I guess so; and they've also taken CAI off the list of being regional 'First' Class.
Still? I'm surprised. I'm booked on them in November and haven't contemplated booking a fall-back this time. Time will tell!
It may have been a seasonal thing re Madrid. But after 2 bad experiences with them, I have a 'thing' about IB so I avoid them. I could have flown from Malaga to Barcelona on IB in my forthcoming trip with an Avios Award, but chose the train instead, even though it will take most of the day. I've done Cordoba to Barcelona before and its quite a pleasant trip in first 'Confort' class once you got through the crowded stations.