I would guess Southwest's goal is more of a staff flexibility thing: if all their pilots are certified to fly all their planes, scheduling could be much easier and more effective. I don't know anything about airline management or pilot certification, but my guess is pilots are typically certified to only fly one kind of aircraft at a time, and don't typically maintain multiple certifications.
However, as much efficiency that strategy may have gained them over the last several decades, it's not one that's reasonable to maintain anymore.
https://www.google.com/search?q=Cathay+Pacific+stock&oq=Cath...
https://www.reuters.com/business/aerospace-defense/cathay-pa...
> Full year 2023 operating revenues were a record $26.1 billion, a 9.6 percent increase, year-over-year
> Full year net income of $498 million, or $0.81 per diluted share
I'll say again... They have _plenty_ of money (record-breaking, even!) to train their pilots on the differences between two aircraft models. It's not that they can't afford it, they'd just rather not spend the money unless absolutely forced to, because a better stock price is their primary goal/motivation.
[1] https://www.southwestairlinesinvestorrelations.com/news-and-...
https://www.google.com/search?q=southwest+airline+profit&oq=...
Look at March 2023, they are way up until you hit the bottom : operating income is really down and they are bleeding cash like crazy.