Re: Poor choice of words..gives Emirates the opportunity to squeeze the hell out of Airbus.
There is basically no demand for passenger 747's. Boeing will be happy to build you a batch if you order more than 5 or so at at time, or pay through the nose for a custom "private jet" version, but almost all of what is in the order book is freighter versions.
I think Airbus just gambled and lost. There is little to no demand for A380 sized airliners and demand will never pick up. A350/Boeing 777 class twins are large enough and much more economic to operate for most airlines who struggle to even fill those.