v3.25.2
Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
 3 Months Ended
May 31, 2025
May 31, 2024
Revenues:    
Lease rental revenue $ 183,043 $ 162,570
Direct financing and sales-type lease revenue 5,142 5,457
Amortization of lease premiums, discounts and incentives 2,766 (6,649)
Maintenance revenue 38,132 42,149
Total lease revenue 229,083 203,527
Gain on sale or disposition of flight equipment 30,289 1,010
Other revenue 472 636
Total revenues 259,844 205,173
Operating expenses:    
Depreciation 95,816 89,358
Interest, net 68,841 64,813
Selling, general and administrative 20,691 22,055
Provision for credit losses 142 (145)
Impairment of flight equipment 5,066 5,211
Maintenance and other costs 4,244 4,443
Total operating expenses 194,800 185,735
Other expense:    
Loss on extinguishment of debt (2,973) 0
Other (456) (304)
Total other expense (3,429) (304)
Income from continuing operations before income taxes and earnings of unconsolidated equity method investment 61,615 19,134
Income tax provision 12,721 3,572
Earnings of unconsolidated equity method investment, net of tax 393 519
Net income 49,287 16,081
Net income available to common shareholders 49,287 16,081
Total comprehensive income available to common shareholders $ 49,287 $ 16,081