Common Stockholders' Equity and Preferred Securities (Tables)

12 Months Ended

Dec. 31, 2021

Equity [Abstract]

Summary of Warrants Outstanding

As of December 31, 2021, the Company had the following warrants outstanding:

Warrant Description	Number of Shares of UAL Common Stock (in millions)	Exercise Price		Expiration Dates
PSP1 Warrants (a)	4.8	$	31.50	4/20/2025	—	9/30/2025
CARES Act Loan Warrants (b)	1.7	31.50		9/28/2025
PSP2 Warrants	2.0	43.26		1/15/2026	—	4/29/2026
PSP3 Warrants	1.5	53.92		4/29/2026	—	6/10/2026
Total	10.0
(a)Warrants issued in fiscal year 2020 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 Note"). (b)Warrants issued in fiscal year 2020 in connection with the $520 million Loan and Guarantee Agreement, dated as of September 28, 2020, among United, UAL, Treasury and the Bank of New York Mellon, as administrative agent, as amended (the "CARES Act Loan"), which was entered into pursuant to the loan program established pursuant to the CARES Act.