This company will not be training any more pilots in the foreseeable future, since we have 400 trained pilots on our waiting list who are seeking employment. The other five major companies each have roughly the same number of trained pilots on their waiting lists, and since the projected requirement of each company is for not many more than 100 additional pilots, there will be no shortage of personnel despite the current upswing in the aviation industry. 
Most of the trained pilots who are on a waiting list for a job are on the waiting lists of all the major companies, if true, casts the most doubt on the accuracy of the above conclusion.