Qantas CEO Alan Joyce doubles salary for 2017

Qantas CEO Alan Joyce doubles salary for 2017

The hotly anticipated income of Qantas CEO Alan Joyce has finally been revealed, and oh boy it’s eye-watering.

Sit down, because the figure might make your knees weak.

Joyce has doubled his 2016 salary, earning a whopping $24.58 million this year compared to $12.96 million a year ago.

So how does he stack up to the rest of the travel industry’s bigwigs? As it turns out, Joyce stands well ahead of the rest.

Although the CEO’s contribution to the company cannot go unnoticed, turning around a $2.84 billion loss into a 353 per cent jump in share price in just three years.

In August, Joyce said his plan “well-and-truly paid off” as Qantas posted an underlying profit before tax (PBT) of $1.401 billion.

The airline also recorded a statutory PBT of $1,181 billion for the 12 months ended 30 June 2017, making this year’s results the second highest in Qantas’ 97 year history.

As well as internal do-gooding, Joyce has also made a significant contribution to the ‘Yes’ campaign for same-sex marriage, donating $1 million to the cause earlier this month.

Joyce’s base salary is $2.1 million, however, the long-term share incentive scheme which has boosted his income has made him one of Australia’s highest paid CEOs.

Joyce’s pay has jumped from $12 million in 2015 and $13 million in 2016 to $24.58 million this year.

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 […]