A few things about SWA:
First the type rating does not save SWA much, if any, money at all. You must still go through indoc and systems training at SWA. Plus you have to go through new hire sim training at SWA, just like any other airline. Additionally you must pass an FAA monitored upgrade ride when you move to left seat. You must still go through IOE when upgrading to captain. And you must still have an FAA line check when upgrading. You go through the same rides when you upgrade, with or without a type rating. Having a type does not save me, or the company, any of the expense. The only difference is they don't fill out a new temporary airmans certificate at the end of your check ride. So where in the process does SWA save money if they still do the same process that everyone else has to do?
Second, where do you think the money is going when you pay flight safety for new hire training? You don't think your company has a nice financial arrangement with FSI for that training? If they didn't then the airline wouldn't be in business with FSI. Southwest does not get a kickback from anyone when you get a 737 type rating. So there is no financial gain there.
Third, the type rating you get is not company specific training that ceases to exist when you leave an airline. With PFT, when you leave the airline you have nothing, absolutely nothing, to show for your investment. When you get a type rating, you have something tangible that you can put on a resume. While most airlines may not specifically require it, when the industry is in a slow hiring phase, a type rating can help land you a job.
Lastly, any airline that requires an ATP is PFT under your definition. The ATP is not required to occupy the right seat in any airline and many airlines will provide it to you when you upgrade. And no airline is going to put you in the left seat to start out.
PFT is plainly paying your company for training that the FAA requires them to provide. This training is company specific and cannot be transeferred anywhere else. SWA does not fit that.
Just because you don't like something does not mean it is PFT. Call it something else, but don't apply a name that does not belong.