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Ryanair boss eyeing €100 million bonus

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Ryanair boss eyeing €100 million bonus By Proactive Investors

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Published Dec 18, 2023 12:01
Updated Dec 18, 2023 12:11

© Reuters. Ryanair boss eyeing €100 million bonus

Proactive Investors – Ryanair (LON:0RYA) boss Michael O’Leary is nearing an eye watering €100 million (£86 million) bonus.

The bonus itself would mark the largest in European corporate history and comes after Ryanair has been a major beneficiary of a rebound in travel demand following the pandemic.

Should shares in the budget carrier hit and remain above €21 for 28 days, O’Leary would receive the reward through share options.

These would allow him the right to buy 10 million Ryanair shares at €11.12 each, effectively leaving O’Leary with an instant paper profit of €98.8 million.

Ryanair closed Friday at €18.84 per share, having beaten a previous record high set in late 2017 during last week’s final day of trading on the Euronext Dublin.

He could also be granted the bonus if Ryanair records a €2.2 billion post-tax profit for the full year, the Financial Times first reported, as agreed in 2019.

Post-tax profit between €1.85 billion and €2.05 billion is being targeted by Ryanair for its financial year to March meanwhile, marking as much as a 43% increase on 2022’s €1.43 billion.

Read more on Proactive Investors UK

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Ryanair boss eyeing €100 million bonus

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