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CEO Alan Joyce to give up salary as Qantas slashes capacity
written by Adam Thorn March 10, 2020
Alan Joyce has announced he’ll give up his salary for the remainder of the financial year after the Qantas Group announced capacity cuts equivalent to grounding 38 aircraft.
In a dramatic morning statement, the airline confirmed rumours that all but two Airbus A380s won’t fly, with eight taken out of service due to reduced demand and two undergoing maintenance.
Qantas also said the unprecedented nature of the coronavirus crisis means it is not possible to issue guidance on earnings for the remainder of FY20.
Joyce had a realised pay of $23.88 million in 2018, according to The Australian Council of Superannuation Investors (ACSI).
written by Adam Thorn March 10, 2020
Alan Joyce has announced he’ll give up his salary for the remainder of the financial year after the Qantas Group announced capacity cuts equivalent to grounding 38 aircraft.
In a dramatic morning statement, the airline confirmed rumours that all but two Airbus A380s won’t fly, with eight taken out of service due to reduced demand and two undergoing maintenance.
Qantas also said the unprecedented nature of the coronavirus crisis means it is not possible to issue guidance on earnings for the remainder of FY20.
Joyce had a realised pay of $23.88 million in 2018, according to The Australian Council of Superannuation Investors (ACSI).