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INVESTMENTS (Tables)
9 Months Ended
Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]  
Summary of equity investments ownership and carrying value - fair value We record our share of our equity method investees' financial results in our income statement as described in the table below.
Equity investments ownership interest and carrying value
Accounting TreatmentOwnership InterestCarrying Value
(in millions)September 30, 2023December 31, 2022September 30, 2023December 31, 2022
Air France-KLMFair Value%%$92 $97 
China EasternFair Value%%159 189 
CLEARFair Value%%158 227 
Grupo Aeroméxico
Equity Method(1)
20 %20 %459 412 
Hanjin KAL
Fair Value(2)
15 %15 %313 296 
LATAMFair Value10 %10 %548 403 
Unifi Aviation
Equity Method(3)
49 %49 %174 165 
Wheels Up
Fair Value(4)
39 %21 %59 54 
Other investmentsVarious329 285 
Equity investments$2,291 $2,128 
(1)Results are included in miscellaneous, net in our income statement under non-operating expense.
(2)At September 30, 2023, we held 14.8% of the outstanding shares (including common and preferred), and 14.9% of the common shares, of Hanjin KAL.
(3)Results are included in contracted services in our income statement as this entity is integral to the operations of our business by providing services at many of our airport locations.
(4)See below for additional information about our ownership interest and voting rights.
Summary of equity investments ownership and carrying value - equity method We record our share of our equity method investees' financial results in our income statement as described in the table below.
Equity investments ownership interest and carrying value
Accounting TreatmentOwnership InterestCarrying Value
(in millions)September 30, 2023December 31, 2022September 30, 2023December 31, 2022
Air France-KLMFair Value%%$92 $97 
China EasternFair Value%%159 189 
CLEARFair Value%%158 227 
Grupo Aeroméxico
Equity Method(1)
20 %20 %459 412 
Hanjin KAL
Fair Value(2)
15 %15 %313 296 
LATAMFair Value10 %10 %548 403 
Unifi Aviation
Equity Method(3)
49 %49 %174 165 
Wheels Up
Fair Value(4)
39 %21 %59 54 
Other investmentsVarious329 285 
Equity investments$2,291 $2,128 
(1)Results are included in miscellaneous, net in our income statement under non-operating expense.
(2)At September 30, 2023, we held 14.8% of the outstanding shares (including common and preferred), and 14.9% of the common shares, of Hanjin KAL.
(3)Results are included in contracted services in our income statement as this entity is integral to the operations of our business by providing services at many of our airport locations.
(4)See below for additional information about our ownership interest and voting rights.