All articles tagged with #michael oleary
Ryanair CEO Michael O'Leary is on track to receive over €100 million in bonuses if certain share price and employment conditions are met, marking one of Europe's largest corporate payouts, amid ongoing debates over executive compensation.
Ryanair CEO Michael O’Leary is set to receive over €100 million in share options after the airline's shares met key performance targets, with the payout contingent on remaining with the company until 2028. This potential windfall highlights the high-stakes executive compensation in European aviation, driven by Ryanair's growth and market position.
Ryanair CEO Michael O'Leary criticized Boeing's corporate culture and recent changes to its 737 Max program, calling it "corporate bullsh*t" and urging for stronger leadership and accountability. O'Leary expressed disappointment with delays in 737 Max deliveries but confirmed Ryanair's continued support for Boeing.
Ryanair's CEO, Michael O'Leary, criticized United Airlines' comments about the Boeing 737 Max program as "stupid," expressing interest in taking any unwanted Max 10 deliveries. He also endorsed Boeing's leaders and expressed confidence in the company's performance. Despite reporting a net profit of €15m in the third quarter, Ryanair's underlying numbers disappointed some analysts due to higher fuel and staff costs. O'Leary highlighted the airline's pipeline of new aircraft deliveries until 2030 and its plans to have up to 174 Boeing 737 Max 8 planes in its fleet by the summer of 2024.
Ryanair CEO Michael O'Leary complained to Boeing about quality-control issues with the 737 Max, citing instances such as a wrench left inside a plane and numerous small defects. Despite these problems, O'Leary expressed confidence in Boeing's CEO and CFO, noting improvements in recent plane deliveries. Boeing has announced new measures to enhance its quality control system, including more inspections and inviting 737 operators to review procedures.
Ryanair Holdings CEO Michael O'Leary could receive a €100 million bonus if the company's shares maintain a price of €21 for 28 consecutive days, according to a 2019 bonus plan. The payout would come in the form of options to purchase 10 million shares at €11.12 each. While the stock has yet to reach that level, analysts are optimistic about its future performance. Even if the threshold is not met, O'Leary can still receive the bonus if the airline reports annual profits of €2.2 billion after tax. However, Ryanair has warned of higher fuel costs and delays with Boeing aircraft deliveries, which may impact its performance.