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Earnings (Loss) Per Share
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER SHARE EARNINGS (LOSS) 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,
2022202120222021
Earnings (loss) available to common stockholders$942 $473 $(106)$(1,318)
Basic weighted-average shares outstanding326.8 323.7 326.2 321.3 
Dilutive effect of employee stock awards1.7 3.0 — — 
Dilutive effect of stock warrants1.0 2.3 — — 
Diluted weighted-average shares outstanding329.5 329.0 326.2 321.3 
Earnings (loss) per share, basic$2.88 $1.46 $(0.33)$(4.10)
Earnings (loss) per share, diluted$2.86 $1.44 $(0.33)$(4.10)
Potentially dilutive securities (a)
Stock warrants (b)3.5 1.5 3.5 0.7 
Employee stock awards0.7 0.7 0.7 0.7 
(a) Weighted-average potentially dilutive securities outstanding excluded from the computation of diluted earnings per share because the securities would have had an antidilutive effect.
(b) Represent warrants issued to the U.S. Treasury Department ("Treasury") pursuant to the payroll support program, including extensions, and the loan program established under the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act"). The Company issued, to Treasury, warrants to purchase up to approximately 10 million shares of UAL common stock at exercise prices ranging from $31.50 to $53.92 and expiration dates ranging from April 20, 2025 to June 10, 2026. All warrants were outstanding as of September 30, 2022.