Yup. In CCoM during the first career patrol in the Baltic I was lined up on a Soviet convoy when Luftwaffe dive bombers attacked and wiped it out completely.
For what it's worth, Kondors would occasionally finish off cripples after a convoy battle so it happened in the real world. Besides, if this is the worst thing to happen in your U-Boat career, you are likely to do well.
-C
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