INVESTMENTS

9 Months Ended

Sep. 30, 2024

Investments, Debt and Equity Securities [Abstract]

INVESTMENTS

INVESTMENTS

Equity investments ownership interest and carrying value
	Accounting Treatment	Ownership Interest				Carrying Value
(in millions)		September 30, 2024		December 31, 2023		September 30, 2024		December 31, 2023
Air France-KLM	Fair Value	3	%	3	%	$	74	$	110
China Eastern	Fair Value	2	%	2	%	143		134
Grupo Aeroméxico	Equity Method	20	%	20	%	426		421
Hanjin KAL	Fair Value(1)	15	%	15	%	624		561
LATAM	Fair Value	10	%	10	%	782		658
Unifi Aviation	Equity Method	49	%	49	%	139		162
Wheels Up	Fair Value(2)	38	%	38	%	637		903
Other investments	Various					447		508
Equity investments						$	3,272	$	3,457

(1)At September 30, 2024, we held 14.8% of the outstanding shares (including common and preferred), and 14.9% of the common shares, of Hanjin KAL.

(2)Our voting rights with respect to Wheels Up are capped at 29.9%.

Wheels Up. During the September 2024 quarter, we and the other lead investors agreed to extend the contractual transfer restrictions on our investments in Wheels Up until September 20, 2025. Following the expiration of this restriction, our equity investment in Wheels Up will continue to be subject to certain, more limited transfer restrictions.