Tag: Qantas tickets scandal

SYDNEY; Australia's Qantas Airways said its former CEO took a pay increase of 872% as he collected years' worth of long-term incentives on the way out, but added it was cutting and withholding hefty bonuses amid damaging lawsuits.Alan Joyce, who retired early this month after a regulator lawsuit accused Qantas of selling tickets on thousands of already-cancelled flights, took home A$21.4 million in the 2023 financial year, according to the company's annual report, published on Wednesday.Most of the amount was share-based incentives that Joyce was allowed to cash...