O’Leary’s Ryanair bonus jumps 82.5% as pay packet soars past €1m

RYANAIR chief executive Michael O’Leary received an 82.5% increase in bonus payments last year bringing his total pay to just over €1 million.

In the airline’s annual report for 2011, Ryanair confirms that on top of his basic annual salary of €595,000, Mr O’Leary received bonus payments of €440,000 in the 12 months to the end of March, bringing his total remuneration for the year to €1.035m.

This follows Mr O’Leary receiving bonus payments of €241,000 the previous financial year along with his basic salary.