Ballistic recovery parachute systems aren't scalable. The necessary size and weight would be completely impractical for anything much larger or faster than a Cirrus.

Commercial air travel is very safe. The few crashes that do occur usually involve flight into terrain, mid-air collisions, or structural break up. Parachutes are ineffective for those failure modes. The parachute on a Cirrus mainly protects against total engine or flight control system failures, which aren't a real concern on airliners.

Were the 737 Max crashes flight control failures?

Parachutes wouldn't help with that anyway, the crashes were just after take off.