6 unchanged sentences
Our primary interest rate exposures relate to our floating rate debt obligations.
−Removed: Rent payments under our aircraft lease agreements typically do not vary
−Removed: during the term of the lease according to changes in interest rates.
+Added: Rent payments under our aircraft lease agreements typically do not vary during the term of the lease according to changes in interest rates.
However, our borrowing agreements generally require payments based on a variable interest rate index, such as SOFR or an alternative reference rate.
6 unchanged sentences
It also does not include a variety of other potential factors that could affect our business as a result of changes in interest rates.
−Removed: As of February 29, 2024, a hypothetical 100-basis point increase/decrease in our variable interest rate on our borrowings would result in an interest expense increase/decrease of $3.4 million and $3.4 million, respectively, over the next twelve months.
+Added: As of February 28, 2025, a hypothetical 100-basis point increase/decrease in our variable interest rate on our borrowings would result in an interest expense increase/decrease of $4.4 million and $4.4 million, respectively, over the next 12 months.
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.