'We are seeing in the U.S. volumes at 25 to 30% of what we would expect,' JetBlue CEO Robin Hayes told CNBC.
"As we get to the end of the first CARES Act period, through to September, we're still going to be at a fraction of our normal levels. And so airlines are going to have to reset," Hayes said in a"It has the potential to cause a significant amount of job losses in the industry and an extension of the CARES Act for the industry would prevent that," he said.
for a six-month extension of federal aid to the airline industry. Negotiations are continuing on Capitol Hill over the shape and size of the next coronavirus relief package. Congress appropriated about $32 billion in federal payroll aid for the U.S. airline industry as part of the $2.2 trillion CARES Act passed in March. As a condition of the assistance, airlines were prohibited from laying off or reducing the pay rates of employees through the end of September.
But airlines have continued to face financial pressure as the persistence of the country's Covid-19 outbreak hampers travel demand — although it has rebounded from April lows, when sometimesAn average of about 662,500 people have gone through airport security in the past seven days, according to a CNBC analysis of TSA data. Over a comparable span a year ago, nearly 2.6 million people on average went through security, per CNBC's analysis.
"We all agree that we'll see a recovery at some point. I think people instinctively want to travel. There's a lot of pent-up demand for travel, lots of friends and families they put off seeing," he said. "The question is how do we bridge to that point."
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