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CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues and other income        
Total rental of flight equipment revenue $ 680,901 $ 625,180 $ 2,004,978 $ 1,849,014
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] Aircraft Sales, Trading And Other [Member] Aircraft Sales, Trading And Other [Member] Aircraft Sales, Trading And Other [Member] Aircraft Sales, Trading And Other [Member]
Gain on aircraft sales and trading and other income $ 44,492 $ 64,984 $ 190,392 $ 171,748
Total revenues and other income 725,393 690,164 2,195,370 2,020,762
Expenses        
Interest 215,501 203,092 633,162 574,691
Amortization of debt discounts and issuance costs 12,880 14,371 40,092 40,772
Interest expense 228,381 217,463 673,254 615,463
Depreciation of flight equipment 311,126 290,132 914,433 849,374
Recoveries of Russian fleet write-off (60,469) 0 (736,409) 0
Selling, general and administrative 51,784 44,418 160,983 137,592
Stock-based compensation expense 9,603 7,919 39,892 25,031
Total expenses 540,425 559,932 1,052,153 1,627,460
Income before taxes 184,968 130,232 1,143,217 393,302
Income tax expense (38,512) (26,261) (235,762) (78,519)
Net income 146,456 103,971 907,455 314,783
Preferred stock dividends (11,082) (12,325) (33,244) (35,258)
Net income attributable to common stockholders, basic 135,374 91,646 874,211 279,525
Net income attributable to common stockholders, diluted 135,374 91,646 874,211 279,525
Other comprehensive income/(loss):        
Foreign currency translation adjustment 18,323 (35,976) (103,645) (2,956)
Change in fair value of hedged transactions (22,762) 31,833 78,795 (3,254)
Total tax benefit on other comprehensive income 950 886 5,317 1,329
Other comprehensive income/(loss), net of tax (3,489) (3,257) (19,533) (4,881)
Total comprehensive income attributable to common stockholders $ 131,885 $ 88,389 $ 854,678 $ 274,644
Earnings per share of common stock:        
Basic (in dollars per share) $ 1.21 $ 0.82 $ 7.83 $ 2.51
Diluted (in dollars per share) $ 1.21 $ 0.82 $ 7.79 $ 2.50
Weighted-average shares of common stock outstanding        
Basic (in shares) 111,765,032 111,376,884 111,693,352 111,308,222
Diluted (in shares) 112,341,139 111,804,113 112,274,435 111,801,757
Lease rentals        
Revenues and other income        
Total rental of flight equipment revenue $ 665,576 $ 606,239 $ 1,950,469 $ 1,791,561
Maintenance rentals and other receipts        
Revenues and other income        
Total rental of flight equipment revenue $ 15,325 $ 18,941 $ 54,509 $ 57,453