Not clueless. They rolled the dice and it’s not gone their way. Their entire operation has now become marginalised with their core Saab operation now an ageing unessential contributor in Australian aviation. They might find in a few years they need to cannibalise their own fleet for spare parts should they continue.
They might hang around for quite a while yet, but shareholder wealth destruction is a pretty sure thing. It’s a dead operation walking as a resurgent Virgin and of course Qantas literally steal their daily lunch. Only one of Virgin and Rex will survive in any significance…it’s clear to me who that is at the moment.