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How large is the Pilot Pool?

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By that I mean how many of the applicants at major airlines are qualified? I have heard stories like XYZ airline has 5,000 applicant on file and ABC has 4,000 on file. If these airlines are looking for the 1,000 hours of TJ PIC do all those applicants meet those times or can a 250 hour Comm Inst pilot send an app in just hoping to get lucky.

The other question is how many of these applicants overlap? One would assume he or she is applying to ALL of the majors at the same time.

I think management likes to report that they have say 5,000 applicants just as an intimidation factor.

So how many people are out there that have competitive qualifications to get hired by a major US airline at this time? And of those applicants are they all serious or is there a portion just testing the waters? As an example a corporate jet captain making $90K a year is not really going to start at the bottom again but may have an application on file just to see if he gets an interview.

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