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Loss Per Share (Tables)
6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share The computations of UAL's basic and diluted loss per share are set forth below (in millions, except per share amounts):
Three Months Ended June 30,Six Months Ended June 30,
2021202020212020
Loss available to common stockholders$(434)$(1,627)$(1,791)$(3,331)
Weighted-average shares outstanding, basic and diluted 323.6 280.7 320.1 264.6 
Loss per share, basic and diluted$(1.34)$(5.79)$(5.60)$(12.59)
Summary of Warrants Outstanding As of June 30, 2021, the Company had the following warrants outstanding:
Warrant DescriptionNumber of Shares of UAL Common Stock (in millions)Exercise PriceExpiration Dates
PSP1 Warrants (a)4.8 $31.50 4/20/20259/30/2025
CARES Act Loan Warrants1.7 31.50 9/28/2025
PSP2 Warrants2.0 43.26 1/15/20264/29/2026
PSP3 Warrants1.5 53.92 4/29/20266/10/2026
Total10.0 
(a)
Warrants issued in connection with the $1.5 billion 10-year senior unsecured promissory note with Treasury provided under the Payroll Support Program of the CARES Act ("PSP1").