Business
Alan Joyce’s pay falls to $1.7 million as pandemic clips Qantas’ wings – Sydney Morning Herald
The Qantas CEO’s latest pay cheque has dived from the $24m he received in 2018 after the COVID-19 crisis virtually grounded the airline and pushed it to a $1.9 billion loss.
Qantas said the $1.2 million value of the bonus shares awarded to other key executives was less then what they sacrificed during the year after accepting a three-month pay freeze when the pandemic first hit. Total executive pay fell from $22.4 million in 2019 to $6.9 million, the annual report shows.
The long-term bonuses were awarded because Qantas’ share price while down 44 per cent since January and down 32 per cent over a three-year period was still performing better than a group of 18 comp…
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