Something tells me there will be lots of takers of voluntary furlough or a buyout/early out if one is offered.

I was given a WARN letter back during the '05 furlough, but enough people senior to me took voluntary furlough, so I kept my job. I ended up being THE junior pilot in CVG and stayed that way for 4 months or so until they started recalling. I didn't get displaced to GSO or JFK. In fact, lots of pilots took voluntary furlough and save lots of junior pilots' jobs. I think it will be the same this time around.