Ryanair shares soar above €21 despite disruption to Boeing deliveries this summer

Ryanair shares rose almost 4% to close above the key €21 level that could set up Michael O’Leary for a €100m payout

Michael O’Leary could benefit from a will see him staying on at the airline to 2028 in return for a €100m incentive that will be triggered if Ryanair’s after tax profit tops €2.2bn and/or the share price trades above €21 for any 28-day period to the end of March, 2028.

Ryanair shares soared almost 4% to close well above a key €21 level that may set up chief executive Michael O’Leary to qualify for a €100m shares-based incentive payout, despite the disruption caused to growth plans amid delayed plane orders from troubled Boeing.

Boeing and its airline customers that placed large orders have been under scrutiny from investors since early January when regulators capped the number of Max planes that Boeing can produce after a panel blew off an airborne Boeing Max plane in the US.