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Investments
 12 Months Ended
Dec. 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 consolidated balance sheets. Our share of equity method investees’ financial results and changes in fair value are recorded in nonoperating other income (expense), net on the consolidated statements of operations.
Our equity investments ownership interest and carrying value were as follows:
Ownership InterestCarrying Value (in millions)
December 31,December 31,
Accounting Treatment2023202220232022
Republic HoldingsEquity Method25.0 %25.0 %$240 $222 
China Southern AirlinesFair Value1.5 %1.5 %115 176 
Other investments (1)
Various186 212 
Total$541 $610 
(1)Primarily includes our investment in JetSMART Holdings Limited, 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 consolidated balance sheets. American’s share of equity method investees’ financial results and changes in fair value are recorded in nonoperating other income (expense), net on the consolidated statements of operations.
American’s equity investments ownership interest and carrying value were as follows:
Ownership InterestCarrying Value (in millions)
December 31,December 31,
Accounting Treatment2023202220232022
Republic HoldingsEquity Method25.0 %25.0 %$240 $222 
China Southern AirlinesFair Value1.5 %1.5 %115 176 
Other investments (1)
Various186 212 
Total$541 $610 
(1)Primarily includes American’s investment in JetSMART Holdings Limited, which is accounted for under the equity method, and American’s investments in GOL and Vertical, which are each accounted for at fair value.