I read on FT.com that SR are cutting 7 to 8 % of capacity and also cutting 5% of jobs (don't know from which areas).
I think BA is planning to be 12% down on ASKs vs last year yet as far as I know there has been no noticeable reduction in staffing (apart from Air Liberte coming off books).
SR obviously seem to believe that cutting jobs is going to help them - what do BA manangement know that they don't I wonder ?