Qantas chief executive Alan Joyce will pocket up to an extra $1 million this year according to the airline’s annual report released ahead of shareholder meetings.
The SMH reports Joyce’s statutory pay totalled $5.1 million but Qantas emphasised his actual pay was $3.33 million for the year to June up from $2.28 million in 2011-12. This included a $2.1 million base pay, a cash bonus of $775,000 and a further $388,000 in deferred shares.
The airline has said the pay is a reflection of the airline success, exceeding its targets on strategy, according to the SMH.
The news comes just a week after Qantas return to the black, posting a modest $6 million full-year net profit.
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