Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2016

Computation of Earnings Per Share

The computations of UAL’s basic and diluted earnings per share are set forth below for the years ended December 31 (in millions, except per share amounts):

	2016		2015		2014
Basic earnings per share:
Earnings available to common stockholders	$	2,263	$	7,340	$	1,132
Basic weighted-average shares outstanding		329.9		376.1		371.1
Earnings per share, basic	$	6.86	$	19.52	$	3.05
Diluted earnings per share:
Earnings available to common stockholders	$	2,263	$	7,340	$	1,132
Effect of dilutive securities		—		—		11
Earnings available to common stockholders including the effect of dilutive securities	$	2,263	$	7,340	$	1,143
Diluted shares outstanding:
Basic weighted-average shares outstanding		329.9		376.1		371.1
Effect of convertible notes		—		0.3		17.7
Effect of employee stock awards		0.4		0.5		0.9
Diluted weighted-average shares outstanding		330.3		376.9		389.7
Earnings per share, diluted	$	6.85	$	19.47	$	2.93