Ryanair’s new image is paying off for the airline and its famously outspoken boss.
Chief executive Michael O’Leary last year enjoyed a bumper 33% jump in pay to earn over €6,575 each day.
Mr O’Leary secured the 33% rise in overall pay to €2.4m after securing a 9% rise in bonus payments to €855,000 and receiving share based compensation of €500,000.
In the same period, revenues at the airline topped €5.6bn for the first time, and pre-tax profits soared by a record 66% to €982m.
According to the airline’s 2015 annual report, published yesterday, Mr O’Leary secured the pay rise through an annual gross salary of €985,091 and topped it up with a bonus of €855,000 along with the share based compensation of é500,000.
The bonus last year compared to a bonus of €783,000 in fiscal 2014.
Last October, Mr O’Leary signed a five-year deal that keeps him at Ryanair until September 2019.
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