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INVESTMENTS (Tables)
 3 Months Ended
Mar. 31, 2023
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, 2023December 31, 2022March 31, 2023December 31, 2022
Air France-KLMFair Value3 %3 %$135 $97 
China EasternFair Value2 %2 %184 189 
CLEARFair Value5 %5 %217 227 
Grupo Aeroméxico
Equity Method(1)
20 %20 %410 412 
Hanjin KAL
Fair Value(2)
15 %15 %351 296 
LATAMFair Value10 %10 %455 403 
Unifi Aviation
Equity Method(3)
49 %49 %164 165 
Wheels Up
Fair Value(4)
21 %21 %33 54 
Other investmentsVarious300 285 
Equity investments$2,249 $2,128 
(1)Results are included in miscellaneous, net in our income statement under non-operating expense.
(2)At March 31, 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)We elected to account for our investment under the fair value option.
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, 2023December 31, 2022March 31, 2023December 31, 2022
Air France-KLMFair Value3 %3 %$135 $97 
China EasternFair Value2 %2 %184 189 
CLEARFair Value5 %5 %217 227 
Grupo Aeroméxico
Equity Method(1)
20 %20 %410 412 
Hanjin KAL
Fair Value(2)
15 %15 %351 296 
LATAMFair Value10 %10 %455 403 
Unifi Aviation
Equity Method(3)
49 %49 %164 165 
Wheels Up
Fair Value(4)
21 %21 %33 54 
Other investmentsVarious300 285 
Equity investments$2,249 $2,128 
(1)Results are included in miscellaneous, net in our income statement under non-operating expense.
(2)At March 31, 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)We elected to account for our investment under the fair value option.