Qantas has announced Tino La Spina, who heads up international flights, will leave the business in September after 14 years’ service.
The airline also confirmed speculation that chief executive Alan Joyce is again receiving a salary after working for free during the last quarter of the financial year – though will earn 65 per cent of his normal income.
Announcing the news of La Spina’s exit, Joyce said, “It’s increasingly clear that our international flights will be grounded until at least mid-2021 and it will take years for activity to return to what it was before.
“Under those circumstances, we’ve made the decision to consolidate the domestic and international business units under a single divisional CEO.”
La Spina has worked at Qantas since 2006 but has been in his current role for less than a year. Previously, he had been chief financial officer, deputy chief financial officer, executive manager – finance and commercial for Qantas loyalty, and general manager for strategy.
His current responsibilities will be absorbed by the chief executive of Qantas Domestic, Andrew David, who also oversees freight.
“Tino has done a superb job throughout his 14 years at Qantas,” said Joyce. “He’s a talented executive who brings his trademark enthusiasm to every challenge. I know I speak for the rest of the executive team and for the board in thanking him sincerely for the huge contribution he has made, particularly as deputy CFO and then CFO for most of that time.”
In June, the wider Qantas group announced it would cut 6,000 jobs altogether, or nearly 20 per cent of its workforce, and continue stand-downs for a further 15,000 employees.
Two months later, its full-year financial results revealed a loss before tax of $2.7 billion and an underlying profit before tax of just $124 million.
Joyce said the results were “shaped by extraordinary events that have made for the worst trading conditions in our 100-year history”.
“To put it simply, we’re an airline that can’t really fly to many places – at least for now,” he said.
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