XML 41 R24.htm IDEA: XBRL DOCUMENT v3.23.1
Investments
 3 Months Ended
Mar. 31, 2023
Schedule of Investments [Line Items]  
Investments Investments
To help expand our network and as part of our ongoing commitment to sustainability, we enter into various commercial relationships or other strategic partnerships, including equity investments, with other airlines and companies. Our equity investments are reflected in other assets on our condensed consolidated balance sheets. Our share of equity method investees’ financial results and changes in fair value are recorded in nonoperating other income, net on the condensed consolidated statements of operations.
Our equity investment ownership interests and carrying values were:
Ownership InterestCarrying Value (in millions)
Accounting TreatmentMarch 31, 2023December 31, 2022March 31, 2023December 31, 2022
Republic Airways Holdings Inc.Equity Method25.0 %25.0 %$228 $222 
China Southern AirlinesFair Value1.5 %1.5 %193 176 
Other investments (1)
Various201 212 
Total$622 $610 
(1)Primarily includes our investment in JetSmart Airlines SpA, which is accounted for under the equity method, and our investments in GOL and Vertical, which are each accounted for at fair value.
American Airlines, Inc.  
Schedule of Investments [Line Items]  
Investments Investments
To help expand American’s network and as part of its ongoing commitment to sustainability, American enters into various commercial relationships or other strategic partnerships, including equity investments, with other airlines and companies. American’s equity investments are reflected in other assets on its condensed consolidated balance sheets. American’s share of equity method investees’ financial results and changes in fair value are recorded in nonoperating other income, net on the condensed consolidated statements of operations.
American’s equity investment ownership interests and carrying values were:
Ownership InterestCarrying Value (in millions)
Accounting TreatmentMarch 31, 2023December 31, 2022March 31, 2023December 31, 2022
Republic Airways Holdings Inc.Equity Method25.0 %25.0 %$228 $222 
China Southern AirlinesFair Value1.5 %1.5 %193 176 
Other investments (1)
Various201 212 
Total$622 $610 
(1)Primarily includes American’s investment in JetSmart Airlines SpA, which is accounted for under the equity method, and American’s investments in GOL and Vertical, which are each accounted for at fair value.