Ryanair boss Michael O'Leary could be flying towards an £85m payout despite pandemic turbulence
Ryanair boss Michael O'Leary could be flying towards an £85m payout despite pandemic turbulence.
The businessman stands to bag the lucrative bonus if the budget airline's stock hits €21 or above for a 28-day period between 2021 and 2024.
In the money: Michael O'Leary stands to bag the lucrative bonus if the budget airline's stock hits €21 or above for a 28-day period between 2021 and 2024
It could also be triggered if Ryanair's profits double to €2billion.
On Friday Ryanair's shares closed at €16.47 but analysts are predicting they could soon reach €21 as the travel industry opens up again.
Like rivals, the company has been battered by the pandemic, racking up more than £900m in losses over the past 15 months.
But analysts at Berenberg and Morgan Stanley have raised their price targets for the firm to €20, while Goodbody put it at €20.50. HSBC has also pencilled in €19.
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