I don't care where you are or what you're doing, 2008 is going to be a bad year to be at the bottom of ANYONE'S seniority list. Whether its a major/legacy/national carrier or 50 seat regional carrier, 2008 is not going to be pretty, IMHO. If I were you, I'd stick it out with a good instructing gig and wait to surf in on the next wave. You'll probably make more money and enjoy a better life style than you will clinging to the bottom of a seniority list on reserve.