Michael O’Leary’s pay tops €1.2m

Ryanair boss Michael O’Leary’s pay last year topped €1.272 million after he received a 24% increase in bonus payments.

Documents just lodged by Ryanair with the Securities Exchange Commission (SEC) in the US confirms that along with Mr O’Leary’s basic salary of €768,000 in the 12 months to the end of March, the chief executive received a bonus totalling over half a million euro.

The figures show that Mr O’Leary received a bonus of €504,000 — a 24% increase on the fiscal 2011 bonus of €440,000.