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.
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