Coming from a Regional background, I can't believe that I'm about to type what I'm about to type.
Management does, in fact, have a window to the bigger picture from their lofty offices. (Or on the 2nd floor in our case). In our (Avantair's) case, we have a management team that is worthy of our trust. They are also current and former pilots. I'm trusting them to guide us thru 2010, when the "experts" say that the industry will be pilot-friendly again. I'm betting my daughter's future education on it, and I'm betting that I won't have to return to landscaping again (a'la post 9/11).
As glasspilot mentioned elsewhere, we just added more aircraft and are recruiting for a new-hire class in the near future. Maybe I'm a sucker, but the guys holding the reigns over here seem to know what they're doing (with the help of some fantastic advisors), and I'm going to trust their decisions. Non union, no problems.
Netjets folks, best of luck to you.