Earnings Per Unit (Tables)

6 Months Ended

Jun. 30, 2025

Earnings Per Share [Abstract]

Reconciliations of Numerator and Denominator in Calculations of Basic and Diluted Earnings per Unit

Reconciliations of the numerator and denominator in the calculations of basic and diluted earnings per unit are as follows (in thousands, except per unit data):


			Three Months Ended												Six Months Ended
			June 30, 2025						June 30, 2024						June 30, 2025						June 30, 2024
Earnings per unit
Numerator:
Basic net income (loss) attributable to the AIR Operating Partnership’s common unitholders			$	49,161					$	(184,695)					$	86,365					$	(191,622)
Effect of dilutive instruments			1,153						—						2,307						—
Dilutive net income (loss) attributable to the AIR Operating Partnership’s common unitholders			$	50,314					$	(184,695)					$	88,672					$	(191,622)

Denominator – units:
Basic weighted-average common units outstanding			151,100						154,290						152,222						154,307
Dilutive common unit equivalents outstanding			2,273						—						2,192						—
Dilutive weighted-average common units outstanding			153,373						154,290						154,414						154,307

Earnings per unit – basic			$	0.33					$	(1.20)					$	0.57					$	(1.24)
Earnings per unit – diluted			$	0.33					$	(1.20)					$	0.57					$	(1.24)