United Airlines Won’t Bid For Bankrupt Spirit’s Assets

United Airlines (NYSE: UAL) CEO Scott Kirby was quick to point out in recent conversations that the airline will not bid for Spirit Airlines’ assets, which Kirby anticipates coming up for sale as the airline slowly begins to exit markets. Spirit Airlines (NYSE: SAVE), despite its extensive financial difficulties, continues to own numerous aircraft, landing slots, and route rights, all of which could soon come up for sale. Purchasing Spirit aircraft would require United Airlines to reconfigure the jets and slots, and Kirby believes that these assets do not fit well into United’s dynamic network.