Well, I hate to rock the boat the other way, but I left corporate aviation post 9/11 and hired on at AirTran. How's it worked for me?
Well, I live where I want, but have to commute. Commuting has been pretty easy, since I live near a city served by my own airline with 5 flights a day to ATL, and I generally bid lines that have an afternoon report and an evening finish, so I usually don't burn up off days commuting. I probably spend 0-3 nights a month in ATL, just depending on the weather and the line I get. We recently got FLICA, and that has been a tremendous improvement in QOL (I can trade my upcoming trips for trips in "open time" using my Treo phone or computer, so I can manipulate my schedule to get better trips- in real time).
After 5 years here, looking back, it's been a good move for me. I have been a 73NG Capt for over two years, and enjoy it, for the most part. I average 15 days off a month, never work on off days, and am making a comfortable living, especially since I don't live in an expensive metro or suburban area ($130K). My health insurance is high, but the Company put $14,000 into my 401K last year, and I also had some stock options (worth a few thousand only).
Minuses- I miss the variety of flying. I only fly to about 30 airports now, and most of them are pretty busy . . . . not too many visual approaches, that's for sure . . . I also hate having to deal with security most mornings, although, thankfully, I don't have to do that at every airport. It sure would be nice to be able to pull my car up to the airplane again, throw my bags in the external, and be done with it. I also miss the ski trips . . . and the multiple day layovers in nice places, like Telluride, CO.
BTW- strange but true:
The passengers paying $79. to go from ATL to FLL expect almost as much service as the guy paying $15,000. for it, and there are 137 of them to be p.o.'d. when something gets delayed . . . And the guy paying $15,000. can at least articulate his disappointment in a more dignified manner.
Future upside/downside . . . . who knows what the future holds? By the end of the next year, I'll be in the top third of the seniority list, so, being "out of a job" isn't really likely, but being bought or sold or merged is still a concern, to be sure. And, if that happened, I would probably get out of aviation before I would start over at the bottom somewhere else, unless it was as a street captain, which means it is generally a crappy company doing the hiring. I would go back to corporate, but it would probably require a move, and my kids would be at an age where that probably wouldn't be an option. I guess we'll see what we see. . . . .
I enjoyed my corporate days, and would go back to the "perfect job", but I don't think it exists, unfortunately. I am prepared to be corrected, though, if anyone is offering

.