The devil is in the detail.
HiFlyer 14 quotes:
I am pleased that the LT has recognised that we don't want a paycut, but are prepared to work harder.
However the BA letter states:
One thing that came through loud and clear from the results is that the vast majority of you who responded do not want a pay cut. Instead you want a solution that minimises the financial impact on all existing crew, with no cut in basic pay.
Note the last two words:
no cut in basic pay
Maybe I'm reading too much into this but given the relationship between basic and the allowance based pay elements there are possibly still some significant cuts in the pipeline!