Ryanair's CEO, Michael O'Leary, received a significant bonus reflecting the airline's record pre-tax profit of €1.78bn, with revenues reaching €13.94bn in the past year. Despite impressive overall performance, Irish revenues fell, accounting for a small fraction of total income. O'Leary attributed challenges in the Irish market to regulatory issues, noting that politicians have yet to lift outdated passenger caps despite promises to do so. Additionally, Ryanair faces scrutiny from the Data Protection Commission, although they assert compliance with safety regulations.
Mr O'Leary's substantial bonus of €2.03m in share options is tied to future performance and ongoing regulatory challenges, highlighting Ryanair's exceptional profitability amidst difficult market conditions.
The CEO expressed frustration over Dublin's regulatory environment, stating that 'Dublin's airlines are prevented from using' the newly expanded runway capacity due to outdated traffic caps.
Collection
[
|
...
]