Ryanair, one of Europe’s largest low-cost airlines, continues to draw attention with its strong financial performance, while a record-breaking €100 million bonus plan for CEO Michael O’Leary is also making headlines. O’Leary, one of Ireland’s wealthiest businessmen, is approaching a key threshold for receiving the payout.
28-day share performance condition
To qualify for the bonus, Ryanair shares must trade at or above €21 for at least 28 consecutive days. As of 2 May 2025, the stock has remained above this level for 25 days. By Monday morning, shares were valued at €23.8. If the current trend continues, the requirement will be met by the end of the week.
Previously, Ryanair shares had only remained at that level for a maximum of five days, in March 2024.
O’Leary: “We’ve earned this value”
In an interview with The Telegraph, Michael O’Leary responded to criticism over the substantial bonus:
“At a time when Premier League footballers and managers are earning €20 to €25 million a year, we are delivering extraordinary value for Ryanair shareholders.”
However, there are several other conditions tied to the bonus. O’Leary will not receive the €100 million until 2028—and only if he remains in his role until then. The bonus plan was first introduced in 2019 as part of a performance-based compensation structure and was extended by another five and a half years in 2022.
Record profits, record share performance
The rise in Ryanair’s share price is underpinned by the airline’s strong financial results. The company reported a €1.6 billion profit for the most recent fiscal year. Additionally, a €750 million share buyback programme announced last week has further boosted investor confidence.
Growing backlash: Passenger experience lacking
Despite its financial success, Ryanair has faced heavy criticism over passenger satisfaction. The airline has received negative feedback on issues such as the boarding process, seat comfort, food quality, cleanliness, and the overall cabin environment.
Furthermore, the company announced that it would raise ticket prices by 5% to 6% in 2025, citing pressure on profit margins due to its low-fare strategy—a move that has further fuelled public discontent.