Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2017

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,
	2017		2016		2017		2016
Earnings available to common stockholders	$	637	$	965	$	1,551	$	1,866
Basic weighted-average shares outstanding		299.8		320.0		306.8		334.9
Effect of employee stock awards		0.8		0.4		0.8		0.3
Diluted weighted-average shares outstanding		300.6		320.4		307.6		335.2
Earnings per share, basic	$	2.12	$	3.02	$	5.06	$	5.57
Earnings per share, diluted	$	2.12	$	3.01	$	5.04	$	5.57