EK are highly dependent on those km as they fly smaller pax numbers longer distances in large aircraft vs other airlines which fly larger pax numbers shorter distances in smaller aircraft. The link below shows EK as having the 4th highest scheduled pax kms in the world but in pax numbers and fleet size aren't even in the top ten. Ryanair have a larger fleet and carry more pax but don't make the top ten in scheduled pax kms.
https://en.wikipedia.org/wiki/Larges...s_in_the_world
In the current environment, the Ryanair business model looks the more viable, being essentially point to point over shorter distances with aircraft which are easier to fill and no reliance on premium travel. I'm well aware that the airlines are very different and cater to seperate market segments, and prior to COVID EK was a very successful and expanding business. Now things have turned upside down and the post COVID environment will be very different. Ryanair need to make few if any changes to their basic model and their market sector will recover first. EK need to completely re-examine their business plan and make major changes to suit the new order. Fleet mix, destinations served and premium cabins need to go under the microscope.
The week in Spain for the bucket and spade brigade will recover pretty quickly, long distance business and premium tourist traffic will be a long way behind.