New revelations published about the astronomical salaries paid to Qantas executives, including CEO Alan Joyce, fueled further anger Monday among Qantas pilots, who said they are "sick of seeing one of the last true iconic Australian companies mismanaged."

Executive greed needs to be brought under control at Qantas so that the company can better focus on delivering a quality airline to Australia and the world, the Australian and International Pilots Association said Monday.

AIPA Vice President Richard Woodward, a Qantas captain, said the huge salaries and bonuses being lavished on executives and the board were completely out of step with the airline's performance.

"We currently have a management team whose plan to strip Qantas back and shift resources to Southeast Asia has seen share prices plummet to an all-time low," he said.

"As a result they have angered the Australian public and loyal Qantas workers. Yet as a reward for this ineptitude they have been busy paying themselves some AU$5 million in package increases in just the last year alone.

"CEO Alan Joyce, despite barely making a correct call since he took the reins, has decided he's worth AU$5 million a year. I'm not quite sure how Mr Joyce and his management team are managing to pay themselves these huge amounts when they claim Qantas international is losing money.

"These sort of salaries are completely out of step with other airlines in Australia and indeed they are completely out of step with airlines around the world.

According to Woodward, the CEO of Cathay Pacific takes home a small fraction of what Alan Joyce makes, despite his airline's performance.

"Contrary to Qantas management spin, the same cannot be said in a comparison between Cathay pilots and Qantas pilots," he said.