However Airbus was just wrong on the business side. It was the wrong plane built with old technology at the wrong time.
It’s also not clear why Airbus didn’t focus more on a freight version. The Boeing 747 is rarely used as a passenger plane anymore but Boeing realized these aircraft would have a second life as freighters hence why the nose section is as such (you can chop off the nose and put a giant door there for cargo). The 747 will continue as a freighter for many years to come.
Sadly it’s likely that many of the currently grounded A380s will never take off again.