Earnings Per Unit (Tables)

12 Months Ended

Dec. 31, 2025

Earnings Per Share [Abstract]

Schedule of Reconciliations of Numerator and Denominator in Calculations of Basic and Diluted Earnings per Share and per Unit

Reconciliations of the numerator and denominator in the calculations of basic and diluted earnings per unit for the years ended December 31, 2025, 2024, and 2023 are as follows (in thousands, except per unit data):

	2025		2024		2023
Earnings per unit
Numerator:
Basic net income (loss) attributable to the AIR Operating Partnership’s common unitholders	$	177,760	$	(367,019)	$	677,165
Effect of dilutive instruments	—		—		6,280
Dilutive net income (loss) attributable to the AIR Operating Partnership’s common unitholders	$	177,760	$	(367,019)	$	683,445
Denominator – units:
Basic weighted-average common units outstanding	151,642		154,016		157,687
Dilutive common unit equivalents outstanding	318		—		2,321
Dilutive weighted-average common units outstanding	151,960		154,016		160,008
Earnings per unit – basic	$	1.17	$	(2.38)	$	4.29
Earnings per unit – diluted	$	1.17	$	(2.38)	$	4.27