It would be interesting if they made the cut-off 3 ATPL exams. I'm not sure that anyone takes them in batches of three. Four to six or more at a time seems to be the norm, so three passes would be a 50-75% pass rate which one would hope is not what AL would be looking for.
Speculating on what the recruiters are looking for or not is almost certainly a waste of time and the mix of who does get through will probably not be seen as those who do will be too busy training.
Personally I see it as a positive that AL are not automatically barring those who have shown a level of motivation already to achieve their goals and likewise, there are certainly some competent individuals who have never thought of flying, or didn't have the resources for whatever reason to even start, who will make excellent pilots and also deserve the opportunity.