Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2016

Computation of Earnings Per Share

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Basic earnings per share:
Earnings available to common stockholders	$	965	$	4,816	$	1,866	$	6,517
Basic weighted-average shares outstanding		320		375		335		379
Earnings per share, basic	$	3.02	$	12.83	$	5.57	$	17.19
Diluted earnings per share:
Earnings available to common stockholders including the effect of dilutive securities	$	965	$	4,816	$	1,866	$	6,517
Diluted shares outstanding:
Basic weighted-average shares outstanding		320		375		335		379
Effect of employee stock awards		1		1		—		1
Diluted weighted-average shares outstanding		321		376		335		380
Earnings per share, diluted	$	3.01	$	12.82	$	5.57	$	17.15