Shares windfall for Ryanair pilots

RYANAIR pilots are to receive windfalls of €50,000 in share options, the company announced yesterday.

The airline said many of its Dublin pilots will next month exercise share options, which at the current share price of over €7 have a profit of around €50,000 each.

These share options formed part of the five-year pay, benefit and share option scheme negotiated between the Dublin pilots and the airline in November 2000. A Ryanair captain receives over €120,000 a year in earnings.