American Airlines Claims No Earnings Impact From Northeast Alliance Verdict: Report

A federal judge last week ruled that American Airlines Group AAL and JetBlue Airways Corp JBLU must cease their alliance, ordering the businesses to break up within 30 days.
The judge stated that partnership "substantially diminishes competition in the domestic market for air travel."
AAL's CFO Devon May states that the court ruling on the Northeast Alliance with JetBlue will not impact the carrier's earnings, reported Reuters.
"It's a big deal for our New York strategy. It is not something that's meaningful to our earnings," May stated at the Wolfe Transportation and Industrials conference.
The Northeast Alliance was created in July 2020 to coordinate flights and pool revenue while competing against the New York-area and Boston-area market leaders Delta Air Lines DAL and United Airlines UAL.
Price Action: AAL shares closed higher by 4.20% at $14.38, and JBLU higher by 1.04% at $6.83 on Thursday.