Cathay Pacific needs to cut 25-33% of its entire network capacity: analysts

A similar cut in staff force is also required.

Maybank Kim Eng analysts hope for Cathay to downsize its operations and be less reliant on sixth-freedom traffic. The outdated hub-and-spoke business model needs to make way for a more point-to-point strategy, focusing on strong niche and more lucrative sectors.

"We think Cathay needs to cut 25-33% of its entire network capacity. This equates to 20- 25% of capacity and by extension, a similar quantum cut in staff force is required."