Earnings Per Share

3 Months Ended

Mar. 31, 2019

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



	Three Months Ended March 31,
	2019		2018
Earnings available to common stockholders	$	292	$	145

Basic weighted-average shares outstanding	267.0		283.9
Effect of employee stock awards	1.3		1.0
Diluted weighted-average shares outstanding	268.3		284.9

Earnings per share, basic and diluted	$	1.09	$	0.51

In the three months ended March 31, 2019, UAL repurchased approximately 6.3 million shares of UAL common stock in open market transactions for $527 million. As of March 31, 2019, the Company had approximately $1.2 billion remaining to purchase shares under its share repurchase program. UAL may repurchase shares through the open market, privately negotiated transactions, block trades or accelerated share repurchase transactions from time to time in accordance with applicable securities laws. UAL will repurchase shares of UAL common stock subject to prevailing market conditions, and may discontinue such repurchases at any time. See Part II, Item 2, Unregistered Sales of Equity Securities and Use of Proceeds of this report for additional information.