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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Statement of Cash Flows [Abstract]      
Net income (loss) $ 2,098,625 $ 3,147,845 $ (721,158)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 2,580,037 2,480,578 2,389,807
Net (recoveries) charges related to Ukraine Conflict (194,750) (1,269,471) 2,922,350
Asset impairment 49,766 86,855 96,591
Amortization of debt issuance costs, debt discount, debt premium and lease premium 223,649 253,003 338,032
Maintenance rights write-off [1] 342,933 328,239 389,852
Maintenance liability release to income (163,405) (203,440) (203,490)
Net gain on sale of assets (651,142) (489,620) (228,930)
Deferred tax expense (benefit) 250,504 280,069 (9,586)
Share-based compensation 111,140 97,058 102,848
Collections of finance leases 367,173 407,204 630,427
(Gain) loss on investments at fair value (5,238) (2,334) 17,676
Loss (gain) on debt extinguishment 13,450 4,097 (2,041)
Other 165,357 (7,392) (161,933)
Changes in operating assets and liabilities:      
Trade receivables 5,852 56,442 39,162
Other assets 241,143 (128,459) 113,374
Accounts payable, accrued expenses and other liabilities 1,549 220,761 (542,019)
Net cash provided by operating activities 5,436,643 5,261,435 5,170,962
Purchase of flight equipment (5,062,507) (4,662,680) (3,480,074)
Proceeds from sale or disposal of assets 2,674,974 2,121,507 1,635,777
Prepayments on flight equipment (1,553,851) (1,569,706) (391,498)
Cash proceeds from insurance claim settlements 172,000 1,254,400 0
Net proceeds from (issuances of) loans receivable 72,458 (300,329) 52,682
Other (27,281) (26,160) 22,614
Net cash used in investing activities (3,724,207) (3,182,968) (2,160,499)
Issuance of debt 7,641,379 6,550,992 467,996
Repayment of debt (8,799,950) (6,568,370) (4,230,082)
Debt issuance and extinguishment costs paid, net of debt premium received (106,512) (85,408) 379
Maintenance payments received 920,932 817,229 779,824
Maintenance payments returned (248,017) (201,474) (245,294)
Security deposits received 344,816 480,950 332,822
Security deposits returned (224,846) (256,015) (245,084)
Redemption of non-controlling interest and dividends paid to non-controlling interest holders 0 (112,034) (3,957)
Repurchase of shares and tax withholdings on share-based compensation (1,520,320) (2,637,589) (17,419)
Dividends paid on ordinary shares (139,991) 0 0
Net cash used in financing activities (2,132,509) (2,011,719) (3,160,815)
Net (decrease) increase in cash, cash equivalents and restricted cash (420,073) 66,748 (150,352)
Effect of exchange rate changes (3,811) 1,948 (7,631)
Cash, cash equivalents and restricted cash at beginning of period 1,825,466 1,756,770 1,914,753
Cash, cash equivalents and restricted cash at end of period 1,401,582 1,825,466 1,756,770
Supplemental cash flow information:      
Interest paid, net of amounts capitalized 1,806,214 1,650,319 1,565,163
Income taxes paid (refunded), net $ 34,032 $ 23,219 $ (567)
[1] Maintenance rights write-off consisted of the following:
End-of-lease (“EOL”) and Maintenance Reserve (“MR”) contract maintenance
rights expense
144,726 207,552 $232,622 
MR contract maintenance rights write-off offset by maintenance liability release38,525 17,747 260,245 
EOL contract maintenance rights write-off offset by EOL compensation received159,682 102,940 191,478 
EOL and MR contract maintenance rights write-off related to the Ukraine Conflict — — (294,493)
Maintenance rights write-off$342,933 $328,239 $389,852