Hot rumors are that Emirates may cancel half its A380s and buy the 747i instead. It may be worse than any of us believed:

Tim Clark, President Emirates Airline said: “Emirates has been advised by Airbus of a further 10 months delay to its A380 programme, which means that our first aircraft will now arrive in August 2008. This is a very serious issue for Emirates and the company is now reviewing all its options.” -

Bloomberg reports: “This is a very serious issue for Emirates,” spokesman Mike Simon in a phone interview today, reading from a statement written by President Tim Clark. “We’ve started a review to see how we can minimize impact on our expansion plans.”

"These are very strong words for Emirates and catastrophic news for Airbus," Doug McVitie, managing director of the Dinan, France-based aviation consulting firm Arran Aerospace.