Servo, is there a group for Virgin pilots in your area? If not, start one and make sure you meet with others in the same position for tea and bikkies at least twice a week. Things get easier once you can talk this stuff out.
Talking it out is irrelevant as the reality for most pilots is just as he says, that there is nowhere to go. Your only two options are to hang out for a increase in aviation activity in about 3+ years time or to start again in another job in another industry. Given most pilots have spent 1/3 of their working lives just getting into an airline very few have experience or qualifications in other industries as it's just too damn hard or expensive. I think that point is completely incomprehensible to anyone who hasn't been through it. People from outside aviation just assume you can dalliance between jobs and industries just like everyone else, except that the reality is very different even more so if you are 45+.