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Covid-19 ravages Michael O’Leary’s pay package but Ryanair shares provide lift

Group CEO’s pay fell to €250,000 as the airline recorded a €1bn loss and revenues plunged 80.7pc

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Ryanair CEO Michael O'Leary. Photo: AFP/Ben Stansall/Getty Images

Ryanair CEO Michael O'Leary. Photo: AFP/Ben Stansall/Getty Images

Ryanair CEO Michael O'Leary. Photo: AFP/Ben Stansall/Getty Images

The annual pay for Ryanair group chief executive Michael O’Leary has plummeted by 74pc to €250,000 due to the impact of the Covid-19 pandemic on the airline.

Ryanair’s 2021 annual report shows that Mr O’Leary received no bonus in the 12 months to the end of March 2021 as the airline recorded a €1bn loss and revenues plunged 80.7pc from €8.49bn to €1.63bn.


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