Qantas slashes former CEO's exit pay after damning governance report

Decision marks gloomy footnote to the 15-year rein of Dubliner Alan Joyce at Australia’s dominant airline

Alan Joyce: The report said there was 'too much deference to a long-tenured CEO who had endured and overcome multiple past operational and financial crises.'

Australia’s Qantas said it was cutting its former CEO’s exit bonuses by A$9.3m (€5.5m) after an external review found him responsible for measures alienating travellers, employees and shareholders in the covid era and beyond.

The decision marks a gloomy footnote to the 15-year rein of Dubliner Alan Joyce at Australia’s dominant airline, who brought forward his retirement to last September under a cloud of lawsuits alleging unfair pandemic sackings and selling tickets to cancelled flights.