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SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Selected Quarterly Financial Data

UAL		Quarter Ended
(In millions, except per share amounts)		March 31				June 30				September 30				December 31
2017
Operating revenue		$	8,420			$	10,000			$	9,878			$	9,438
Income from operations			278				1,399				1,092				729
Net income			96				818				637				580
Basic earnings per share			0.31				2.67				2.12				1.99
Diluted earnings per share			0.31				2.66				2.12				1.99
2016
Operating revenue		$	8,195			$	9,396			$	9,913			$	9,052
Income from operations			649				1,060				1,624				1,005
Net income			313				588				965				397
Basic earnings per share			0.88				1.78				3.02				1.26
Diluted earnings per share			0.88				1.78				3.01				1.26

Schedule of Effect of Four Quarters Events

UAL’s quarterly financial data is subject to seasonal fluctuations and historically its second and third quarter financial results, which reflect higher travel demand, are better than its first and fourth quarter financial results. UAL’s quarterly results were impacted by the following significant items (in millions):

		Quarter Ended
		March 31				June 30				September 30				December 31
2017
Operating:
Severance and benefit costs		$	37			$	41			$	23			$	15
Impairment of assets			—				—				15				10
(Gains) losses on sale of assets and other special charges			14				3				12				6
Total operating special charges			51				44				50				31
Income taxes:
Income tax benefit related to special charges			(18)				(16)				(18)				(11)
Income tax adjustments (Note 7)			—				—				—				(192)
Total operating special charges, net of income taxes and income tax adjustments		$	33			$	28			$	32			$	(172)
2016
Operating:
Labor agreement costs and related items		$	100			$	10			$	14			$	(60)
Cleveland airport lease restructuring			74				—				—				—
Severance and benefit costs			8				6				13				10
Impairment of assets			—				412				—				—
(Gains) losses on sale of assets and other special charges			8				6				18				19
Total operating special charges			190				434				45				(31)
Nonoperating and income taxes:
Losses (gain) on extinguishment of debt and other			8				(9)				—				—
Income tax expense (benefit) related to special charges			(72)				(153)				(16)				12
Income tax adjustments (Note 6)			—				—				—				180
Total operating and nonoperating special charges, net of income taxes and income tax adjustments		$	126			$	272			$	29			$	161

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- Definition

Schedule Of Quarterly Reporting Table.

+ References

No definition available.

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- Definition

Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)-(j)
-URI http://asc.fasb.org/extlink&oid=84173487&loc=d3e1280-108306

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