Brace position: Qantas enters another week of turbulence with calls for cuts to be made to CEO’s bonus

Young air stewardess suffering from headache on an airplane.
Edited by Travel Weekly


    There is mounting pressure on Richard Goyder, Qantas’ chair to use provisions in the airline’s contract with outgoing chief executive Alan Joyce to hold back on paying out some of the CEO’s bonus due to recent legal action from the Australian Competition & Consumer Commission (ACCC), according to The Australian Financial Review.

    The report says Goyder will soon meet with Qantas’ biggest shareholders following the announcement from the ACCC.

    The watchdog announced it would take action against the airline over allegations it sold tickets on cancelled flights, with potential fines likely to be in the hundreds of millions.

    Share pay out:

    Last week, Alan Joyce received shares worth more than $10m following the airline’s record $2.5 billion profit in the last financial year.

    In a statement to the ASX, the airline said Joyce received allocations directly as well as via his interests in Alan Joyce Pty Ltd and as trustee of the Alan Joyce Family Trust.

    The The Australian Financial Review says he’s been paid around $125 million in bonuses as Qantas CEO.

    Pay us back:

    On Saturday, Prime Minister Anthony Albanese called for Qantas to pay back some of the hundreds of millions of dollars it was paid during the COVID pandemic.

    According to ABC, Qantas received $2.7 billion in federal government assistance during the pandemic, $855 million of that coming from JobKeeper wage subsidy payments.

    Latest News

    • Aviation

    Low-cost Indian carrier SpiceJet continues to burn cash

    It’s not just low-cost Australian carriers that are facing hardship. SpiceJet, India’s version of Bonza, recently announced a 72 per cent reduction in its net loss versus last year. But, despite this improvement, the airline has posted losses for six straight years. But it has secured board approval to raise up to INR 30 billion […]

    • Attractions

    SAKA Museum recognised in TIME magazine’s World’s Greatest Places 2024

    AYANA Resort Bali’s newly-opened cultural and events centre, SAKA Museum has been recognised in TIME magazine’s World’s Greatest Places list for 2024. Part of AYANA Bali’s resort destination, the museum integrates Bali’s rich history with state-of-the-art facilities, making it the centrepiece for the island’s spiritual and cultural heritage. TIME magazine’s inclusion of SAKA Museum in […]

    • Cruise

    Silversea taps Barbara Biffi as senior vice president for global sales

    Ultra-luxury and expedition cruise travel brand, Silverseas, has announced Barbara Biffi as its new senior vice president of global sales. Biffi joined the company in 2007, holding numerous positions and gaining a deep understanding of the brand, the preferences of its guests and its strategic goals, the company said. An Italian national with a wealth […]

    • Technology
    • Travel Agents

    Amadeus welcomes FCM Travel as new reseller partner of Cytric Easy

    Cytric Easy, the travel management tool embedded in Microsoft Teams, is to be integrated into FCM Travel portfolio. Amadeus and FCM Travel have extended their Cytric distribution agreement to include Cytric Easy. With this new agreement, global travel management company FCM Travel, becomes a reseller of the innovative travel management collaboration solution embedded into Microsoft […]