Yes, but putting a wide body on the route and then flying it empty seems an odd thing to do. Understandable to scale it back if it's not profitable - to me, it seems rational that the three class wide bodies (767, 777 and 787) could provide the service over a shorter distance if F isn't selling.
I appreciate you don't have to sell many £1200 Y returns to beat out the EasyJet revenue but it's still a plane that could be earning its keep elsewhere.