Virgin boss wins pay wars

Virgin boss wins pay wars
By admin


Virgin Australia chief executive John Borghetti has taken home a bigger pay pack than rival, Qantas’s Alan Joyce, according to news reports.

SMH reports Borghetti took home almost $2.78 million in total salary and bonuses, up $2.66 in the previous year, despite the airline posting a loss of $356 million in the 2013/14 financial year.

Meanwhile, in contrast, Joyce collected a total of just over $2 million and did not gain any bonuses following the record-breaking $2.8 billion loss Qantas reported this year. Last year Joyce took home the title of Australia’s highest-paid airline chief executive.

According to the paper, “Qantas management is attempting to freeze pay across the company as part of efforts to strip $2 billion in costs from the business within three years. It is more than half way through axing 5000 jobs”.

*Image: Bond University

Email the Travel Weekly team at traveldesk@travelweekly.com.au

Latest News

  • News

Collette special offers across peak northern summer season

Global tour operator Collette has announced a series of special offers on selected dates across a range of tours in the peak northern hemisphere 2024 summer season. Greece The offers include ‘Greece & Its Islands’ features classics such as the Parthenon as well as the picturesque islands of Mykonos and Santorini. A saving of $700 […]

  • Aviation
  • News

Air India and All Nippon codeshare between the two countries

Air India and All Nippon Airways have signed a codeshare agreement connecting their networks. The new commercial partnership will provide more travel opportunities for customers of both India’s leading global airline and the largest Japan’s largest carrier. Effective from 23rd May, the Air India and All Nippon Airways agreement will see passengers fly to their […]

  • News

A&K offers minimum 18 weeks paid parental leave

A&K Travel Group will now provide a minimum of 18 weeks paid parental leave for both care-givers, setting a new standard for the travel industry. By providing 18 weeks of paid time off for all new parents, regardless of gender, A&K Travel Group is not only enabling parents to spend valuable time with their newborns […]

  • Cruise
  • Luxury
  • News

Seabourn announces Western Kimberley Traditional Owners as Godparents of Seabourn Pursuit

Seabourn has named Western Kimberley Traditional Owners, the Wunambal Gaambera, as Godparents of the ultra-luxury purpose-built Seabourn Pursuit. It is the first cruise line to appoint Traditional Owners as godparents of a ship. Seabourn Pursuit embarks on its inaugural season in the Kimberley region this June. The naming ceremony will take place on Seabourn Pursuit’s […]

  • Luxury

Malolo Island Resort opens brand new Spa

Fiji’s Malolo Island has added another string to its bow – opening its $1.3 million day spa on Thursday, 18th April 2024. (Lead Image: matriarch Rosie Whitton with spa staff) Located at the edge of the resort’s luscious patch of tropical rainforest, the new “Leilani’s Spa” adds another level of elevated experiences to Malolo’s already […]