American Airlines Group Inc. and JetBlue Airways Corp. on Thursday announced an alliance that the carriers said would speed their recovery from the pandemic-driven travel downturn by boosting their position in large Northeast markets. The two airlines want to market each other's flights and link loyalty programs to improve their competitiveness at the three New York area airports and in Boston. The move comes even as the recovery in leisure flying is stalling because of rising Covid-19 cases and business bookings remain dormant."

(Source: https://www.wsj.com/articles/american-plans-alliance-with-jetblue-11594902601Links to an external site.. If you do not have full access, you can refer to the attachment.)

A hypothetical student of mine cheered for it, saying "Professor, they are really wise. Although it may be a risky movement, they may fill the vacuum and gain market power in Northeast markets while their competitors are struggling. Yes, they are suffering as well. However, AA is a big company and I believe they have some resources to sustain until their strategy takes effect."

Do you agree or disagree with this student? Why? Explain based on the "Econ" and/or "Human" perspective(s).