There is only 1 sure thing and that is that things will ramp up again, although it may take a while. Those Pilots being made redundant will be needed again.
Its short sighted "quarterly cash return" style American Management that thinks its smart to make Pilots redundant when they will be needed again.
So, if there is real solidarity among NS Pilots and an intelligent Union, why not ask for volunteers among those who may retire and others who may want to go, then go to Management and suggest keeping everyone else employed at 66% salary.
Everyone stays current, everyone can at least eat and the employer is well placed when the upturn comes.