Qantas CEO Alan Joyce faced a grilling over his decision to sack thousands of staff in 2020 – insisting the airline was facing just weeks of survival - as he announced the airline had posted its third consecutive annual loss.
The Flying Kangaroo said in a statement to the ASX in July that it would pay four executives in company shares valued at more than $4 million.
Qantas on Thursday revealed its third consecutive loss of more than $1 billion since the start of the COVID-19 pandemic.“That brings our total losses since the start of the pandemic to more than $7 billion and takes lost revenue to more than $25 billion,” Mr Joyce said. Mr Joyce conceded the airline’s service was not where it should be but insisted Qantas is working towards being back to what it was once know as.
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