Bracing for a rough AGM…
On a scale of one-10, how excited would Qantas execs/directors be to face shareholders at the airline’s annual general meeting this morning? There’s no shortage of issues to discuss… There’s the High Court finding over the illegal sacking of 1,700 workers, the competition watchdog suing Qantas for allegedly selling tickets for cancelled flights, backlash over the handling of COVID flight credits, and an IT system meltdown last month. And this morning, the NSW District Court is due to deliver its verdict on whether Qantas broke the law by sacking a cleaner who raised safety concerns during the pandemic. Two things to look out for today: questions about the payment of bonuses for executives currently being withheld and the re-election of 2 Qantas directors, including advertising guru Todd Sampson.
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