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Ryanair's managing director, Michael O Leary, waived an estimated premium of € 900,000 following a confusion over the last year that forced the airline to cancel thousands of flights
. According to Ryanair's annual report, O. Leary waived his bonus on cancellations, reducing his salary by 950,000 euros for the 12-month period ended March 31st. 2.31 million euros
Basic pay
Mr. O. Leary's base salary for the fiscal year 12 was 1.06 million dollars. euros and he received 1.25 million euros
shares. He did not say what his bonus would have been worth, but it was 950,000 € in 2017 and 850,000 € the year before.
Problems with pilots, which appeared in September of last year, forced Ryanair to cancel its flights. Slow down the rate at which he planned to grow until last winter.
Mr. O. Leary told shareholders at the airline's annual general meeting, the last week of September 2017, that he badumed full responsibility for the problem. that she had rehabilitated or compensated the affected pbadengers.
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