What travel’s big CEOs are earning each year

What travel’s big CEOs are earning each year

Ever wondered what the bosses of Flight Centre, Helloworld, Corporate Travel Management, or Air New Zealand, earn?

Today, you’re in luck.

Each of these companies had their financial results come out recently, and with each of these businesses making a pretty profit, we thought we’d take a peek at the CEO salaries as well.

Almost all industry CEOs operate with a base fixed salary, that’s added to with both short and long-term incentives. However if they don’t hit their targets, these fixed wages is where the dollars stop.

Let’s dive in.

Corporate Travel Management

Laura Ruffles

Laura Ruffles

Jamie Pherous, Managing Director

Fixed Salary: $448,221

Incentives: $225,000 in short-term

Total: $679,319

2016 total: $715,447

Laura Ruffles, CEO AU/NZ

Fixed Salary: $538,462

Incentives: $360,000 in short-term & $185,623 in long-term*

Total: $1,167,589

2016 total: $1,008,345

Flight Centre Travel Group

flightcentre_041

Graham ‘Skroo’ Turner, Managing Director & CEO

Fixed Salary: $380,384

Incentives: $275,000

Total: $646,936 (excludes long service leave)

2016 total: $637,100

Bonus fact: Skroo earns the bulk of his remuneration in shares – over 15 million shares in total into Flight Centre, which will see him pocket $14.3 million when the final dividend is paid.

Helloworld Travel Limited

Andrew Burnes

Andrew Burnes

Andrew Burnes, CEO & Managing Director

Fixed salary: $455,384

Incentives: $-

Total: $482,392

2016 total: $214,083 (started February 2016)

Cinzia Burnes, Wholesale & Inbound and Executive Director

Fixed salary: $455,384

Incentives: $-

Total: $482,392

2016 total: $214,083 (started February 2016)

Bonus fact: Mr and Mrs Burnes both have investments into Helloworld shares, similar to Skroo, and in addition to individual shares, both have a beneficial interest into nearly 18.5 million fully paid ordinary shares. As of June 30 2017, the final dividend per share was eight cents.

Air New Zealand

Christopher Luxon

Christopher Luxon

Christopher Luxon, CEO

Fixed salary: $1,510,000

Incentives: $1,464,969 in short-term (payable in 2018) + $830,500 + $735,000 in long-term*

Total: $4,540,469

2016 total: $4,595,500

*long-term incentives remain at risk, given the nature of the long-term performance targets and are payable on the provision long-term performance standards are reached.

Latest News

  • Cruise

Seabourn introduces enhanced groups programs for travel advisors

Leading ultra-luxury cruising and expedition travel company, Seabourne, proudly announces the “Seabourn Enhanced Groups Program” to elevate business prospects for travel advisors. This program introduces a revamped Tour Conductor Credit that offers shipboard credits or bonus commission for bookings. It also eliminates the need for deposits for small group allotments and increases group capacity. “Seabourn […]

  • Cruise

MSC World America to become the ultimate family destination at sea

MSC Cruises’ latest world-class ship is set to redefine family cruising with unprecedented spaces and activities, including ones developed in partnership with the LEGO® group. The cruise line announced that its new flagship will feature seven distinct districts, each bringing together a range of tailored experiences. The ship’s blend of American comfort and European design […]

  • Cruise

Ponant’s latest luxury cruise expeditions for 2024 and 2025

Head out to see the beauty of unique destinations on three bucket-list explorations of Australia with Ponant Cruise’s new luxury expeditions. Known for their luxury cruises, Ponant offers unique and truly exceptional sea voyage aboard sleek and intimately sized cruise yachts. They offer a range of discovery expeditions, and launched new cruises that take guests […]

  • News

Liz Anderson steps down from CATO Board after eight years of leadership

The Council of Australian Tour Operators (CATO) has today announced that Liz Anderson (at right) will be stepping down from the Board on Wednesday June 19, concluding her eight years as a director. “The eight years that Liz served on the CATO board were the most transformative time in the Association’s history,” CATO Chair Dennis […]

  • Attractions

Comedian Josh Thomas road tests swapping day job for Tassie odd jobs

Australians are invited to tap into a 200-million-day annual leave bank* and swap day jobs for one of 10 ‘Odd Jobs’ in Tasmania this off-season including Wombat Walker, Paranormal Investigator, Wine Whisperer and Truffler Snuffler. Tourism Tasmania has today launched Odd Jobs, a tongue-in-cheek campaign designed to encourage Australians to swap their day jobs for […]

  • Aviation
  • News

Christine O’Reilly to replace Peter Hay as chair of Australia Pacific Airports Corporation

Christine O’Reilly has been named as the new chair of Australia Pacific Airports Corporation (APAC) – the owner of Melbourne and Launceston Airports. According to a release, O’Reilly will replace Peter Hay on 1 October, who retires after five years as Chair of APAC. APAC CEO Lorie Argus said O’Reilly’s appointment comes at an exciting […]

  • Tourism

The number one thing you can’t forget if you’re going to Europe & The Olympics

As the Summer Olympics in Paris draws near, travel insurance comparison site Compare the Market is urging travellers to safeguard their European summer sports dreams by getting travel insurance for when the unexpected happens. While France seems like a decently safe country to visit, it’s crucial not to overlook the potential risks that could disrupt a holiday. From bed […]

  • Destinations
  • Partner Content

The Solomon Islands’ is ‘Kulture-plus’

Be grateful that your experience of 'headhunting' is limited to some random dude reaching out to you on LinkedIn.

Partner Content

by Travel Weekly

Travel Weekly
  • Cruise

Cruise Traveller’s new Scottish Highlands cruise tour package

Australian small ship cruising specialist, Cruise Traveller, offers a 20-night land and sea holiday in the UK aboard the Lord of the Glens. The tiny cruise line’s 52-guest boutique vessel, Lord of the Glens, is purpose-built to explore the intricate waterways and lochs of the Scottish Highlands. It boasts a rich, traditional ambience with polished […]

  • Cruise

Celebrity Xcel’s keel-laying ceremony in France, with 2025 inaugural sail planned

Construction has commenced on Celebrity Cruises’ next ship, Celebrity Xcel, with a keel-laying ceremony at the Chantiers de l’Atlantique shipyard in Saint-Nazaire, France. An Edge Series ship, Celebrity Xcel will set sail in autumn 2025, with several new yet-to-be-revealed offerings. At the ceremony, Jason Liberty, president and CEO of Royal Caribbean Group (RCG), the parent […]

  • Destinations
  • Tour Operators

Globus unveils nine new independent tours for 2025

Coach touring brand Globus has unveiled nine new independent tours for 2025, from Bangkok to Bali and Abu Dhabi to Nepal. “With Globus Independent tours, our guests are free to enjoy the many benefits of touring, untethered and unscheduled,” APAC head of marketing, Globus family of brands (GFOB), Chris Fundell said. “Providing hand-picked hotel accommodations, […]

  • Hotels

Mandarin Oriental Hotel Group opens Mandarin Oriental Mayfair

The Mandarin Oriental has opened a second property in London, the Mandarin Oriental Mayfair, in the heart of historic Hanover Square. Designed by internationally renowned Rogers Stirk Harbour and Partners, the hotel is the first new build in Mayfair in over a decade. Bringing a modern architectural approach to one of London’s most storied squares, […]