Swiss network changes

According to Airwise:
Loss-making Swiss International Air Lines said Tuesday it would re-jig its long-haul network from next summer to adapt the frequency of its flights to seasonal demand.

The carrier said the move, which entails scrapping flights to Sao Paulo and Buenos Aires, would allow it to cut its fleet by two aircraft in line with previously announced cuts and enhance route profitability.

Swiss said the two destinations would be serviced by a partner airline under a codesharing agreement.

Swiss is cutting costs to get out of the red and has launched a new business plan to reposition itself in the overcrowded airline industry.

The flag carrier urgently needs to stop its cash drain. It had CHF654 million Swiss francs (USD$519.5 million) in the bank at end-September after burning through CHF157 million (USD$124.7 million) in the third quarter — or CHF1.7 million (USD$1.35 million) a day.
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The article is misleading, the onwards leg from Sao Paulo to Buenos Aires is only being cut and Sao Paulo will operate at a reduced frequency along with a number of routes such as Newark and Los Angeles. I suppose Swiss can connect passengers through Madrid or London for much of its South American presence now.