Ryanair boss set for massive £85m bonus as the airline looks to recover
Michael O’Leary – the boss of airline Ryanair – could be set to secure a massive £85m payout despite the rocky 18 months the travel industry has endured.
O’Leary stands to bag the bonus if Ryanair’s stock hit €21 or above for a 28-day period between 2021 and 2024.
It could also be triggered if Ryanair’s profits double to €2bn.
Ryanair’s shares currently come in at €16.74, up 27p from where they closed on Friday.
The pandemic battered airlines and travel companies including Ryanair, the firm is said to have lost £900m over the pandemic.
Ryanair posted a net loss of €273m for its first quarter — the three months to the end of June.
But last week it announced that it could make a profit for the second quarter and break even for the financial year.
The return of some holiday destinations have impressed investors and shares have since risen.
Covid-19: Shapps backs businesses who want workers to get jabbed
Green and amber list changes will create ‘two tier’ system for UK holidaymakers, airlines warn
.……………..
FOLLOW US ON SOCIAL MEDIA AND SHARE WTX NEWS WITH YOUR FRIENDS AND FAMILY:
Facebook – Please like our page
Twitter – Twitter updates available in English and Arabic. Please follow us and we would love to hear from you
Instagram – Follow our pages in English and Arabic
