Michael O’Leary sees pay deal reach €4.7m

Ryanair News

Michael O’Leary sees pay deal reach €4.7m
Michael-Oleary
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yanair’s annual report shows profit after tax rose to €1.92bn in the year ended March 31st

A new deal sees Ryanair chief executive Michael O’Leary's overall pay packet rise to almost €4.7 million. Photograph: Inpho

Under the agreement, which commenced in April last year, Mr O’Leary earns a base salary of €1.2 million for 2024. His bonus, which can be up to 50 per cent of his base salary and is dependent on performance targets, came to an additional €590,000 for the year In 2019, Mr O’Leary agreed a deal with the airline that granted him approximately €100 million in share options if the stock price exceeded €21 for 28 consecutive days, or if the firm reported annual post-tax profits of €2.2 billion.Switchbot S10 review: Floor-cleaning robot does a good job but needs a lot of attention

Total revenue for the 12-month period was €13.4 billion, up from €10.8 billion in the prior year. Of that, Italy accounted for more than €2.8 billion, with Spain close behind at €2.4 billion and the UK in third at €2 billion. Irish revenue was €790 million for the year.

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