The total pay for Qantas Airways Ltd Chief Executive Officer Alan Joyce fell by 83 per cent in the financial year ending June 30 because of the impact of the coronavirus pandemic, the airline said on Friday.
This pushes Joyce from the ranks of Australia’s highest-paid bosses.
Joyce’s total pay was A$1.7 million ($1.24 million) in the financial year, down from A$9.9 million a year earlier, Qantas said in a statement.
Two years ago, Joyce was the highest paid chief executive in Australia, according to the Australian Council of Superannuation Investors (ACSI), after successfully spearheading a turnaround programme. He was ranked eighth by ACSI last year.
