Common Stockholders' Equity and Preferred Securities (Tables)

12 Months Ended

Dec. 31, 2023

The Company issued warrants to the U.S. Treasury Department ("Treasury") pursuant to the payroll support program ("PSP"), including extensions, and the loan program established under the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act"). See Note 9 of this report for additional information about the unsecured promissory notes issued by the Company to Treasury under the PSP and related extensions. As of December 31, 2023, the Company had the following warrants outstanding:


Warrant Description	Number of Shares of UAL Common Stock (in millions)	Exercise Price		Expiration Dates
PSP1 Warrants	4.8	$	31.50	4/20/2025	—	9/30/2025
CARES Act Warrants	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