The bonus would be paid out once Allegiant and its more than 1,000 pilots forge a new collective bargaining agreement.

Although JetBlue has made significant cuts to its 2023 earnings outlook, its operating revenue in Q2 grew 6.7% year-on-year to $2.6 billion.

United recently reached a deal with its pilots that provides cumulative 34.5%-40.2% increases in pay rates over four years that American's pilots seek to match.