Covid-19 vaccines shares boost put O'Leary back on path for potential €100m Ryanair incentive       

Ryanair chief executive Michael O'Leary.

Michael O’Leary is back on the flight path for a potential shares incentive payout of up to €100m in the coming years after a remarkable turnaround in the fortunes of Covid-battered Ryanair stock in the past few weeks, as investors bet that a trio of new vaccines will transform the prospects of Europe’s largest budget airline.

The shares incentive was part of a new contract to keep group CEO O’Leary at the airline but sparked considerable controversy when voted on last year because investors do not normally like companies awarding their chief executives large share-based incentives.