Get more hours and if nothing happens then, maybe add some ratings on to show you won't fail another checkride. It's a gamble and could be option 'Z'.

Yeah, but from SWA....slightly different bar you're jumping over, there.

But it still feels the same when you take it on the knees.

That sucks bro, I've gotten one of those in my search for a job and it hurts. That is interesting that as hurting for qualified canidates as airlines are, three of them turn you around out the door. Any other marks on your record besides the failures? I've heard of a few people getting hired with 2 failures earlier when mins were 1000TT, and the CFI initial is a very commonly failed.

If I read the OP correctly you have a total of three failed checkrides and only 800hrs, and weren't invited to any interviews. You just have to keep getting more hours and don't fail anymore checkrides. Instruct for another year and get an ATP on your own, if something else doesn't come along before then.

At this point the airlines are looking for someone they think will make it through their training program. The three failures stand out too much.

It's actually harder to get on there than at a regional currently. I've had an application in since 2009 (which is coincidentally the last time they accepted off the street applications, and will potentially be the last time they do so for a long time) and I just got the call to interview two weeks ago. If I were to go and get an offer then it'd probably be 2013 or later before I saw the Academy. There are people who've had offers for 2+ years still waiting on a class date. 1/3 of the work force was hired in the last 5 years, so the bubble just recently kind of burst.

Though, to address the OP, you just gotta fly more, man. There's a boom right now, but in the very recent past 800 hours wouldn't have even been enough to get a rejection letter, they'd just toss your resume out. It sucks but you have to be patient. Get another 200-700 hours and you'll stand a much better chance. There's also good flying beyond the regionals if you get a little more time.

2 failures, not 3 for the op

I don't see 2 failures being the deciding factor, 3 would would be a different story. I think you just had some bad luck. Keep applying and go to a recruiting event. From reading the boards it seems hiring isn't as fierce as it was a month or two ago, or so many have gotten hired there is no one is left to blog. For all the hiring going on these boards aren't as active as they were in 2008. I think the activity on these boards tell part of the looming "shortage" story.

Guys to clarify I do have three. Not proud of it but its reality. Failed a multi private, commercial multi ( instrument portion ) and CFI initial. I did have an interview with PDT and I felt all went well. They hired guys who had less then 350TT and 25 Multi ( many who I know personally).. The 1500 Hour / 200 Hour minimum with them is not at all the case.

I feel your pain, but just as many others have told you already, you need to keep flying and trying. If American Eagle will allow you to put in another app. 90 days from now, then do it. Don't let your failed rides take you down with them. I know someone who was recently hired by one of the larger regionals who had his own failures and still lacks a 4 year degree. If they can do it, you can do it. Keep trying and good luck.