Markets

Michael O’Leary in line for €100m bonus if Ryanair’s share price keeps rising

Ryanair chief would earn share options valued at approximately €100 million if the company’s shares maintain a price of €21 for 28 consecutive days

Michael O’Leary, Ryanair chief executive. Analysts are optimistic that Ryanair’s shares will continue to rise with an average price target of €24.10 over the next 12 months. Picture: Getty

Michael O’Leary is poised to secure a €100 million bonus if low-cost airline Ryanair’s shares keep rising, the Financial Times reported.

According to a 2019 bonus plan, the Ryanair chief stands to earn share options valued at approximately €100 million if the company’s shares maintain a price of €21 for 28 consecutive days, the newspaper said.

The payout would come in the form of options to purchase 10 million shares at €11.12 each.

The company’s ...