Qantas staff reap rewards
QANTAS continued to splash its new-found cash around yesterday, rewarding all 28,000 employees with a $400 travel credit.
The handout is in addition to 5 per cent bonuses for 10,000 staff who have had their pay frozen for 18 months.
All up, the staff rewards will cost Qantas $100 million of its $557 million net profit result.
In an email to employees, Qantas group executive of people Jon Scriven said management wanted to recognise the “hard work, dedication and pride” of staff.
“It’s been a great year, with a lot more work for us to do,” Mr Scriven said.
The Flying Kangaroo had even more reasons to celebrate yesterday when the competition watchdog approved its partnership with China Eastern Airlines.
The approval is reliant on the provision of additional flights between Australia and China, at least one new route between the two countries, and a tight rein on airfares.
Australian Competition and Consumer Commission chairman Rod Sims said it was “not uncommon for airlines to charge higher fares ... on a point-to-point route where competition was limited”.