Former Qantas CEO Alan Joyce will receive $13.8 million in 2023, a tenfold increase in salary.

Australia’s Qantas Airways announced on Wednesday that it will give A$21.4 million ($13.8 million) in compensation for fiscal 2023 to Alan Joyce, its former CEO, who retired earlier this month. This is a roughly 10-fold increase from the previous year.

However, given that Qantas, the flag carrier of Australia, is facing regulatory problems over claims of unlawful ticket sales, which have also hurt the company’s brand, Joyce’s salary may be susceptible to modifications and clawbacks.

Joyce, who oversaw Qantas for fifteen years, announced his retirement two months early this month.

In a statement, the airline—which as of April held a nearly 60% market share—also announced that it was cutting senior leaders’ short-term compensation for the fiscal year 2023 by 20% “in recognition of the customer and brand impact of cumulative events.”

Late this month, the Australian competition regulator accused Qantas of inciting a public outcry by selling tickets to over 8,000 canceled flights between May and July 2022 without disclosing the information.

The airline stated, “As part of good governance, the board will withhold the balance of the FY23 short-term incentive for senior executives while this matter progresses.” This was in addition to the 20% reduction.

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