Alan Joyce to stand down as Qantas chief executive after tumultuous week

Alan Joyce will leave Qantas on Wednesday after a tumultuous week for the airline. Key points: Alan Joyce will step down within 24 hours He says the company must focus on its renewal Mr Joyce says he is proud of many things he did as chief executive of the airline Qantas announced his early departure saying Mr Joyce would bring forward his retirement by two months to help the company "accelerate its renewal". Qantas needs to restore the public's confidence, chair says Mr Joyce said there was a lot of he was "proud" of over his 22 years at Qantas, including the past 15 years as chief executive. Unions demand Joyce be stripped of bonuses The national secretary of the Transport Workers Union, Michael Kaine, said the news of Mr Joyce's departure from Qantas was "the first good decision the Qantas board has made for a very long time". "Alan Joyce is slipping into retirement two months early with a $24 million pay packet, leaving one of the biggest messes in corporate Australia's history in his wake," he said.