I agree with you completely, fatbus. (What IS going on?! Is the end of the world truly nigh?
) I have been at a carrier that suffered a hull loss - not on the scale of a A380 or B777, granted - and I cannot overstate the devastation to the company it entailed: the psychological damage to the staff aside, the brand damage was not survivable. The company became a shadow of itself (GF anyone?) and eventually, folded.
The problem is, I think that EK management truly believe their own bs and think that they can quantify such a horrific event, and discount it accordingly. Not to mention pretty much all of the Costa-dwellers are only looking to stuff as much into their own pockets before the inevitable. Pretty sure when it happens they will be nowhere to be seen.