The AFR View
Indispensable Joyce became excess liability for Qantas
That the former CEO stayed on long enough for hubris to set sad is reality behind an often striking success story.
Alan Joyce boldly grounded the Qantas fleet in 2011 in the biggest corporate face-off with the unions since the 1990s waterfront dispute as he confronted the bloated cost base of the former government-owned airline.
By 2016, Qantas had gone from basket case to a record $1.58 billion profit. In 2017, Mr Joyce was named The Australian Financial Review’s Business Person of the year, recognising one of Australia’s great corporate turnarounds in one of the world’s most volatile industries.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Transport
Fetching latest articles