,214
Flight equipment subject to operating leases reclassified to flight equipment held for sale	60,572	276,094
Transfer of flight equipment to investment in sales-type lease	33,778	33,629
Cash dividends declared on Class A common stock, not yet paid	$ 24,587	$ 23,387