v3.22.2.2
Investments (Tables)
 9 Months Ended
Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]  
Summary of equity investments ownership and carrying value - fair value
Equity investments ownership interest and carrying value
Accounting TreatmentOwnership InterestCarrying Value
(in millions)September 30, 2022December 31, 2021September 30, 2022December 31, 2021
Air France-KLMFair Value3 %6 %$94 $165 
China EasternFair Value2 %2 %158 177 
CLEARFair Value6 %6 %189 260 
Grupo Aeroméxico
Equity Method(1)
20 %51 %424 — 
Hanjin KAL
Fair Value(2)
15 %13 %259 455 
Unifi Aviation
Equity Method(3)
49 %49 %161 159 
Wheels Up
Fair Value(4)
21 %21 %60 241 
Other investmentsVarious240 255 
Equity investments$1,585 $1,712 
(1)Results are included in equity method results in our income statement under non-operating expense.
(2)At September 30, 2022, 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)We elected to account for our investment under the fair value option.
Summary of equity investments ownership and carrying value - equity method
Equity investments ownership interest and carrying value
Accounting TreatmentOwnership InterestCarrying Value
(in millions)September 30, 2022December 31, 2021September 30, 2022December 31, 2021
Air France-KLMFair Value3 %6 %$94 $165 
China EasternFair Value2 %2 %158 177 
CLEARFair Value6 %6 %189 260 
Grupo Aeroméxico
Equity Method(1)
20 %51 %424 — 
Hanjin KAL
Fair Value(2)
15 %13 %259 455 
Unifi Aviation
Equity Method(3)
49 %49 %161 159 
Wheels Up
Fair Value(4)
21 %21 %60 241 
Other investmentsVarious240 255 
Equity investments$1,585 $1,712 
(1)Results are included in equity method results in our income statement under non-operating expense.
(2)At September 30, 2022, 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)We elected to account for our investment under the fair value option.