Australian airline Qantas has slashed former CEO Alan Joyce's exit package, following a stint of costly scandals and legal cases.

The $21.4m payout Joyce was due to get after leaving the company last year will be cut by $9.26m, the company told investors.

Australian correspondent Murray Olds says this follows a rough business period for the airline.

LISTEN ABOVE

Australian airline Qantas has slashed former CEO Alan Joyce's exit package, following a stint of costly scandals and legal cases.
The $21.4m payout Joyce was due to get after leaving the company last year will be cut by $9.26m, the company told investors.
Australian correspondent Murray Olds says this follows a rough business period for the airline.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Advertisement