Bankruptcy is a real possibility for USAirways and it is surprising none of the east pilots understand what is going on around them. From what it seems here, there is no recognition at all of an impending bankruptcy as speculated by many analysts, and the evasion of their seniority arbitration seems to be immortal (in their minds). When your revenue is down 21% yoy there aren't many quarters you can keep this up, and LCC's cash is getting low. I bet they are chapter 11 by December with a bankruptcy judge combining the pilot group- the one remaining part of a merger announced four years ago- by the early spring. Forget contract ratification and all of the silly arguments about ALPA vs. USAPA. If you are a USAirways pilot, two events are on the horizon: pay cuts and Nicolau seniority.