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Qantas Cuts Executive Bonuses After Data Breach as Alan Joyce Lands Final $3.8 Million Payout

The board said the reduction signals shared accountability for the breach.

Overview

  • Qantas’ annual report confirms a 15 percentage‑point cut to 2024/25 short‑term bonuses for the CEO and executive team, removing A$250,000 from Vanessa Hudson’s payout and A$550,000 in total from five other leaders.
  • The airline attributes the cuts to a late‑June intrusion at a contact‑centre vendor that exposed data on roughly 5.7–6 million customers, with investigations continuing and no financial data compromised.
  • Hudson’s total remuneration rose about 44% to roughly A$6.3 million year on year, reflecting higher base pay and long‑term incentives despite the bonus reduction.
  • Qantas reported an underlying pre‑tax profit of about A$2.39–2.4 billion for FY25, citing stronger operations, customer satisfaction and employee engagement.
  • Former chief executive Alan Joyce will receive about A$3.8 million after his 2023–25 long‑term incentive vested, a tranche the board left in place after earlier remuneration sanctions.