Qantas chief executive Alan Joyce is to forgo his bonus and a pay rise after a sharp plunge in the airline's profits.
The company is due to announce its profit results on Thursday.
Qantas has forecast a fall of 90% in its profits for the financial year ending 30 June, amid losses at its international operations and high fuel costs.
The airline has also been hit by a series of strikes and labour disputes.
It is in the middle of a restructuring programme that will cut 2800 jobs and include closing a maintenance facility at Tullamarine airport at Melbourne.
The BBC reports its stock price is down 35% since April this year.
