Ryanair's CEO, Michael O'Leary, could remain in his role beyond 2028, despite his current contract expiring then. Following a significant surge in Ryanair's stock price, O'Leary is poised to gain substantial share options worth €126 million. He underscores the value created for shareholders, comparing it favorably to the exorbitant salaries in other sectors. Despite a drop in profits by 16%, Ryanair's share price remains resilient, suggesting investor confidence amidst challenges like reduced fares. O'Leary's history with Ryanair showcases his transformative impact since 1994, making it a leading airline.
Mr O'Leary signaled on Monday that he could stay on as chief executive of Ryanair when his current five-year contract expires in 2028, when he will be 67.
I think Ryanair shareholders are getting particular value out of our share options - both mine and the rest of the management team.
His lucrative deal with Ryanair will see him secure share options in the airline if its share price trades above €21 for 28 consecutive days.
Ryanair said its full-year profit after tax in its financial year that ended in March tumbled 16pc to €1.6bn despite passenger numbers jumping 9pc to 200.2 million.
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