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Ryanair boss O’Leary could be set for an £85m bonus as the airline looks to recover from pandemic turbulence

Ryanair’s boss Michael O’Leary has voiced doubts over Boeing’s ability to deliver an order of 737 MAX aircraft. 
Ryanair’s boss Michael O’Leary has voiced doubts over Boeing’s ability to deliver an order of 737 MAX aircraft. 

Ryanair boss Michael O’Leary could be set for a lucrative £85m payout despite the turbulence that the travel industry has experienced in the last 18 months.

The Irish businessman stands to land the money should Ryanair’s stock hit €21 or above for a 28-day period between 2021 and 2024.

It could also be triggered if Ryanair’s profits double to €2bn. 

Ryanair’s shares currently come in at €16.74, up 27p from where they closed on Friday.

Like other airlines and travel companies the pandemic has battered the firm. It is said to have lost £900m over the course of the pandemic.

The airline group posted a net loss of €273m for its first quarter — the three months to the end of June. 

However, it last week announced that it could make a profit for the second quarter and even break even for the financial year.

Such bullish statements, as well as a return of some holiday destinations, have impressed investors and shares have since risen.