Earnings (Loss) Per Share

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Common Stockholders' Equity and Preferred Securities

EARNINGS (LOSS) PER SHAREThe computations of UAL's basic and diluted earnings (loss) per share are set forth below for the years ended December 31 (in millions, except per share amounts):

	2021		2020		2019
Earnings (loss) available to common stockholders	$	(1,964)	$	(7,069)	$	3,009
Basic weighted-average shares outstanding	321.9		279.4		258.8
Dilutive effect of employee stock awards	—		—		1.1
Diluted weighted-average shares outstanding	321.9		279.4		259.9
Earnings (loss) per share, basic	$	(6.10)	$	(25.30)	$	11.63
Earnings (loss) per share, diluted	$	(6.10)	$	(25.30)	$	11.58
Potentially dilutive securities (a)
Stock warrants	0.9		—		—
Employee stock awards	0.7		1.0		0.1

(a) Weighted-average potentially dilutive securities outstanding excluded from the computation of diluted earnings per share because the securities would have had an antidilutive effect.