Earnings (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

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

	Three Months Ended March 31,
	2020				2019
Earnings (loss) available to common stockholders	$	(1,704	)		$	292
Basic weighted-average shares outstanding	248.5				267.0
Effect of employee stock awards	—			(a)	1.3
Diluted weighted-average shares outstanding	248.5				268.3
Earnings (loss) per share, basic and diluted	$	(6.86	)		$	1.09

(a) In the three months ended March 31, 2020, approximately 0.9 million employee stock awards have been excluded from the computation of the diluted per share amount as they have an anti-dilutive effect.