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CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues and other income        
Total rental of flight equipment revenue $ 678,709 $ 609,505 $ 1,324,078 $ 1,223,834
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] Aircraft Sales, Trading And Other [Member] Aircraft Sales, Trading And Other [Member] Aircraft Sales, Trading And Other [Member] Aircraft Sales, Trading And Other [Member]
Gain on aircraft sales and trading and other income $ 52,987 $ 57,783 $ 145,900 $ 106,764
Total revenues and other income 731,696 667,288 1,469,978 1,330,598
Expenses        
Interest 209,087 190,004 417,661 371,599
Amortization of debt discounts and issuance costs 13,217 13,292 27,212 26,401
Interest expense 222,304 203,296 444,873 398,000
Depreciation of flight equipment 304,288 281,982 603,307 559,242
Recoveries of Russian fleet write-off (344,002) 0 (675,940) 0
Selling, general and administrative 49,851 45,432 109,199 93,175
Stock-based compensation expense 12,674 8,837 30,290 17,112
Total expenses 245,115 539,547 511,729 1,067,529
Income before taxes 486,581 127,741 958,249 263,069
Income tax expense (101,414) (24,795) (197,249) (52,257)
Net income 385,167 102,946 761,000 210,812
Preferred stock dividends (11,081) (12,508) (22,163) (22,933)
Net income attributable to common stockholders, basic 374,086 90,438 738,837 187,879
Net income attributable to common stockholders, diluted 374,086 90,438 738,837 187,879
Other comprehensive income/(loss):        
Foreign currency translation adjustment (94,267) 14,576 (121,968) 33,020
Change in fair value of hedged transactions 90,331 (15,226) 101,557 (35,086)
Total tax benefit on other comprehensive income 842 139 4,367 442
Other comprehensive income/(loss), net of tax (3,094) (511) (16,044) (1,624)
Total comprehensive income attributable to common stockholders $ 370,992 $ 89,927 $ 722,793 $ 186,255
Earnings per share of common stock:        
Basic (in dollars per share) $ 3.35 $ 0.81 $ 6.62 $ 1.69
Diluted (in dollars per share) $ 3.33 $ 0.81 $ 6.59 $ 1.68
Weighted-average shares of common stock outstanding        
Basic (in shares) 111,762,758 111,372,434 111,656,919 111,273,514
Diluted (in shares) 112,233,226 111,740,821 112,191,471 111,712,719
Lease rentals        
Revenues and other income        
Total rental of flight equipment revenue $ 647,661 $ 594,847 $ 1,284,893 $ 1,185,322
Maintenance rentals and other receipts        
Revenues and other income        
Total rental of flight equipment revenue $ 31,048 $ 14,658 $ 39,185 $ 38,512