Ryanair AGM narrowly approves bonus plan for CEO O'Leary

DUBLIN (Reuters) - Ryanair <RYA.I> shareholders narrowly approved a bonus scheme for Chief Executive Michael O'Leary on Thursday that could earn him around 100 million euros (£88.56 million) over five years.

The bonus scheme, which requires him to either double the profitability or share price of the carrier within five years, was approved by 50.5% of votes.

O'Leary in February said he would stay for another five years at Europe's largest low-cost airline, whose share price has roughly halved over the past two years amid a series of disputes with unions and delays to the delivery of the grounded Boeing 737 MAX.

(Reporting by Conor Humphries; Editing by Himani Sarkar)