Qantas trims executive bonuses by 15% for fiscal 2025 over cyber hack

AUSTRALIA’S Qantas Airways has cut short-term bonuses for its top executives and CEO by 15 per cent in fiscal 2025 after a cyber hack earlier this year exposed millions of customer records, the company’s annual report showed on Friday.

In July, the country’s flag carrier said a hacker had targeted its call centre and accessed a database containing six million names, email addresses, phone numbers, birth dates and frequent flyer numbers.

“While we recognise that the investigations into this incident may not be finalised for some time... it is important for both our executives and shareholders that the remuneration consequences of this incident be dealt with this year,” Qantas said in a statement.

The bonus adjustment reflects executives’ shared accountability, it added.

The cut reduced Qantas CEO Vanessa Hudson’s short-term bonus by A$250,000 (S$209,118) for the year ended June 30.

Hudson, however, earned a total of A$6.3 million for the year, up from A$4.4 million a year ago.

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Qantas’ profit jumped nearly one-sixth in fiscal 2025 on the back of sustained post-pandemic recovery in domestic travel and improved macroeconomic conditions. REUTERS