O’Leary got €5,000 a day after Ryanair hiked bonus

Ryanair boss Michael O’Leary was paid almost €5,000 a day in pay by the airline last year after receiving a 55% increase in bonus pay.

New figures show that the colourful 53-year-old chief executive secured an overall 37% pay increase in the 12 months to March 31 this year to €1.7m or €4,797 a day, as he oversaw the airline achieve revenues topping €5bn and pre-tax profits of €591.4m.

The pre-tax profits achieved represented a 9% drop on the €650.9m in pre-tax profits in the 2013 fiscal year.