Ryanair profits surge puts O'Leary back on course for potential €100m incentive

Ryanair chief executive Michael O'Leary  is back on course to secure a potential bonus of almost €100m in the coming years.

Ryanair soared back to profit in its latest financial year, and is set for record profits this year, as hot demand over the peak summer months, more flights, and higher airfares help offset an anticipated huge uplift of €1bn in its fuel bill. 

The airline unveiled €1.43bn in after-tax profits for the 12 months to the end of March and predicted an increase of 10% in passenger numbers to 185 million for the 2024 financial year which will also likely see it deliver a double-digit increase in profits.