Don't forget that the XL demise will create a loss of confidence in the holiday industry so any need for expanson if other airlines won't necessarily materialize.
Because of the collapse of XL there will also be a number of qualified type rated pilots in the job market who, without doubt, will find jobs long before any 500 hour CPL/IRs if such jobs exist.
Now is not the time to be a wannabe looking for the first airline job.