From a couple of conversations I've had recently, IBT is cautiously optimistic that Horizon might avoid furloughs, since their math says that we won't quite hit the amount of overstaffing required, and if we did, it probably wouldn't be for long enough for the furlough to make economic sense.
I also talked with someone in management (so take this with a ton of salt), who thinks Horizon is in decent shape moving forward. As of now, the plan is for all our parked airplanes to be back on the line by the end of June, with more flying being added in July and August. They did say that Skywest would probably have flying removed proportionally if we furloughed, but made it clear AAG would never get rid of Skywest entirely.
Come September, no one in management or the union has any clue exactly what the industry might look like and how bad the fall slowdown will be, so there's still a lot of unknowns, but I'm getting the impression that junior Horizon folks are probably in a better position than junior Alaska people come October 1.