The one daily flight they have now is full to the brim, any day, every day. And prices on this flight are generally 50% more than they used to be. They currently have a monopoly on the route (Not counting HV with semi-seasonal service), and are (ab)using that to the fullest.

For sure traffic has gone down, but cutting more would seem too much. At least at this point in time.

I recently flew AMS-FRA-ATH with LH and both outbound and inbound I noticed Greek parties on the AMS-FRA segment. Especially inbound on the return this was very obvious. In other words, the process of moving to competitors is already well underway.. (Myself included, over the next months I will try LH, LX and OS on the route)

Its about time for A3 and OA to merge and expand their international network to AMS. Its becoming quite clear now that OA has been reducing international routes (including Amsterdam) in order to improve chances on getting European approval to merge. Lets get that over with and start offering flights again..