As a guardsman and airline pilot, I now live in domicile (Boston) with Jetblue. Moved to live in domicile about a year and a half ago. Reason: QoL, period, plus my career in the Guard was stagnating. My seniority allows me to bid day trips and pretty much days off that I want. In regards to mil leave, I take it only when I need it (deployments). I usually bid my UTA/AFTP's on my days off, and still manage to have a decent amount of days off with the family and pay the bills. Again, like with everybody else said, YMMV. I don't think I could commute, but if I had to, I would (i.e. we merge with another airline, etc.). There are guys I fly with who commute to both their job with us, AND to their Reserve/Guard jobs. My head nearly explodes when I meet these guys.
Not trying to show off, but merely point out that airlines are coming full circle from their 11 year suck period.
I've been telling everyone this for a while...some, if not most of the Regionals are going to go Tango Uniform. It is because of what JS said and that the a couple of the legacies are coming up on CBA renewals and they will probably vote back their scope. That and the Regionals just simply don't have the cash to increase pay for their pilots. In my opinion, this was the plan from the get go. I think these Legacy CEO's and BOD's knew what the hell they were doing.
The only Regionals that are going to survive are the ones that are going to go back to the old "Essential Air Service" business model of the 1980's and 1990's. The same service you see going into some sh!tty little podunk airport that cannot support a 717 or even a CRJ-200 for that matter.
Sounds like what similarly happened to the American Airlines A300 that lost its vertical stabilizer during severe rudder swap after hitting wake turbulence. This is the crash that happened over Rockaway, NY the month after 9/11.