Re: Poor choice of words..gives Emirates the opportunity to squeeze the hell out of Airbus.
Emirates has already asked Airbus to look at re-engining the A380 (i.e. new engines, better fuel economy and fuel efficiency), but Airbus ruled it out for the current moment because it's not too bad yet. It has been clear that a 'A380neo' is *not* off the table (i.e. if EngineAlliance and Rolls Royce are improving their engines significantly, they'll be interested in doing it.
Airbus has also gotten into the refurbishment business, and the first Singapore A380s have gone in for a refresher.
The A380 is not dead *yet*, but like the B747, it's on life support... ;-)