Australian airline Qantas withholds some of Ex-CEO Alan Joyce’s payout after controversy

Mr Joyce, originally from Dublin, recently said that after 15 years running the national carrier he was bringing forward his planned retirement date.
Australian airline Qantas withholds some of Ex-CEO Alan Joyce’s payout after controversy

Earlier this month, Mr Joyce announced he would leave his job immediately, two months earlier than planned, following a series of embarrassing revelations about the company. Pic:  AP Photo/Rick Rycroft, File

Qantas Airways withheld some of ex-CEO Alan Joyce’s A$21.4m (€12.9m) final payout after the airline illegally sacked 1,700 staff and was accused of selling fake tickets on thousands of cancelled flights.

Bowing to public outrage, chairman of the Australian airline Richard Goyder retained A$2.2m of Irishman Mr Joyce’s short-term bonuses, while a further A$8.3m is subject to clawback, the airline said in a statement accompanying its annual report.

You have reached your article limit. Already a subscriber? Sign in

Continue reading for €5

Unlock unlimited access and exclusive benefits

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited