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INVESTMENTS (Tables)
 12 Months Ended
Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]  
Schedule of fair value investments ownership interest and carrying value
Equity investments ownership interest and carrying value
Accounting TreatmentOwnership InterestCarrying Value
(in millions)December 31, 2023December 31, 2022December 31, 2023December 31, 2022
Air France-KLMFair Value3 %3 %$110 $97 
China EasternFair Value2 %2 %134 189 
CLEARFair Value6 %5 %171 227 
Grupo Aeroméxico
Equity Method(1)
20 %20 %421 412 
Hanjin-KAL
Fair Value(2)
15 %15 %561 296 
LATAMFair Value10 %10 %658 403 
Unifi Aviation
Equity Method(3)
49 %49 %162 165 
Wheels Up
Fair Value(4)
38 %21 %903 54 
Other investmentsVarious337 285 
Equity investments$3,457 $2,128 
(1)Results are included in miscellaneous, net in our income statement under non-operating expense.
(2)At December 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)See below for additional information about our ownership interest and voting rights.
Schedule of equity method investments ownership interest and carrying value
Equity investments ownership interest and carrying value
Accounting TreatmentOwnership InterestCarrying Value
(in millions)December 31, 2023December 31, 2022December 31, 2023December 31, 2022
Air France-KLMFair Value3 %3 %$110 $97 
China EasternFair Value2 %2 %134 189 
CLEARFair Value6 %5 %171 227 
Grupo Aeroméxico
Equity Method(1)
20 %20 %421 412 
Hanjin-KAL
Fair Value(2)
15 %15 %561 296 
LATAMFair Value10 %10 %658 403 
Unifi Aviation
Equity Method(3)
49 %49 %162 165 
Wheels Up
Fair Value(4)
38 %21 %903 54 
Other investmentsVarious337 285 
Equity investments$3,457 $2,128 
(1)Results are included in miscellaneous, net in our income statement under non-operating expense.
(2)At December 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)See below for additional information about our ownership interest and voting rights.