Qantas now has 2,000 surplus crew (crew that it does not need) as a result of the capacity changes. This could be bad news for some over the horizon. Suspect VR's will start, before forced, if they decide not to hold out...
EK will just down size their routes to the B777
Except EK has 142 A380's. Not so easy compared to 12. That is a lot of crew, and a lot of metal. They will feel a lot of pain - but they'll be fine. No ME government will ever allow their national carrier to collapse. Never going to happen.