I am sadly with Curtain Rod on this one.
Airlines are nothing more than big corporations like banks and car manufacturers, etc. these days.
The cost of accidents are cheaper than the cost of proper crewing, training, rest and rostering.
Safety is not the number 1 priority. It is barely a priority. Safety has been shown to be cut to meet the minimum legislation, in the same way that rostering practices and FTL's are not limits but goals to achieve maximum efficiency.
Until passengers stop traveling and lawmakers/ regulators actually oppose the cuts and hold the big bosses accountable, the lack of care and race to the bottom will continue.
Cathay is becoming just another Asian LCC.