Whn Jon Sweift was in charge of hiring, he told me that the interview was a one shot deal. I know that pre 9/11 you got two shots at the interview as well. I do not know the resason for the change.
I believe this is due to the fact that there are plenty of people applying. There is no shortage of pilots. The only exceptions to this are the regionals and overseas carriers such as Emirates, Cathay, SIA Cargo, Jet Airways, etc. These companies are growing their applicant pools, but are hurting for more pilots. In the US, there are just a lot of very experienced guys/gals out there looking for work.
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