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O'Leary €450k bonus approved despite Covid-19's impact on Ryanair

O'Leary €450k bonus approved despite Covid-19's impact on Ryanair

Ryanair shareholders have approved a €458,000 bonus for group chief executive Michael O'Leary.

A influential investor advisory firm had been calling for shareholders to reject the bonus.

However, shareholders approved the company's remuneration report, which included the award the company said.

According to a statement released by the company, 65.8 per cent of their shareholders voted in favour of the decision.

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In May, the company announced that it would be cutting jobs due to the pandemic, but reversed the decision after striking a deal with the trade union, Unite.

Ryanair is also currently taking an action against the State on account of travel restrictions imposed due to the Covid-19 pandemic.

The airline has repeatedly said Ireland's travel guidelines are unlawful, amounting to disproportionate interference to the company and their passengers' rights.

They have also called on the Government to extend the country's green list to allow more passengers to arrive in Ireland without the need to quarantine for 14 days.

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