Sydney - Qantas Airways said on Friday it was considering new ways to structure pay to ensure it could retain key executives as it enters the third financial year affected by the pandemic-driven slowdown in travel.
“Our executive cohorts are talented and in increasing demand across a range of industries, many of which, unlike aviation and tourism, are experiencing high rates of growth and activity, with financial rewards to match,” he said in the airline’s annual report. Joyce’s total annual pay rose to A$1.97m in the 12 months ended June 30, up 13% from a year earlier, when he had taken a period of zero base pay, but his pay remained 80% below pre-Covid levels.
In a separate note to staff seen by Reuters, Goyder said the company would look to reward all employees if the recovery plan is completed successfully by that date.
All my achievements started with a determination to try, I took a bold decision with Lisakendriick which impact so much on my financial status.
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