v3.24.1.u1
INVESTMENTS (Tables)
 3 Months Ended
Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Summary of equity investments ownership and carrying value - fair value
Equity investments ownership interest and carrying value
Accounting TreatmentOwnership InterestCarrying Value
(in millions)March 31, 2024December 31, 2023March 31, 2024December 31, 2023
Air France-KLMFair Value3 %3 %$82 $110 
China EasternFair Value2 %2 %116 134 
Grupo AeroméxicoEquity Method20 %20 %441 421 
Hanjin KAL
Fair Value(1)
15 %15 %439 561 
LATAMFair Value10 %10 %756 658 
Unifi AviationEquity Method49 %49 %161 162 
Wheels Up
Fair Value(2)
38 %38 %756 903 
Other investmentsVarious496 508 
Equity investments$3,247 $3,457 
(1)At March 31, 2024, we held 14.8% of the outstanding shares (including common and preferred), and 14.9% of the common shares, of Hanjin KAL.
(2)Our voting rights with respect to Wheels Up are capped at 29.9%.
Summary of equity investments ownership and carrying value - equity method
Equity investments ownership interest and carrying value
Accounting TreatmentOwnership InterestCarrying Value
(in millions)March 31, 2024December 31, 2023March 31, 2024December 31, 2023
Air France-KLMFair Value3 %3 %$82 $110 
China EasternFair Value2 %2 %116 134 
Grupo AeroméxicoEquity Method20 %20 %441 421 
Hanjin KAL
Fair Value(1)
15 %15 %439 561 
LATAMFair Value10 %10 %756 658 
Unifi AviationEquity Method49 %49 %161 162 
Wheels Up
Fair Value(2)
38 %38 %756 903 
Other investmentsVarious496 508 
Equity investments$3,247 $3,457 
(1)At March 31, 2024, we held 14.8% of the outstanding shares (including common and preferred), and 14.9% of the common shares, of Hanjin KAL.
(2)Our voting rights with respect to Wheels Up are capped at 29.9%.