Captain Joyce abandons ship

Tuesday 5 September 2023

He didn’t wait for the women and children, either:

Qantas chief executive Alan Joyce will depart the airline on Wednesday, bringing forward his retirement by two months amid a firestorm engulfing the company over allegations of illegal ticket sales and undue influence over government.

Mr Joyce advised the Qantas board he would bring forward his retirement “to help the company accelerate its renewal”, claiming he was leaving the company “fundamentally strong” and with a “bright future”.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.