en.Wedoany.com Reported - Ryanair has renewed the contract of Chief Executive Michael O'Leary, extending his tenure until April 2032. The new agreement includes a moderate annual salary, a capped annual bonus, and a one-time option to purchase 10 million ordinary shares.

O'Leary has led Ryanair since 1994, transforming the Irish low-cost carrier into Europe's largest airline by passenger traffic. Ryanair stated that the contract renewal concluded months of negotiations and in-depth discussions with major shareholders.

According to Ryanair's disclosure, the stock option exercise price is €26.70, contingent on O'Leary remaining with the company until April 2032, and Ryanair achieving an annual after-tax profit exceeding €4 billion, or the ordinary share price closing above €42 for 28 consecutive trading days through March 31, 2032. Ryanair's current share price is approximately €26. The company last renewed O'Leary's CEO contract in December 2022, which was originally set to expire in July 2028.

Ryanair currently has zero debt on its balance sheet and plans to increase annual passenger traffic to 300 million by fiscal year 2034. The company expects to take delivery of its first Boeing 737 MAX 10 aircraft starting in January 2027.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com