If only half of what Vortex Thing says is true, then this airline must have an awful work culture.
Now, I know, they aren't the only ones......
VTs post explains a lot. If I tried and couldn't get in, I'd come off the go around with a mind to divert, unless there was some hope that the wx would improve mightily, and soon.
I might shoot another approach straightaway, and then bugger off to my div. no way would I hold for 2 hours. In some 13,000 hours, I've never done so.
I suspect, as Vortex Thing states, that this companies operating culture played some part in what took place here.