The table below represents the computation of UAL’s basic and diluted earnings (loss) per share amounts and the number of securities that have been excluded from the computation of diluted earnings (loss) per share amounts because they were antidilutive (in millions, except per share amounts):


	Three Months Ended September 30,					Nine Months Ended September 30,
	2013			2012		2013			2012
Basic earnings (loss) per share:
Net income (loss)	$	379		$	6	$	431		$	(103	)
Less: Income allocable to participating securities		(1	)		—		(1	)		—

Earnings (loss) available to common stockholders	$	378		$	6	$	430		$	(103	)

Basic weighted average shares outstanding		357			331		343			331

Earnings (loss) per share, basic	$	1.06		$	0.02	$	1.25		$	(0.31	)

Diluted earnings (loss) per share:
Earnings (loss) available to common stockholders	$	378		$	6	$	430		$	(103	)
Effect of convertible notes		9			—		20			—

Earnings (loss) available to common stockholders including the effect of dilutive securities	$	387		$	6	$	450		$	(103	)

Diluted shares outstanding:
Basic weighted-average shares outstanding		357			331		343			331
Effect of convertible notes		37			—		46			—
Effect of employee stock options		1			1		1			—

Diluted weighted-average shares outstanding		395			332		390			331

Earnings (loss) per share, diluted	$	0.98		$	0.02	$	1.15		$	(0.31	)

Potentially dilutive shares excluded from diluted per share amounts:
Restricted stock and stock options		3			5		3			6
Convertible notes		—			61		4			61