Nobody here knows if EK "failed" with the 380 or not. Nobody knows what the break-even load factor was, is or will be because it is a closely guarded commercial secret. Did (do) Emirates have too many? Almost certainly. While it is definitely the wrong aircraft for a global pandemic this mess won't last forever and coming out of it, who knows? A reduced 380 fleet could end up making good money on carefully chosen routes and there will be a lot less competition going forward. Emirates is sure to be the only 380 operator with more than a handful in service and the passengers do like it.