Former Qantas chief executive Alan Joyce has received his last payout from the airline, receiving $3.8 million worth of shares after his long-term performance plan vested.

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Mr Joyce had his pay cut in August 2024, with the board reducing his potential renumeration by $9.3 million amid a string of public relations blunders that saw the reputation of Qantas take a significant hit and led to him stepping down six weeks ahead of schedule.

But the board allowed Mr Joyce to keep his long-term incentive plans for 2023-2025, which have now vested, the airline disclosed on Friday.

The renumeration is higher than it would have been thanks to the stron

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