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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Statement of Cash Flows [Abstract]    
Net income $ 1,902,070 $ 1,052,377
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,328,667 1,269,897
Net recoveries related to Ukraine Conflict (972,822) (22,749)
Asset impairment 5,609 30,356
Amortization of debt issuance costs, debt discount, debt premium and lease premium 90,471 116,181
Maintenance rights write-off [1] 72,473 184,118
Maintenance liability release to income (76,389) (112,413)
Net gain on sale of assets (234,016) (289,039)
Deferred tax expense 266,748 148,777
Share-based compensation 100,214 57,668
Collections of finance leases 157,021 203,113
Loss on investments at fair value 23,928 4,684
Loss on debt extinguishment 1,982 7,020
Other (78,319) (4,719)
Changes in operating assets and liabilities:    
Trade receivables 13,749 24,305
Other assets 90,233 165,557
Accounts payable, accrued expenses and other liabilities (25,169) (50,620)
Net cash provided by operating activities 2,666,450 2,784,513
Purchase of flight equipment (1,684,831) (2,177,406)
Proceeds from sale or disposal of assets 875,073 1,527,481
Prepayments on flight equipment (1,286,084) (1,077,429)
Cash proceeds from insurance claim settlements 824,167 0
Other (27,328) 34,939
Net cash used in investing activities (1,299,003) (1,692,415)
Issuance of debt 3,585,969 2,796,670
Repayment of debt (2,766,797) (3,579,662)
Debt issuance and extinguishment costs paid, net of debt premium received (28,847) (37,165)
Maintenance payments received 462,937 442,130
Maintenance payments returned (81,268) (178,364)
Security deposits received 198,465 122,433
Security deposits returned (96,961) (105,500)
Repurchase of shares and tax withholdings on share-based compensation (1,104,219) (722,974)
Dividends paid on ordinary shares (95,363) (41,806)
Net cash provided by (used in) financing activities 73,916 (1,304,238)
Net increase (decrease) in cash, cash equivalents and restricted cash 1,441,363 (212,140)
Effect of exchange rate changes 3,204 (1,091)
Cash, cash equivalents and restricted cash at beginning of period 1,401,582 1,825,466
Cash, cash equivalents and restricted cash at end of period 2,846,149 1,612,235
Supplemental cash flow information:    
Interest paid, net of amounts capitalized 968,924 868,666
Income taxes paid, net 13,285 14,263
End-of-Lease (“EOL”) and Maintenance Reserve (“MR”) contract maintenance rights expense 36,035 51,841
MR contract maintenance rights write-off offset by maintenance liability release 11,066 34,988
EOL contract maintenance rights write-off offset by EOL compensation received 25,372 97,289
Maintenance rights write-off [1] $ 72,473 $ 184,118
[1] Maintenance rights write-off consisted of the following:
End-of-Lease (“EOL”) and Maintenance Reserve (“MR”) contract maintenance rights expense$36,035 $51,841 
MR contract maintenance rights write-off offset by maintenance liability release11,066 34,988 
EOL contract maintenance rights write-off offset by EOL compensation received25,372 97,289 
Maintenance rights write-off$72,473 $184,118