Based on the current share price of $5.82, the 1.74 million shares are worth $10.1m, and will form part of his final package at Qantas of an estimated $24m.

Other key executives, including chief financial officer and CEO-designate Vanessa Hudson, and Qantas Domestic chief Andrew David scored $1.53 million worth of shares under the recovery and retention plan.

Ms Hudson also stood to pocket another $435,000 worth of shares under the 2020 to 2022 long-term incentive plan.

Qantas Loyalty chief executive Olivia Wirth received $1.3m in shares, and Jetstar chief Steph Tully received the equivalent of $1.1m.

Further details of executives’ salaries will be revealed in the annual report due for release ahead of the Qantas AGM in November.

The ASX announcement came as Qantas faced one of its biggest tests, over allegations that over several months last year the airline sold tickets for flights that were already cancelled.

The Australian Competition and Consumer Commission lawsuit revealed a mind-boggling 15,000 flights were cancelled by Qantas and QantasLink from May to July, and more than 10,000 are now the subject of legal action due to alleged breaches of Australian consumer law.

Before he departs Qantas Mr Joyce is still in line for another 3.1 million shares as part of the 2023 long-term incentive scheme, potentially worth another $18m.

They are on top of 2.2 million shares that he holds in ordinary shares and as part of the Alan Joyce Family Trust.