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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Statement of Cash Flows [Abstract]    
Net (loss) income $ (1,660,119) $ 477,905
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,215,158 788,720
Net charges related to Ukraine Conflict 2,938,487 0
Asset impairment 14,228 73,386
Amortization of debt issuance costs, debt discount, debt premium and lease premium 161,633 33,932
Amortization of fair value adjustments on debt (4,017) (8,254)
Maintenance rights write-off [1] 179,667 30,211
Maintenance liability release to income (131,427) (140,047)
Net gain on sale of assets (38,485) (27,248)
Deferred tax (benefit) expense (225,819) 82,388
Share-based compensation 54,381 41,986
Collections of finance leases 140,140 42,344
Loss on investment at fair value 12,351 2,463
Loss on debt extinguishment 2,041 6,061
Transaction and integration-related expenses 0 74,601
Other (90,383) 2,863
Changes in operating assets and liabilities:    
Trade receivables 44,327 21,394
Other assets 48,132 (198,019)
Accounts payable, accrued expenses and other liabilities (151,845) (133,183)
Net cash provided by operating activities 2,508,450 1,171,503
Purchase of flight equipment (1,328,669) (470,584)
Proceeds from sale or disposal of assets 796,373 267,779
Prepayments on flight equipment (415,070) (30,537)
Other 84,683 0
Net cash used in investing activities (862,683) (233,342)
Issuance of debt 84,996 1,320,537
Repayment of debt (2,413,244) (1,945,210)
Debt issuance and extinguishment costs paid, net of debt premium received (9,135) (221,037)
Maintenance payments received 353,522 163,280
Maintenance payments returned (172,570) (91,957)
Security deposits received 148,781 108,057
Security deposits returned (140,441) (156,314)
Dividend paid to non-controlling interest holders and others (580) (183)
Repurchase of shares and tax withholdings on share-based compensation (8,140) (16,503)
Net cash used in financing activities (2,156,811) (839,330)
Net (decrease) increase in cash, cash equivalents and restricted cash (511,044) 98,831
Effect of exchange rate changes (1,260) (756)
Cash, cash equivalents and restricted cash at beginning of period 1,914,753 1,495,290
Cash, cash equivalents and restricted cash at end of period 1,402,449 1,593,365
Supplemental cash flow information:    
Interest paid, net of amounts capitalized 760,509 564,071
Income taxes paid (refunded), net $ 1,203 $ (201)
[1] Maintenance rights write-off consisted of the following:
End-of-Lease (“EOL”) and Maintenance Reserve (“MR”) contract maintenance rights expense$166,512 $6,170 
MR contract maintenance rights write-off offset by maintenance liability release242,142 7,340 
EOL contract maintenance rights write-off offset by EOL compensation received65,506 16,701 
EOL and MR contract maintenance rights write-off related to the Ukraine conflict
(294,493)— 
Maintenance rights write-off$179,667 $30,211