Investments (Tables)

6 Months Ended

Jun. 30, 2020

Investments, Debt and Equity Securities [Abstract]

Summary of investments at fair value

We account for the following investments at fair value on a recurring basis with adjustments to fair value recognized in gain/(loss) on investments within non-operating expense in our income statement. We recorded gains of $8 million and losses of $104 million on our fair value investments during the three and six months ended June 30, 2020, respectively. These results were driven by changes in stock prices, foreign currency fluctuations and other valuation techniques for investments in companies without publicly-traded shares.

	Ownership Interest				Carrying Value
(in millions)	June 30, 2020		December 31, 2019		June 30, 2020		December 31, 2019
Hanjin-KAL	15	%	10	%	$	588	$	205
Air France-KLM	9	%	9	%	170		418
China Eastern	3	%	3	%	166		258
Wheels Up	25	%	—	%	234		—
Other investments					226		218
Total fair value investments					$	1,384	$	1,099

Summary of equity method investments

We account for the investments listed below under the equity method of accounting.

	Ownership Interest				Carrying Value
(in millions)	June 30, 2020		December 31, 2019		June 30, 2020		December 31, 2019
Virgin Atlantic (1)	49	%	49	%	$	—	$	375
Unifi (formerly AirCo)	49	%	49	%	143		142

⁽¹⁾We have a non-controlling equity stake in Virgin Atlantic Limited, the parent company of Virgin Atlantic Airways, and similar non-controlling interests in certain affiliated Virgin Atlantic companies.