Qantas airline cuts executive bonuses after cyber attack in July
The airline Qantas has cut one of the bonuses for the management team – as a consequence of the cyber attack in July.
(Image: Qantas)
As a result of a cyberattack in July, the Australian airline Qantas has cut part of this year's bonuses for the CEO and senior managers by 15 percent. This is revealed in the annual report published for this financial year.
In the case of the new CEO Vanessa Hudson, this corresponds to a reduction of 250,000 Australian dollars, equivalent to around 141,000 euros. Hudson receives a basic salary of around 1.4 million Australian dollars (AUD) plus a total of 4.9 million AUD in bonuses. As the reduction only applies to a portion of the various bonuses, this is not higher in absolute terms. At the current exchange rate, their annual salary including bonuses is equivalent to a good 3.5 million euros. The bonuses of the remaining five senior managers will fall by a total of AUD 550,000 (EUR 309,000). The management team includes Andre Glance, head of the independent subsidiary Qantas Loyalty, and Rob Marcolina, CFO of the entire group.
Cyberattack in July
Qantas Group Chairman John Mullen justifies the reduction with a cyberattack to which the airline fell victim. "Despite the strong performance, the Board has decided to reduce annual bonuses by 15 percentage points due to the impact of the cyber incident on our customers. This reflects a shared responsibility while recognizing ongoing efforts to support customers and provide additional protections for customers," Mullen explained.
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In the attack in question, cybercriminals gained access to the data of millions of Qantas customers in early July 2025. However, no credit card information, personal financial information or ID details were lost.
(mma)
