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Qantas reduces bonuses for executives by 15% in fiscal 2025 due to cyber-hack

Qantas Airways, Australia's largest airline, has reduced short-term bonuses by 15% for its CEO and top executives in fiscal 2025 following a cyber attack that exposed millions of records earlier this year. The company revealed the news on Friday.

The country's flag airline said that a hacker targeted its call center in July and gained access to a database with six million names and email addresses as well as phone numbers, dates of birth and frequent flyer numbers.

Qantas issued a statement saying that "While we acknowledge that the investigation into this incident will not be completed for some time, it is important that both our executives as well as shareholders deal with the remuneration implications of this incident this year."

It added that the bonus adjustment reflects shared responsibility among executives.

Vanessa Hudson, Qantas' CEO, received a short-term bonus of A$250,000 (162,450 dollars) for the fiscal year ending June 30.

Hudson earned A$6.3million for the year. This is up from A$4.4million a year earlier.

Qantas profit increased by nearly one-sixth during fiscal 2025, thanks to a sustained recovery of domestic travel after the pandemic and improved macroeconomic conditions.

(source: Reuters)