Qantas may have made up with shareholders, but it has a long way to go to repair its reputation
5 months ago

Qantas may have made up with shareholders, but it has a long way to go to repair its reputation

ABC  

What a difference a year makes. Qantas workers held a protest outside before the airline's Annual General Meeting started in Hobart. But even if the Qantas board wanted to leave Mr Joyce in the past, shareholder Chris Maxworthy wasn't going to give them the option. He wanted the board to reassure him that they had atoned for their sins after a series of missteps, before suggesting Mr Joyce deserves "base salary" for his two months as chief executive in the last financial year — and not the $3.4 million he was awarded. It was a clear sign that the Qantas board has been at pains to temper its executive pay and bonuses, after shareholders delivered an 82.98 per cent strike against it at last year's AGM.

Shareholders Pay Airline Alan Hobart Joyce Maren Preuss Mr Joyce Board Qantas  alan  meeting  reputation  shareholders  workers  way  airline  board  qantas  long  mr  pay  joyce  repair

History of this topic

Has former Qantas boss Alan Joyce been penalised? Or rewarded?
7 months, 3 weeks ago

Has former Qantas boss Alan Joyce been penalised? Or rewarded?

ABC  

Just imagine how you'd feel if you'd just been hit with a $9.26 million penalty. Unsurprisingly, if seen through that lens, Qantas's decision to strip former chief executive Alan Joyce of that amount left many feeling justice had been served. What Alan Joyce was owed and what was cut Photo shows Close up of Alan Joyce Here's what's been cut …

Former Qantas chief executive Alan Joyce's multi-million-dollar payout reduced by almost $10 million
7 months, 3 weeks ago

Former Qantas chief executive Alan Joyce's multi-million-dollar payout reduced by almost $10 million

ABC  

Qantas has reduced former chief executive Alan Joyce's multi-million-dollar payout by almost $10 million. Qantas paid former CEO Alan Joyce $21.4 million last financial year Photo shows Close up of Alan Joyce Former Qantas CEO Alan Joyce was paid $21.4 million in the last financial year, but more than half could be subjected to a clawback by the airline's board. …

Former Qantas boss Alan Joyce's generous remuneration package was worth millions. Here's what has been cut
7 months, 3 weeks ago

Former Qantas boss Alan Joyce's generous remuneration package was worth millions. Here's what has been cut

ABC  

When Alan Joyce left Qantas last year after more than two decades with the airline, he was granted a generous remuneration package worth millions. In June last year, Mr Joyce sold most of his $17 million worth of Qantas shares with the approval of the airline's board. When those additional shares and bonuses were factored in, Mr Joyce's total remuneration …

Qantas shareholders demand chairman Richard Goyder's resignation as investors place rest of board on notice
1 year, 6 months ago

Qantas shareholders demand chairman Richard Goyder's resignation as investors place rest of board on notice

ABC  

Qantas shareholders have demanded chairman Richard Goyder's resignation and placed the rest of the airline's board on notice as concerns grow among furious investors over the mounting cost of legal battles and reputational damage. Key points: The Australian Shareholders' Association says Qantas chair Richard Goyder must resign after recent scandals The group has also placed the Qantas board on notice …

Former Qantas CEO Alan Joyce paid $21.4 million in last financial year, $14.4 million subject to clawback by airline's board
1 year, 6 months ago

Former Qantas CEO Alan Joyce paid $21.4 million in last financial year, $14.4 million subject to clawback by airline's board

ABC  

Former Qantas CEO Alan Joyce was paid $21.4 million in the last financial year, but more than half could be subjected to a clawback by the airline's board. Key points: Alan Joyce received $21.4 million from Qantas last financial year as its CEO A short-term $2.2 million bonus has been withheld from the former CEO pending the outcome of an …

Qantas boss steps down early after scrutiny and legal suit on Australian airline
1 year, 6 months ago

Qantas boss steps down early after scrutiny and legal suit on Australian airline

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Qantas customers say the airline's $1.7b profit result has come at the expense of their loyalty
1 year, 7 months ago

Qantas customers say the airline's $1.7b profit result has come at the expense of their loyalty

ABC  

Qantas has recorded a bumper annual profit of $1.7 billion in the last financial year, but once-loyal customers with the airline say the result is at their expense. Key points: Qantas's return to profit comes after it posted an $860 million net loss in the last financial year The airline says its profitability is due to "incredibly robust" demand for …

Qantas profit predictions soar by $150m after tough year for travellers and airline boss Alan Joyce
2 years, 4 months ago

Qantas profit predictions soar by $150m after tough year for travellers and airline boss Alan Joyce

Daily Mail  

Qantas' profit expectations have soared by $150million for the first half of 2022-23 after a tumultuous year plagued by staff sackings, service delays and being dubbed one of Australia's worst companies. Airline boss Alan Joyce has copped recent backlash after it was revealed he'll pocket $4m in shares on top of his $2m-plus salary, despite travellers' outrage at service failures. …

Qantas CEO Alan Joyce apologises for airport chaos, offers loyalty program customers $50 flight vouchers
2 years, 7 months ago

Qantas CEO Alan Joyce apologises for airport chaos, offers loyalty program customers $50 flight vouchers

ABC  

Qantas chief executive Alan Joyce has apologised to customers after months of flight cancellations, delays and luggage mishandling. Qantas said it had hired 1,500 new people since April, with a statement from the company saying there was "more to come". The union's assistant national secretary Nick McIntosh criticised Qantas for outsourcing jobs and cutting workers' hours and conditions: "This is …

Qantas workers slam Australia's biggest airline: Jobkeeper, EBA, Swissport, Alan Joyce
2 years, 10 months ago

Qantas workers slam Australia's biggest airline: Jobkeeper, EBA, Swissport, Alan Joyce

Daily Mail  

Furious Qantas employees and sacked workers have lifted the lid on what it's like to work for the 'Spirit of Australia' and levelled extraordinary allegations against the airline amid a bitter court battle that could result in a multi-million dollar payout. 'The FAAA ran a scare campaign against the new deal, claiming it would mean redundancies and offshoring, despite the …

Qantas warns staff to brace for standdowns if lockdowns continue
3 years, 8 months ago

Qantas warns staff to brace for standdowns if lockdowns continue

ABC  

Qantas chief executive Alan Joyce has warned staff to brace for the potential of renewed stand downs, as closed borders and lockdowns smash domestic travel. Key points: Mr Joyce says flights are now below 40 per cent of pre-COVID levels Unions are calling for JobKeeper to be reinstated However, the TWU says Qantas has already received at least $2 billion …

Qantas hails High Court JobKeeper win as a victory for thousands of small and big businesses
3 years, 9 months ago

Qantas hails High Court JobKeeper win as a victory for thousands of small and big businesses

ABC  

The High Court has rejected an application by Qantas workers and their unions to hear an appeal of a case about how the airline used the JobKeeper wage subsidy scheme. Key points: Federal Court ruling stands, after High Court turns down application for appeal Unions "extremely disappointed" with the decision, saying workers are still owed thousands in wages Qantas has …

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