Facts as I believe them:
We are recovering.
Pilots will retire and replaced with new.
Airframes will be retired and replaced with new.
The economy will improve and then it will get degrade. It's cyclic. Always has been, always will be.
The population of this world is growing. It is also growing at a rate that exceeds the growth of aircraft seats available.
The internet, and telecommuting, and all that electronic stuff will never replace human interaction. You can never shake hands, touch an object, see a sunset off the beach, or smell an aroma over the phone. Travel will never die!
The gist of all this is don't look at the industry through a straw. Yes, it's limping right now, but it is still walking. It won't be too long until it's running. I also truely believe that airline management has/is using 9/11 as a tool for correction to the over-inflated business model. They are developing solutions that will allow for greater future stability and more conservative growth. While it is very painful to be furloughed, I believe that once these pilots are back, they will be back for good.