Emirates are the 4th largest airline in the world in terms of scheduled passenger km flown and 5th largest in number of countries served, surprisingly though they are quite down the list in terms of fleet size, revenue and total passenger numbers.
https://en.wikipedia.org/wiki/Larges...s_in_the_world
This makes them especially vulnerable as they rely on moving passengers long distances between different countries. Whilst almost all airlines have been severely affected by COVID - 19, those with a more diverse business base or more regionally focused in a less affected part of the world will be better off.
Airlines with a strong domestic network will recover quicker as travel will likely be limited to within the country as restriction are lifted and local holiday destinations replace international ones. European focused airlines may soon have most of their network back as travel bubbles expand.
Unfortunately, large portions of EKs network such as India, South America and Africa will still be off limits for some time to come and travel bubbles will prohibit mixing passengers from all over the world. Europe to the Far East may have to be non stop, and Europe to Australia may have the intermediate stop restricted to fuel, crew change and cargo only.
The premium cabins will be largely empty due to cutbacks, however the price differential may be less as economy fares increase and business/first class gets heavily discounted.