Ryanair CEO Michael O'Leary is on the verge of a 100 million euro windfall if the airline's stock remains above 21 euros for 28 consecutive days. The stock has performed positively, recently exceeding 23 euros following earnings reports. Despite a 16% decline in profits to 1.61 billion euros, the airline achieved record passenger counts. However, challenges such as lower ticket prices and increased staffing costs were noted, stemming from disputes with online travel agents and delays in aircraft deliveries. Ryanair also announced a substantial share buyback initiative.
Ryanair's CEO Michael O'Leary stands to receive stock options worth 100 million euros if the airline's share price stays above 21 euros for 28 days.
Despite a 16% fall in profits, Ryanair's passenger numbers increased to record levels, attributed to cheaper tickets and ongoing consumer spending pressures.
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