Would second the advice of those who say you need to be very mindful of your own long-term interests and look for landmines there. My own first big job was at a high-profile company that had pay and benefits well above average, but also was to go into a big downsizing spiral. It's a lot more fun to work for a growing company than a shrinking one. With all that has happened to airlines, why are they filling a job like that from outside with a fresh grad? Is it for skills they can't otherwise find, or are they going to ask you questions to poke at your tolerance for long hours, pay cuts, reduced benefits, etc.? Are they maintaining a system with too many benefits tied to length of service? (definitely dicey with airlines). There was a thread in the CO forum a few months ago about what that airline did to its own management employees. Also, if the whole industry is downsizing (and do note the shrinking legacy carriers are the sharpest YM practitioners), you want skills that are portable outside the industry.

Sorry to be such a downer, but if I knew then what I know now...