The Hong Kong based firm anticipates it will be operating around 70% of its pre-pandemic passenger flight capacity by the end of 2023.
It comes after the group added around 3,000 passenger flight sectors from October until the end of December this year.
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.
“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 Cathay Pacific Group said it "remains confident" about the long-term prospects for the aviation sector in Hong Kong, as it looks ahead to the complete removal of all travel constraints by the Chinese government.
Tang added: “Under the 14th Five-Year Plan, Hong Kong has an important role to play in the overall development of the country. Notably, the plan reinforces the importance of strengthening Hong Kong as an international aviation hub."