That has been happening for quite some time.
All operators in the Skippers size range are having similar problems, having to cancel flights, off load charters, lots of double flight days and the ineviatable losing contracts to bigger aircraft operators ( why is Alliance/Skywest/OZjet doing so well ? ).
It is a fight for survival for these companies, the company that can obtain, train and retain suitably qualified and experienced pilots will win, the ones who do not will not be in the Yellow Pages in 12-18months, it is the way aviation works.
If you do not believe me, compare the 1999 Yellow Pages Aviation section to the 2007's one.
The concept of above award wages, reasonably solid rosters, not pushing the F&D limits and being treated with a little respect wins hands down.
Not all Pilots aspire to the Airlines.