I haven't pasted the entire article as the FT advertisers might get upset, there are apparently 8 options under consideration:
From FT.com:
http://news.ft.com/news/industries/transport
BA review includes abandoning short-haul routes
British Airways' radical strategic review of the future "size and shape" of the airline includes an extreme "BOAC option" of abandoning short-haul operations and concentrating exclusively on intercontinental long-haul routes.