Sept 20 (Reuters) - Qantas Airways (QAN) :
- APPLIED ITS DISCRETION TO REDUCE SHORT TERM INCENTIVES FOR SENIOR EXECUTIVES FOR FY23 BY 20%
- WHILE CUSTOMER SATISFACTION LEVELS IMPROVED DURING YEAR, THEY ARE WELL BELOW WHERE THEY SHOULD BE
- AFTER APPLYING 20% REDUCTION, WILL WITHHOLD BALANCE OF FY23 SHORT TERM INCENTIVE FOR SENIOR EXECUTIVES WHILE MATTER WITH ACCC PROGRESSES
- HAS SIGNIFICANTLY INCREASED WEIGHTING ON CUSTOMER OUTCOMES FOR REMUNERATION IN FY24
- FOR ALAN JOYCE’S FY23 REMUNERATION FURTHER A$8.3 MILLION OF TOTAL ADJUSTED A$21.4 MILLION IS SUBJECT TO CLAWBACK SHOULD BOARD DETERMINE NECESSARY
- RECOGNISE IMPORTANT ROLE OF ACCC AND COMPANY HAS COOPERATED FULLY WITH ITS INVESTIGATIONS
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