I really do appreciate the gesture, and I know given the challenges airlines, and indeed the whole world is facing, this will sound incredibly selfish, but here goes anyway.
Unfortunately, this won't be of any use to me, as I've already retained P1 until May 2021, so won't qualify for the status extension. Given the COVID-19 situation is expected to last at least six months, it means I'll get maybe six or seven decent months of use of the benefits I've actually earned, and then I'll likely no longer be P1, as I won't have returned to adequate flying to retain for 2022.
I know this is a completely self-centered view, but it's a scenario I'm sure many of us are facing. Just want to put it out there for discussion!
Hopefully they consider adjusting on a rolling basis depending on how long this situation goes on. Having said that, they may not be in a position to if it really drags.