Yep, and Delta partners with NWAir also.
But if NWA sold you the package, aren't they responsible for getting you there....?
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Eventually, but not necessarily within the original time frame. Depends on if the flights originally scheduled are still flying, availability of other flights, if the partners will accept the endorsed tickets, etc.
I would recommend if you're really nervous about it, get a PAPER ticket now. Yes, you'll have to pay more for it, but it'll make the process of endorsing it over to another carrier much easier. If the pilots go out and NWA goes out of business, it's a nightmare getting etickets transferred.
As an aside, under federal law, if NWA does close their doors, other carriers are required to accept your tickets for a $50/person/OW fee on a *space available* basis. Make a list now of alternative routings on different airlines which would get you there. Check the seat availability where you can (usually you can see the seats on Orbitz). Keep it updated. The second you hear that something's happened, call NWA and tell them what you want to be moved to. By having that information prepared, you'll be ahead of the game and ahead in line to get reassigned. The reservationist will love you and you're much more likely to get what you want.