Apparently they have been caught out putting all their winter eggs in making money out of the Canaries. The competition this year is fierce and winter bookings are way down. They got out of jail last winter thanks to the Canaries bookings.
The announcement on Monday is rumoured to be about which routes are being chopped and where the surplus aircraft are headed.
They are offering crews unpaid leave over the winter plus they are offering crews to other airlines.
GB Balpa pal of mine tells me that BA are not playing ball on renewing the Franchise either. Worrying times for a great little company I would suggest.