In 126 days, Qantas is set to legally steal approximately half a billion dollars from its customers.
After 15 years at the controls of Qantas, having mastered the performance art of gaslighting the nation, Thursday was the final outing ofAll of his delusions were on display as the airline revealed – and Joyce feverishly image-managed – its record $2.47 billion pre-tax profit for 2023.Dion Georgopoulos
This fabrication is a key pillar of Joyce’s hero myth. It is absolutely central to the fable in which he saved Qantas. Joyce is a trained mathematician – he understands the weight of numbers. He knows that if he repeats this line sufficiently often, people will adopt it as fact – as they surely have.Saying “11 weeks” also gilds it with the hint of precision, which makes the lie sound credible.
We’re surprised Joyce didn’t use Argentinian inflation for his calculation. That would square with his historical patterns of reasoning. “When you consider this in Zimbabwean dollar terms, I’m really not shafting you that badly.”“I’m still a very large shareholder in Qantas and I more than meet the minimum … level that the CEO is expected to hold,” Joyce said next. Literally any day now, he will receive 3.1 million Qantas shares for which he paid nothing – his glorious golden handshake.
The remaining $370 million Joyce cited on Thursday still excludes Jetstar customers and Qantas customers outside Australia . This means two things: first, that the total balance of credits is probably greater than $500 million; and second, that only about $30 million of credits have been redeemed in the two months since Qantas declared they’re now so easy to claim back.
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