Earnings (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2022

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 June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Earnings (loss) available to common stockholders	$	329	$	(434)	$	(1,048)	$	(1,791)
Basic weighted-average shares outstanding	326.7		323.6		325.9		320.1
Dilutive effect of employee stock awards	1.7		—		—		—
Dilutive effect of stock warrants	1.9		—		—		—
Diluted weighted-average shares outstanding	330.3		323.6		325.9		320.1
Earnings (loss) per share, basic	$	1.01	$	(1.34)	$	(3.22)	$	(5.60)
Earnings (loss) per share, diluted	$	1.00	$	(1.34)	$	(3.22)	$	(5.60)
Potentially dilutive securities (a)
Stock warrants	1.5		—		1.5		0.3
Employee stock awards	0.7		0.7		0.7		0.7
(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.