RYANAIR CEO Michael O'Leary is negotiating a contract extension until 2028
CEORyanair's Michael O'Leary has said he is in talks to extend his current contract until 2028, which he hopes to sign by next March.
Michael O'Leary, 61,'s current contract as CEO of the Irish low-cost airline expires at the end of July 2024. According to the newspaper Irish Examiner, who was able to consult the airline's annual report, the CEO's salary and combined bonuses and profit sharing amounted to 975.000 euros during the 2021 fiscal year.
Michael O'Leary is considered one of the richest men in Ireland, with an estimated fortune of €1.08 billion.
He joined Ryanair in 1988 as an advisor to Tony Ryan, the founder of the low-cost airline. Michael O'Leary became deputy director from 1991 until 1994, then CEO from January 1994. Under his leadership, Ryanair has today become the second largest airline in the world by number of flights according to Eurocontrol and the fifth largest airline globally by capacity of places according to OAG.
At the same time, RYANAIR is regularly criticized and condemned on several occasions for not respecting the labor rights of its staff in several European countries. At the same time, many passengers complain about the conditions of travel with RYANAIR, but this does not prevent them from choosing the company every time when they are looking for cheap flights.,