Emirates will survive, of that I have no doubt. We all knew to do that that cuts would be need to be made. The method of the cuts, the seemingly heartless methods of selection (Pregnancy, previous surgery, cancer) and deployment of the said cuts are the problem we mainly have.
Where other major world players have managed to make small cuts to staff numbers, protect families with the pain of salary cuts shared to keep employee cuts to a minimum, Emirates have opted for the slash and burn policy, along with 50% plus salary cuts, whilst still paying money out the certain parties of 1.056Bn makes it difficult to swallow.