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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Activities      
Net income/(loss) $ 614,622 $ (97,024) $ 436,632
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:      
Depreciation of flight equipment 1,068,772 965,955 882,562
Write-off of Russian fleet, net of (recoveries) (67,022) 771,476 0
Stock-based compensation expense 34,615 15,603 26,516
Deferred taxes 133,358 (43,492) 97,446
Amortization of prepaid lease costs 75,389 47,849 46,547
Amortization of discounts and debt issuance costs 54,053 53,254 50,620
Gain on aircraft sales, trading and other activity (226,945) (113,103) (46,109)
Changes in operating assets and liabilities:      
Other assets 48,310 (232,613) (176,391)
Accrued interest and other payables 13,333 255 63,112
Rentals received in advance (1,605) 13,990 (4,099)
Net cash provided by operating activities 1,746,880 1,382,150 1,376,836
Investing Activities      
Acquisition of flight equipment under operating lease (3,789,113) (2,904,723) (2,506,175)
Payments for deposits on flight equipment purchases (433,452) (518,270) (496,838)
Proceeds from aircraft sales, trading and other activity 1,684,814 235,424 137,887
Proceeds from settlement of insurance claim 64,714 0 0
Acquisition of aircraft furnishings, equipment and other assets (305,346) (216,635) (229,654)
Net cash used in investing activities (2,778,383) (3,404,204) (3,094,780)
Financing Activities      
Issuance of common stock upon exercise of options 0 0 1,438
Net proceeds from preferred stock issuance 0 0 591,340
Cash dividends paid on Class A common stock (88,792) (83,253) (73,001)
Common shares repurchased 0 (150,000) (5,780)
Cash dividends paid on preferred stock (41,700) (41,700) (28,473)
Tax withholdings on stock-based compensation (3,354) (8,903) (7,441)
Net change in unsecured revolving facility 80,000 1,020,000 0
Proceeds from debt financings 2,993,732 2,659,996 3,655,830
Payments in reduction of debt financings (2,593,338) (2,085,898) (3,194,482)
Debt issuance costs (13,052) (6,827) (10,245)
Security deposits and maintenance reserve receipts 398,345 417,224 174,521
Security deposits and maintenance reserve disbursements (15,863) (26,860) (35,238)
Net cash provided by financing activities 715,978 1,693,779 1,068,469
Net (decrease)/increase in cash (315,525) (328,275) (649,475)
Cash, cash equivalents and restricted cash at beginning of period 780,017 1,108,292 1,757,767
Cash, cash equivalents and restricted cash at end of period 464,492 780,017 1,108,292
Supplemental Disclosure of Cash Flow Information      
Cash paid during the period for interest, including capitalized interest of $43,093, $39,655 and $49,070 at December 31, 2023, 2022 and 2021, respectively 693,826 533,897 508,616
Cash paid for income taxes 7,801 6,362 5,734
Supplemental Disclosure of Noncash Activities      
Buyer furnished equipment, capitalized interest and deposits on flight equipment purchases applied to acquisition of flight equipment and other assets 827,377 914,501 1,009,554
Flight equipment subject to operating leases reclassified to flight equipment held for sale 1,730,212 377,131 72,297
Flight equipment subject to operating leases reclassified to investment in sales-type lease 66,907 255,205 27,835
Cash dividends declared on Class A common stock, not yet paid $ 23,316 $ 22,178 $ 21,088