LabyrinthMan- GO's share options have a lot to do if they are to match the gains made by FR pilots.
Since the Ryanair IPO in 1997 the value of shares has risen by over 800%.
Here’s a summary of what pilots have gained to date and applies equally to both Captains and Co-Pilots:
(1) FLOTATION SHARES: The 1997 flotation shares are worth almost ĢIR100,000 to Ryanair pilots
PLUS
(2) THE 5 YEAR DEAL: The ĢIR100,000 worth of share options issued in December 2000 as part of the recent five year pay deal have increased by ĢIR25,000 approx.
PLUS
(3) ANNUAL SHARE OPTION PLAN: Ryanair has granted ĢIR10,000 worth of share options in each of the past 4yrs (as profits have exceeded the 20% growth target) and pilots are now sitting on a gain of almost ĢIR60,000 from this scheme
In total a Pilot with Ryanair who has held onto all shares and options has a gain in just 4 years of almost ĢIR200,000
So it seems there's share options and there's Ryanair share options.