Regarding furloughs I would say it depends. Mergers have been talked about for a long time now. I think they will happen in the next 18 to 24 months or less. Whether there are furloughs for a given merger depends primarily on route overlap proximity of hubs/focus cities, and what kinds of route/asset sales occur. For example a Delta/United merger has a much higher chance of creating furloughs than Delta/NWA. This is due to route overlap and proximity of hubs (ie DEN/SLC). A Delta/NWA merger has relatively little overlap and the route network could be tweaked with minor reductions. One other factor is strategic growth plans going forward. If the new combined airline has plans to open up new territory this obviously works to the benefit of the pilots of those two airlines producing growth while reducing the chances for furloughs.