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Investments (Tables)
 9 Months Ended
Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]  
Schedule of marketable securities The aggregate carrying values of our short-term and long-term debt investment securities consisted of the following at September 30, 2024 and December 31, 2023 (in millions):
September 30, 2024December 31, 2023
Available-for-sale investment securities
Time deposits$1,310 $290 
Commercial paper7 24 
Debt securities16 16 
Total available-for-sale investment securities1,333 330 
Held-to-maturity investment securities
Corporate bonds175 234 
Total held-to-maturity investment securities175 234 
Total investments in debt securities$1,508 $564 
Schedule of equity method investments
The aggregate carrying values of our equity investments are recorded in other assets on the consolidated balance sheets and consist of the following at September 30, 2024 and December 31, 2023 (in millions):
September 30, 2024December 31, 2023
Equity method investments (1)
$71 $43 
JetBlue Ventures equity investments (2)
78 96 
TWA Flight Center (3)
13 14 
Total equity investments (4)
$162 $153 
(1) We have the ability to exercise significant influence over these investments and therefore they are accounted for using the equity method in accordance with Topic 323, Investments - Equity Method and Joint Ventures of the FASB Codification. Our share of our equity method investees’ financial results is included in other income on our consolidated statement of operations.
(2) Our wholly owned subsidiary JetBlue Technology Ventures LLC ("JBV") has equity investments in emerging companies which do not have readily determinable fair values. In accordance with Topic 321, Investments - Equity Securities of the FASB Codification, we account for these investments using a measurement alternative which allows entities to measure these investments at cost, less any impairment, adjusted for changes from observable price changes in orderly transactions for identifiable or similar investments of the same issuer. Refer to the table below for investment gain (loss) activity during the three or nine months ended September 30, 2024 and 2023.
(3) We have an approximate 10% ownership interest in the TWA Flight Center Hotel at JFK, which is accounted for under the measurement alternative described above. We did not record any material gains or losses on our TWA Flight Center Hotel during the three or nine months ended September 30, 2024 and 2023.
(4) As of September 30, 2024 and December 31, 2023, we had an immaterial amount of equity securities recorded within investment securities in the current asset section of our consolidated balance sheets. Our equity securities include investments in common stocks of publicly traded companies which are stated at fair value. Refer to the table below for investment gain (loss) activity during the three or nine months ended September 30, 2024 and 2023 (in millions):
Three Months Ended September 30, Nine Months Ended September 30,
2024202320242023
JBV Equity Investments
Realized loss recognized in gain (loss) on investments, net $(3)$(1)$(5)$(1)
Unrealized loss recognized in gain (loss) on investments, net (1)
— — (21)— 
Equity Securities
Realized gain recognized in gain (loss) on investments, net— — — 4 
Unrealized gain recognized in gain (loss) on investments, net— — — 2 
(1) The net unrealized loss primarily relates to a mark-to-market adjustment on our preferred shares of one of our JBV equity investments.