financetom
Business
financetom
/
Business
/
United Airlines CEO rules out bid for Spirit assets
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
United Airlines CEO rules out bid for Spirit assets
Sep 16, 2025 9:14 AM

NEWARK, New Jersey (Reuters) -United Airlines CEO Scott Kirby said on Tuesday his company is not going to make a bid for bankrupt Spirit Airlines' assets if they become available.

Spirit filed for bankruptcy protection last month for the second time in a year after a previous reorganization failed to put it on firmer financial footing. The discount carrier's restructuring will involve shrinking its network and fleet, which is expected to put a variety of its assets up for grabs for competitors.

Kirby, however, told Reuters that Spirit's airplanes, slots and routes "just don't work" for the Chicago-based airline. He said it would take two to three years and cost $15 million per airplane to reconfigure the budget airline's fleet, making it "impractical" for United.

Similarly, there are not enough gates for United in Spirit's key markets like Fort Lauderdale in Florida, he added.

"It's not in our wheelhouse," Kirby said in an interview. "And so we're not going to try to do that."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Norwegian to buy 10 aircraft from Boeing
Norwegian to buy 10 aircraft from Boeing
Mar 2, 2025
COPENHAGEN, March 3 (Reuters) - Budget carrier Norwegian said on Monday it had agreed to buy 10 Boeing 737-800 aircraft that are currently part of its leased fleet. ...
Ex-Barclays CEO Staley appeals UK ban over Epstein statements
Ex-Barclays CEO Staley appeals UK ban over Epstein statements
Mar 2, 2025
LONDON (Reuters) - Former Barclays boss Jes Staley will on Monday mount a high-profile appeal against his proposed ban from Britain's finance industry, which will once again highlight his relationship with disgraced financier Jeffrey Epstein. Staley - also a former executive at JPMorgan, where Epstein was once a major private banking client - has been battling to clear his name...
British self driving startup Wayve enters Germany with new testing and development hub
British self driving startup Wayve enters Germany with new testing and development hub
Mar 2, 2025
March 3 (Reuters) - British startup Wayve will establish a new testing and development hub in Germany, deploying a fleet of test vehicles in the Stuttgart region, the self-driving technology firm said on Monday. The self-driving technology firm, which focuses on Embodied AI that can learn from and adapt to human behaviour, said the new hub will focus on enhancing...
India's Sun Pharma aims to launch its obesity drug in five years, managing director says
India's Sun Pharma aims to launch its obesity drug in five years, managing director says
Mar 2, 2025
By Rishika Sadam MUMBAI, March 1 (Reuters) - India's largest drugmaker by revenue Sun Pharmaceutical is aiming to launch its experimental anti-obesity and type 2 diabetes drug in the next four to five years, Managing Director Dilip Shanghvi said on Friday. The company is among many Indian drugmakers looking to grab a slice of the growing weight-loss drug market, which...
Copyright 2023-2026 - www.financetom.com All Rights Reserved