Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

Qantas CEO Alan Joyce to step down two months early – questions over shares remain

Published

2 years ago

on

Alan Joyce, the long-serving chief executive officer of Qantas Airways, has announced his early retirement, with the airline’s board fast-tracking the leadership transition by two months.

Originally slated to retire at the end of the year, Joyce’s departure will now take place on Wednesday.

The Qantas board made this decision public through an announcement to the Australian Securities Exchange (ASX) on Tuesday morning.

The immediate successor to Joyce, Vanessa Hudson, will officially assume her new role as managing director and group CEO on Wednesday.

Joyce explained his decision to expedite his retirement, citing the recent scrutiny of the airline’s conduct and its imperative need for renewal.

In a statement released by Qantas, he expressed his belief that this move was in the best interest of the company. “In the last few weeks, the focus on Qantas and events of the past make it clear to me that the company needs to move ahead with its renewal as a priority,” he stated.

Joyce has had a remarkable 22-year tenure at Qantas, serving as its chief executive for the past 15 years. Through the ups and downs, he says he leaves the airline with a sense of pride, acknowledging that there is still much work to be done, especially in ensuring the continued satisfaction of Qantas’ loyal customer base.

“There have been many ups and downs, and there is clearly much work still to be done, especially to make sure we always deliver for our customers,” he said.

“But I leave knowing that the company is fundamentally strong and has a bright future.”

Richard Goyder, chairman of Qantas, commended Joyce’s unwavering commitment to the airline. Goyder stated that Joyce had consistently placed the best interests of Qantas at the forefront of his leadership.

Joyce’s decision to expedite his retirement and the seamless transition to Vanessa Hudson as the new CEO marks a pivotal moment in Qantas’ history.

The airline, like many others in the industry, has faced numerous challenges in recent years, including the global pandemic’s impact on travel.

As Vanessa Hudson assumes her new role, the focus will be on charting a course for Qantas in a rapidly evolving aviation landscape.

Share pressure

Qantas Chairman Richard Goyder faces mounting pressure to clarify CEO Alan Joyce’s substantial compensation package amid the airline’s tarnished reputation.

Questions also loom about the board’s rationale for granting Mr. Joyce permission to sell 2.5 million Qantas shares in June and their awareness of investigations into the sale of “ghost flight” tickets.

The Australian Competition and Consumer Commission (ACCC) is pursuing a lawsuit against Qantas for alleged misleading and deceptive conduct regarding the sale of thousands of tickets for flights that were subsequently cancelled between May and July last year.

In June, Mr. Joyce sold his shares for $17 million, but since then, various factors, including the ACCC case, have driven down Qantas’ share price by 7%, now standing at $5.60. This means Mr. Joyce would have earned $3 million less if he had sold the shares today.

There are no allegations of wrongdoing against Mr. Joyce or any board member.

According to an insider, the severity of the ACCC allegations only became apparent in recent weeks.

Previously, Mr. Joyce had described the share sale as a “personal purchase.”

Related Topics:

News

AI stocks surge amid market shifts and spending warnings

AI sector drives economic growth; Meta adjusts strategy, Palantir’s valuation sparks questions, and Nvidia leads amid rising competition.

Published

2 days ago

on

December 19, 2025

By

AI sector drives economic growth; Meta adjusts strategy, Palantir’s valuation sparks questions, and Nvidia leads amid rising competition.


The artificial intelligence sector continues to be a major driver of growth for both the U.S. and global economies. Companies at the forefront of AI innovation are influencing market trends and reshaping industries worldwide.

Meta’s stock has rebounded slightly following reports of potential cost-cutting measures and job reductions in its Reality Labs division. Investors are watching closely as the company adjusts its strategy to manage rising expenses and optimize innovation.

Palantir is trading at over 120 times forward sales and 180 times forward earnings, signaling investor confidence but also raising questions about valuation risks. Meanwhile, Nvidia maintains a market cap of $4.2 trillion as a leading AI chip supplier, yet competition is ramping up.

These moves highlight the growing tension between tech giants’ AI ambitions and the practical need to balance profits with heavy R&D spending.

Some analysts, however, warn that rapid growth may not be sustainable, with current levels of AI-related spending potentially overshooting realistic returns.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#AIStocks #TechInvesting #Nvidia #Meta #Palantir #ArtificialIntelligence #StockMarket #TickerNews


Download the Ticker app

Continue Reading

News

AI investments set to surge in 2026 as companies target productivity gains

Analysts forecast $500 billion AI investment by 2026, transforming corporate spending priorities and enhancing economic productivity.

Published

2 days ago

on

December 19, 2025

By

Analysts forecast $500 billion AI investment by 2026, transforming corporate spending priorities and enhancing economic productivity.


Analysts predict that artificial intelligence companies could invest over $500 billion in 2026, signaling a major shift in corporate spending priorities. This surge in capital allocation comes as businesses look to harness AI to drive growth and efficiency across multiple sectors.

Following strong third-quarter earnings, overall capital spending estimates for 2026 have been revised upward. However, investors are becoming more selective, focusing on companies that can clearly demonstrate revenue benefits from their AI investments, separating hype from tangible results.

AI adoption is expected to boost economic productivity, with significant investment already flowing into AI infrastructure such as semiconductors and data centres. The coming year could redefine how companies leverage technology to gain a competitive edge.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#AIInvestment #TechGrowth #FutureEconomy #DataCenters #Semiconductors #ArtificialIntelligence #ProductivityBoost #CapitalSpending


Download the Ticker app

Continue Reading

News

Stocks, AI and the economy: What to expect in 2026

2025’s market turmoil analyzed: AI hype, tariffs, global politics, and Federal Reserve impacts—tune in for expert insights!

Published

2 days ago

on

December 19, 2025

By

2025’s market turmoil analyzed: AI hype, tariffs, global politics, and Federal Reserve impacts—tune in for expert insights!


2025 has been a rollercoaster for investors, with AI hype, tariffs, and global politics shaking up markets. We break down what these trends mean for your portfolio and the risks ahead.

Joining us for insights is Kyle Rodda from Capital.com, who explains how Treasury yields, unemployment data, and inflation readings are shaping investor sentiment. We also dive into what the Federal Reserve’s recent moves could mean for 2026.

From the potential impact of a 43-day government shutdown to payroll numbers and market expectations, this episode gives you the clarity you need to navigate the next year in stocks.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#StockMarket #Investing2026 #AIStocks #FederalReserve #EconomyWatch #MarketTrends #FinanceNews #TreasuryYields


Download the Ticker app

Continue Reading

Trending Now