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Loss Per Share (Tables) | 6 Months Ended
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Jun. 30, 2021
Earnings Per Share [Abstract] |
Computation of Basic and Diluted Earnings Per Share | The computations of UAL's basic and diluted loss per share are set forth below (in millions, except per share amounts):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Loss available to common stockholders | $ | (434) |  |  | $ | (1,627) |  |  | $ | (1,791) |  |  | $ | (3,331) |
Weighted-average shares outstanding, basic and diluted | 323.6 |  |  | 280.7 |  |  | 320.1 |  |  | 264.6 |
Loss per share, basic and diluted | $ | (1.34) |  |  | $ | (5.79) |  |  | $ | (5.60) |  |  | $ | (12.59) |
Summary of Warrants Outstanding | As of June 30, 2021, the Company had the following warrants outstanding:
Warrant Description |  | Number of Shares of UAL Common Stock (in millions) |  | Exercise Price |  | Expiration Dates
PSP1 Warrants (a) |  | 4.8 |  |  | $ | 31.50 |  |  | 4/20/2025 | — | 9/30/2025
CARES Act Loan Warrants |  | 1.7 |  |  | 31.50 |  |  | 9/28/2025
PSP2 Warrants |  | 2.0 |  |  | 43.26 |  |  | 1/15/2026 | — | 4/29/2026
PSP3 Warrants |  | 1.5 |  |  | 53.92 |  |  | 4/29/2026 | — | 6/10/2026
Total |  | 10.0 |  |  |  |  |  |  |
(a) | Warrants issued in connection with the $1.5 billion 10-year senior unsecured promissory note with Treasury provided under the Payroll Support Program of the CARES Act ("PSP1").

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775 + Details
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