The CEO of ultra-low-cost airline Ryanair recently discussed his potential $109 million bonus in an interview with The Wall Street Journal, deeming it as 'very good value' compared to the earnings of star athletes. Michael O'Leary, who has led the Irish budget airline for three decades, highlighted the airline's growth to become Europe's largest carrier by market capitalization. Ryanair is renowned for offering tickets as low as $20, although it has faced criticism for issues such as pilot overworking and additional fees like charging for water onboard and a $60 airport check-in cost.
Last December, reports from the Financial Times indicated that O'Leary could be in line for one of the most substantial bonuses in European history, contingent on the airline's share price performance. If Ryanair's stock maintains a price of 21 euros for 28 consecutive days, O'Leary stands to receive stock options valued at 100 million euros. The deal, initially set to expire this year, was extended until 2028.
Despite Ryanair's stock price hovering around 20.75 euros after hitting a record high, O'Leary defended the potential payout, drawing comparisons to the salaries of top athletes. He pointed out that if premier league footballers earn millions annually and players like Kylian Mbappé secure massive contracts, his compensation is justified in creating value for Ryanair shareholders.
O'Leary also mentioned the impact of publicity on the airline's business, noting that negative publicity often leads to increased ticket sales. He highlighted that even negative attention can attract new customers who may be enticed by Ryanair's affordable airfares after hearing about the company through media coverage.
