Earnings (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2020

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 September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Earnings (loss) available to common stockholders	$	(1,841)	$	1,024	$	(5,172)	$	2,368
Basic weighted-average shares outstanding	291.0		255.3		273.5		261.0
Effect of employee stock awards and warrants (a)	—		1.1		—		1.0
Diluted weighted-average shares outstanding	291.0		256.4		273.5		262.0
Earnings (loss) per share, basic	$	(6.33)	$	4.01	$	(18.91)	$	9.07
Earnings (loss) per share, diluted	$	(6.33)	$	3.99	$	(18.91)	$	9.04

(a) Antidilutive common stock equivalents excluded from the diluted per share calculation are not material.