"Well folks I pointed out sometime ago, as it came from a reliable source that GSM were going to reduce frequencies and drop down to one based aircraft from October"
I am not sure when you have claimed to of stated this but it has been known for some time that GSM will only operate one aircraft from the end of October aka the winter season.
The recent cancellations are in line with overall demand and the end of the peak holiday season, look at what EZY& LS do at NCL & LBA etc with fequencies outside of the peak holiday season... they drop frequency.