It's a pity you added the words low cost to your post because otherwise IMHO it is spot on! Standards should be determined and enforced by the regulators. Globally, they fail dismally.
OK, I'll accept that correction.
FWIW, I have a number of close friends who fly with American major airlines (we all share a military background, and some of us were in training squadrons together as instructors).
While they are not all that pleased with the training opportunities, versus box checking, I get the idea that they each have a corporate culture where training is a bit more than a box check. But maybe that's getting worse, not better, as time goes on.
@Golden Rivit: thanks for the link, nice refresher. I note that the training film is dated in 1997.