Ryanair boss Michael O'Leary on track for €100m bonus
Ryanair chief executive Michael O'Leary is on track to receive more than €100 million worth of share bonuses.
The longstanding boss has qualified for the share options after shares in the Dublin-based company hit a six-year-old target.
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Shares in the budget airline have met a requirement to close above €21 for a 28th consecutive day.
The share rule was set up in February 2019, requiring the consistently high level of shares before 2028.
Ryanair shares sat at €23.28 euros on Friday. Photo: Peter Byrne/PA
It would provide him with 10 million shares worth around €111.2 million.
Mr O'Leary will receive the share package if he stays with the business, which he has led since 1994, until 2028.
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Ryanair shares sat at €23.28 on Friday despite dipping slightly from their peak the previous day.
Ryanair has been contacted for comment.
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When asked about the share option earlier this month, Mr O'Leary said: 'I think we're delivering exceptional value for Ryanair shareholders in an era when Premiership footballers and managers are getting paid €20-25 million a year.
'I think Ryanair shareholders are getting a particular value out of our share options – both mine and the rest of the management team.'
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Rival low-cost rival carrier Wizz Air has a similar pay pledge for its chief executive Jozsef Varadi, which would provide him with £100 million (€118) worth of bonuses if its share reached £120 by 2028. Its shares are currently valued at around £16.
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