Alan Joyce defends Qantas profits at Senate cost of living inquiry

📆 28/08/2023 9:05 PM

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📆 28/08/2023 9:05 PM
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Outgoing Qantas CEO Alan Joyce has been pulled before a cost of living committee for the first time in almost a decade to confront questions around fares, corporate bonuses and COVID cash grabs.

The long and controversial tenure of outgoing Qantas CEO Alan Joyce has come to a dramatic end - at a Senate cost of living inquiry.

Mr Joyce has fended off criticism of the airline's profit at the inquiry, saying Australia has one of the most open markets in the world, and he expects international fares to fall in 2024. The inquiry has been told Qantas pocketed over 2.7 billion dollars from taxpayers during COVID, money Mr Joyce says will not be paid back.The outgoing chief has also faced questions about a possible class action over flights cancelled by Qantas during COVID-19.

With the government preparing to release its aviation white paper in 2024, Mr Joyce has told the Senate committee that policies are needed to help with the efficient resolution of commercial disputes between airlines and airports.

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