UNITED AIRLS HLDGS INC

Ticker: UAL CUSIP: 910047109 Class: COM

MKP Capital Management, L.L.C.'s Holding History (CIK: 0001534949)

Note: Option positions (PUT/CALL) are excluded.

Q1 2015

Shares 93,227 Value ($000) $6,270 Avg Close $67.75 Range $62.37 - $74.52

Q4 2014

Shares 45,900 Value ($000) $3,070 Avg Close $55.38 Range $39.46 - $67.77

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	93,227	$6,270	$67.75	$62.37 - $74.52
Q4 2014	45,900	$3,070	$55.38	$39.46 - $67.77