Just bumped across a wee more on LW strength in the later parts on the war.
Autumn 1944, operation Market-Garden.
1st launch of a total of some thousands of aircraft and gliders, cruising for hours, slowly, as a 100 mile long convoy to Holland, the allied did not get intercepted.
A couple of days later when the second wave was sent from Britain, the LW however had 190 fighters for an intercept job.
Due to various reasons, mostly timing (refuelling and such), less than 100 LW fighters managed to be in the right place at the right time.
There was a fighter screen for cover of the paradrop. No LW fighters are reported to have made it through!
So, lots to think off really.
Firstly, the LW must have been dedicated very closely on the Bombing campaign, with extremely little flexibility on other possible events.
However, they did have the possibility to react and thus perhaps reform, given a day or two.
So there you go. At least, in 1944 autumn, the LW was able to pull 190 fighters from the hat and throw it at what they belived to be a big danger. I doubt that they completely depleted their fighter strenght though.
If they had, imagine what a mess the allied bombers could have done almost everywhere....