JetBlue Airways CEO: Extension of PSP is a 'bridge to somewhere'

28 September, 2020

JetBlue Airways CEO Robin Hayes said he believes an extension of the Payroll Support Program (PSP) is a "bridge to somewhere", as he expects the industry "will significantly recover" as it enters 2021 (CNBC, 24-Sep-2020). "We don't need a full recovery in 2021 for the industry to stand on its own two feet, we just need to get back to something closer to normal, and we can take it from there", he explained. As regards the extension of PSP, Mr Hayes also observed the government will "pay for it one way or another", as there will be a "cost of unemployment" for the people who will be furloughed if the PSP is not extended.