Airline reducing and withholding bonuses as it battles damaging lawsuits
Qantas
Planet Business: Pre-Swift concert film hits, Qantas’s under-fire chairman, and the ascent of Novo Nordisk
Chief executive retires two months ahead of schedule following a series of embarrassing revelations about the company
Carrier denies price-gouging and hoarding take-off and landing slots in Sydney
Alan Joyce set to step down as CEO in November
Planet Business: HSE cybersecurity ‘weak link’, Alan Joyce’s successor at Qantas and why ‘godfather of AI’ Geoffrey Hinton thinks it is ‘quite scary’
Chief financial officer Vanessa Hudson to succeed Joyce, making her first woman to run Australia’s national carrier
High airfares, flexible working patterns and climate change concerns will continue to weigh on the industry
Airline was criticised for cutting headcounts during the height of the pandemic
Australian carrier also unveils A$500m share buyback programme as it reports A$2.4bn cut in net debt
Shares soar almost 10% on buyback as airline reports stronger-than-expected rebound in leisure and business travel
To be ‘Joyced’ is a word now in use to describe being severely inconvenienced at an airport by luggage delays or flight problems
Concerns about crew fatigue and looser landing rules
Planet Business: Meanwhile, in Sydney, Qantas plays a strong mascot game
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