I suspect it's really a case of as you were.
Some routes cut and some capacity reduced to allow for at least one new route and increased capacity elsewhere.
Depending on your stance, it can be spun positively or negatively.
That's old enough news Poitiers and nice were cut a few weeks ago and reduced frequency on Manchester Munich and Paris - if the Edinburgh route comes to fruition will replace most of the capacity loss although I don't see any extra capacity on additional services being added ??