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.

https://www.youtube.com/watch?app=desktop&v=7s2G_i3VS1g

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

  • Women In Travel

Today is your last chance to enter Travel Weekly’s Women in Travel Awards

If you’ve been sitting on the fence about entering this year’s Women in Travel Awards, then now is your time to make the leap. The Women in Travel Awards highlights the incredible work of women within the travel industry and is open to female-identifying talent across all levels of their careers. It takes just 10 […]

  • Conferences
  • First Nations
  • Tourism

Indigenous tourism drives economic growth: The World Travel & Tourism Council finds

Indigenous tourism is projected to contribute US$67 billion ($AU100 billion) to the global economy by 2034, a landmark World Travel & Tourism Council has found. This economic boom is fuelled by increasing demand for authentic cultural experiences, in countries such as Australia, Canada and the United States, among others. The report showcases the sector’s role […]

  • Conferences
  • Tour Operators
  • Tourism

Perth’s Matagarup Zip+Climb becomes world’s first member of WTTC’s ‘Together in Travel’ for SMEs

Perth’s Matagarup Zip+Climb co-founder Ryan Mossny has been named the world’s first member of the World Travel & Tourism Council’s new ‘Together in Travel’ program for Small and Medium Enterprises (SME). Announced at the 2024 Global Summit in Perth (Boorloo), today the ‘Together in Travel’ program is a unique initiative aimed at providing support and […]