Qantas Airways Chairman Under Fire Over Morale, Union Demands Resignation
Portfolio Pulse from Nabaparna Bhattacharya
Qantas Airways Ltd.'s Chairman Richard Goyder is facing calls for his resignation from the Australian and International Pilots Association (AIPA) due to low morale. The company was recently in the headlines after former CEO Alan Joyce saw a significant increase in his pay. Goyder, who has served as the airline's chairman since 2018, will not stand for re-election at the upcoming annual meeting. The company plans to allocate additional funds for addressing customer issues but warns of possible fare increases due to escalating fuel costs.
September 26, 2023 | 6:23 pm
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NEGATIVE IMPACT
Qantas Airways is facing internal issues with calls for the chairman's resignation and potential fare increases due to rising fuel costs. This could negatively impact the company's stock in the short term.
The calls for the chairman's resignation indicate internal strife within the company, which could negatively impact investor confidence. Additionally, the potential for fare increases due to rising fuel costs could lead to customer dissatisfaction and decreased demand, further impacting the stock negatively.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100