IMO flying experience is only part of the equation. Right now they are really honing in on people with broad experience, like check airmen, military, chief pilots, etc. For sure, line PICs are being hired, but they can still be picky at this point. Having 12,000 hours of 121 experience checks off a box, but if that's all you've done is line flying, you're in a large stack of others that look just like you. To HR, a 5,000 hour 121 captain looks very similar to a 12,000 hour 121 captain.

Keep updating and be patient! With the retirements just starting to tick upwards, I'm sure most of you will have your chance.