Desperation that they can't simply "cut their losses" as much as they'd like to. The BOD and shareholders aren't going to let them simply tank a 500 million dollar investment. ExpressJet is 60% of SkyWest Inc. I know the trendy rhetoric from skyWest Airlines is "ha ha, throw out the bad apples", and I'm sure they'd like to, but it's just not that simple. They're going to have to come up with a real plan to settle these contracts and eliminate operational inefficiencies (also known as reform in A-Tech, specifically OCC). If they don't, the future of SkyWest, Inc is not bright. Unfortunately, they have no clue how they're going to do this.

Yes, I'd call that desperation.