The latest AVX cover is a crushing battle between a Juggernaut fueled Colossus and Red Hulk. The Avengers Versus X-Men #2 variant is by Nick Bradshaw, new artist on Wolverine and the X-Men. Bradshaw created variant X-title variants for the Regenesis relaunch.
Red Hulk and Colossus fighting while Namor has his grip around Ben Grimm and other Avengers and X-Men are defeated in murky water. Is this a downed Quinjet, X-Wing or SHIELD helicarrier?
For more on AVX here’s the Marvel.com link.