The Cathay Pacific Group does not expect to recover to pre-pandemic capacity levels until the end of 2024.
The Hong Kong-based parent of Cathay Pacific and HK Express is projected to resume 70% of pre-Covid passenger levels by the end of next year.
The group is adding 3,000 flights until the end of December and reach one third of capacity.
The 2024 projection is ahead of the Asia-Pacific traffic forecast issued by Iata.
The airline organisation said it was committed to restoring passenger capacity and connectivity to the Hong Kong aviation hub as anti-pandemic restrictions are eased by the local government.
Cathay Pacific said it remained confident about the long-term prospects for the aviation sector in Hong Kong, as it looked forward to the complete removal of all travel constraints.
Chief executive Augustus Tang said: “The group is on track to achieve its target of operating up to one-third of its pre-pandemic passenger flight capacity levels by the end of 2022.
“This represents a doubling of the capacity that we offered in August and is approximately eight times the average capacity the airline operated in the first half of 2022.
“As the Covid-19 situation eases, airlines around the world have been rebuilding their capacity. This requires the global aviation ecosystem, including airports, suppliers and our own airlines, to undertake a substantial amount of preparation with regards to crew and ground employees, aircraft reactivation and recruitment.
“This is a challenge faced by airlines, industry suppliers and airports around the world and one which takes time and robust planning to overcome.”
He added: “We are taking a measured and responsible approach to managing our own road to recovery, with a need to address challenges that are unique to Hong Kong.
“The city’s borders were closed for much longer than other markets and importantly, aircrew in Hong Kong were uniquely under quarantine constraints that weren’t lifted until September.
“Despite all this, our recovery trajectory is in line with other carriers that don’t benefit from a domestic market in terms of the time taken since borders began to open.
“Importantly, we have sufficient pilots, cabin crew and operational employees to support our current flight schedules, and we are confident that our ongoing recruitment plans will ensure this remains the case throughout the recovery.
“The short-term bottlenecks lie in the recertification of pilots who have not been flying regularly for a long period of time and the reactivation of aircraft. We have been bolstering our capabilities to expedite this process.
“As we continue to increase our passenger flight capacity, we also look forward to the completion of the three runway system at Hong Kong international airport in 2024 which remains pivotal to the long-term future of the hub.”