Christ you had one really bad year, bad fuel hedging decisions seem mostly responsible. Look around the world though, for decades in the US for example all the major airlines barely stayed afloat and every one went through bankruptcy.
Billions and billions were lost.
Cathay is still sitting on a gold mine with one of the best locations in the world, a superb franchise and still a very good name, you're not going out of business.
A readjustment is necessary but the profits will be back I guarantee you.