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Investments
 12 Months Ended
Dec. 31, 2024
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, ownership interest and carrying value were as follows:
Ownership InterestCarrying Value (in millions)
December 31,December 31,
Accounting Treatment2024202320242023
Republic HoldingsEquity Method25.0 %25.0 %$253 $240 
China Southern AirlinesFair Value1.5 %1.5 %142 115 
Other investments (1)
Various120 186 
Total$515 $541 
(1)Primarily includes our investment in JetSMART Holdings Limited, which is accounted for under the equity method, and our investments in Vertical and GOL, 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, ownership interest and carrying value were as follows:
Ownership InterestCarrying Value (in millions)
December 31,December 31,
Accounting Treatment2024202320242023
Republic HoldingsEquity Method25.0 %25.0 %$253 $240 
China Southern AirlinesFair Value1.5 %1.5 %142 115 
Other investments (1)
Various120 186 
Total$515 $541 
(1)Primarily includes American’s investment in JetSMART Holdings Limited, which is accounted for under the equity method, and American’s investments in Vertical and GOL, which are each accounted for at fair value.