The only way to avoid this type of discussion is to wait until an airline is in liquidation, completely dead and pick up what is left. I don't think that NWA is in near-term jeopardy of going away. I don't think any of the major players are at risk in the near term. I do beleive that consolidation would help the overall industry, at the risk of the individual. In all seniority integrations, somebody thinks that they are holding the short end of the stick. Good luck.
MBB