Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2016

Computation of Earnings Per Share

The computations of UAL’s basic and diluted earnings per share are set forth below (in millions, except per share amounts):

	Three Months Ended June  30,				Six Months Ended June  30,
	2016		2015		2016		2015
Basic earnings per share:
Earnings available to common stockholders	$	588	$	1,193	$	901	$	1,701
Basic weighted-average shares outstanding		331		380		342		381
Earnings per share, basic	$	1.78	$	3.14	$	2.63	$	4.46
Diluted earnings per share:
Earnings available to common stockholders including the effect of dilutive securities	$	588	$	1,193	$	901	$	1,701
Diluted shares outstanding:
Basic weighted-average shares outstanding		331		380		342		381
Effect of employee stock awards		—		—		1		1
Diluted weighted-average shares outstanding		331		380		343		382
Earnings per share, diluted	$	1.78	$	3.14	$	2.63	$	4.45