From my point of view, I think this is unfair with people we are at the pool....
I can understand this line of thinking in your position although as others have suggested, this has nothing to do with fairness or time of application but more to do with what J2 needs as a business. And there is the crux in that like all airlines, this is a business.
By the same method above it is also true to say that if the situation is felt to be that unfair - maybe to be congruent with ones-self it may be better to remove the application from the hold pool and move your efforts to another employer?. Because this is a business there should never be any loyalty to one company alone i would suggest (which may sound harsh). Why? of course we have to remember that in any downturn there is no reciprocal feeling from an employer - they will shed employees as quickly as possible without any feeling of remorse.