The accelerated departure comes after weeks of public and regulatory pressure on the national carrier.
Alan Joyce, who was scheduled to retire in November, has announced that he will step down as Qantas CEO earlier than planned.
Five days earlier, Australia’s consumer watchdog sued Qantas alleging it sold tickets to some 8,000 flights in mid-2022 after they were cancelled, violating the country’s consumer law. Qantas had issued two apologies, blaming tough industry conditions at the time. Even before the fares-for-no-flights scandal, Qantas was facing negative headlines over reports it campaigned successfully to have Australia’s federal government stop rival Qatar Airways from running additional flights to Australia.
But the airline’s share price had fallen 13% since the start of August amid questions over whether it had maximised profits at the expense of its longer-term reputation with customers. The shares were down slightly on Tuesday, in line with the broader market.
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