My version:
A) What do you do?
B) I'm an Airline Pilot
A) Oh, wow fantastic (looks suitably impressed). Who do you work for?
B) Ryanair
A) Oh. (Now looks like I just told him I'm a kiddy fiddler).
I get a similar reaction but not because of the company I work for, it's the aircraft type that draws the demoralizing reaction from people.
When I tell people and they look up "Twin Otter" on-line and see it, they're like, "you paid 80k to fly that thing?!"
I don't feel a like of pride when I get this familiar reaction I think, I'm not sure how I feel but it doesn't make it seem all worthwhile that's for sure!