ABC's Peter Ryan says the Qantas board could no longer tolerate the reputational damage surrounding chief executive Alan Joyce. Rebuilding trust at Qantas is now a massive challenge for incoming chief executive Vanessa Hudson.

Featured:

Keywords:

Qantas chief executive Alan Joyce is retiring two months ahead of schedule as the reputational crisis at the airline deepens. Mr Joyce finishes today and CEO designate Vanessa Hudson takes over from tomorrow 6 September.

The Reserve Bank is almost certain to leave the cash rate steady at 4.1 percent when Philip Lowe chairs his final meeting as governor later today. But Judo Bank economic adviser Warren Hogan thinks there's a chance of a rate hike later this year with inflation will very high and real estate prices rebounding especially in Sydney.

Featured: Warren Hogan, economic adviser, Judo Bank

Australian Shareholders Association chief executive Rachel Waterhouse says the Qantas board needs to consider a clawback of bonuses awarded to Alan Joyce and other top executives. Major investors are demanding a please explain after the competition watchdog accused Qantas of selling tickets for flights that didn't exist - risking fines totalling $250 million.

Reporter: Peter Ryan, Senior business correspondent

Featured: Rachel Waterhouse, Australian Shareholders Association

UK Labour whip Lord Kennedy of Southwark is visiting Australia to urge financial law reforms to help the mutual and cooperatives sector shield themselves from private equity predators. Lord Kennedy has led new legislation in the US to protect mutuals who risk having their assets stripped in private equity offers are too good to refuse.

There's mounting pressure on Qantas chairman Richard Goyder to consider clawing back bonuses awarded to chief executive Alan Joyce as the reputational crisis surrounding the airline deepens. There's mounting pressure on Qantas chairman Richard Goyder to consider clawing back bonuses awarded to chief executive Alan Joyce as the reputational crisis surrounding the airline deepens. Major investors are demanding a please explain after the competition watchdog accused Qantas of selling tickets for flights that didn't exist - risking fines totalling $250 million.

Reporter: Peter Ryan, Senior business correspondent

Featured:

John Sharp, Deputy chairman Rex Airlines and former Transport Minister

ACCC chair Gina Cass Gottlieb wants Qantas penalty of more than $300 million by Peter Ryan

Competition regulator ACCC is taking Qantas to Federal Court alleging the airline advertised tickets for more than 8,000 flights that it had already cancelled but had not removed from sale. ACCC alleges deceptive, false and misleading conduct. Also Australia Post reveals a $200 million full year loss as the letters decline worsens and community service obligation costs weigh. Australia Post chief executive Paul Graham speaks with ABC's Peter Ryan.

Featured:

Gina Cass Gottlieb, ACCC chair; Paul Graham, Australia Post chief executive

Future Fund chairman Peter Costello says the Albanese government's decision to restrict more flights from Qatar Airways is "hard to fathom" at a time when more competition is needed to lower airfares. The former Liberal Treasurer says the decision underscores Qantas's lobbying in Canberra to protect its market power and profits. Also the Australian Energy Market Operator says Victoria and South Australia are facing an increased risk of power blackouts this summer as coal-fired generators close down.

Featured:

Peter Costello, Future Fund chairman; Daniel Westerman, AEMO chief executive

Consumer inflation slowed to a pace of 4.9 percent in August easing pressure for the Reserve Bank to raise interest rates again. The Bureau of Statistics says price rises for housing, food and non-alcoholic beverages were offset by falls for automotive fuel. Australian Banking Association chief executive Anna Bligh says financial institutions are doing their best to assist borrowers through cost of living distress.

Featured:

Anna Bligh, Australian Banking Association chief executive