v3.25.2
EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Share
The following table shows the computation of UAL's basic and diluted earnings per share, the latter of which uses the treasury stock method to calculate the dilutive effect of UAL's potential common stock (in millions, except per share amounts):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Earnings available to common stockholders$973 $1,323 $1,361 $1,199 
Basic weighted-average shares outstanding324.6 328.8 326.2 328.6 
Dilutive effect of stock Warrants (a)— 2.7 0.6 2.2 
Dilutive effect of employee stock awards2.6 2.4 3.3 2.3 
Diluted weighted-average shares outstanding327.2 333.9 330.1 333.1 
Earnings per share, basic$3.00 $4.02 $4.17 $3.65 
Earnings per share, diluted$2.97 $3.96 $4.12 $3.60 
Potentially dilutive securities (b)
Stock Warrants (a)— 1.5 — 1.5 
Employee stock awards0.7 0.6 0.5 0.6 
(a) See discussion below for more information about these Warrants.
(b) Weighted-average potentially dilutive securities outstanding are excluded from the computation of diluted earnings per share because the securities would have an antidilutive effect.