Alan Joyce has received a 56% pay cut but before you get too concerned, he still took home $10.9 million. It’s just that this year his bonuses were far less generous. Last year he received a massive bonus of $20 million under a share incentive scheme for resurrecting Qantas financial fortunes pushing his salary out…
Read More Alan Joyce cops a massive pay cut (Human Resources)
Qantas’s Sydney to Melbourne route is the second highest revenue route in the world beaten only by British Airways flights between London and New York. According to analysis by flight schedule experts OAG, the Qantas route rakes in a whopping $1.16 billion during a year or $33,000 an hour. It’s the influence of volume and…
Read More Qantas Sydney to Melbourne flight 2nd most Lucrative Route in the World (Operations)
Qantas has received its first Dreamliner (named Great Southern Land in a public naming competition) to much fanfare and a fitting tribute from Icehouse’s Iva Davies. The airline is set to receive a further seven 787s before the end of next year, with the option to purchase up to 45. It is the first new…
Qantas CEO Alan Joyce monetary rewards package has jumped to a whopping $24.6 million in 2017 (almost double the $14.3 million he got in 2016). It makes him one of the highest paid CEO’s in Australia. His base pay was unchanged at $2.1 million and his cash bonus fell to $1.7 million. However, he scored…
Qantas’ Yearly Report is in and the results are fantastic. Qantas has posted a $1.4 billion profit the second highest ever. The result was 8.6% lower than last year due to weaknesses in the resource sector and intense competition on international routes but at the upper end of the airlines guidance. Qantas profit was turbocharged…
Read More Qantas delivers second highest profit in history (Finance)
Qantas has revealed foreign investors now owns just under 47 per cent of its shares which is very close to its 49 per cent cap on foreign ownership (Qantas Sale Act). Qantas’ recent impressive financial performance has made it a desirable stock for overseas investors. Alan Joyce has previously called for the cap to be…