I can definitely echo the reality that things are changing on a daily basis. Using some pretty aggressive reductions in the following model it looks like a furlough would probably be the last thing companies would want to do since they will need those pilots sooner rather than later, thanks to many of the retirements lines up.

Probably see a concerted effort to offer incentivized early retirements, paid leaves etc to try to make their cost weight for the next 6-8 months.

http://www.audriesaircraftanalysis.com/2020/03/16/hybrid-model-covid-19/