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Boba Fett cosplay
Cosplaying as a bounty hunter (Daniel Knighton/Getty Images)

Euro budget airline Ryanair pays staffers a bounty to catch oversized bags. It’s thinking about boosting the payout.

Staffers can earn small bonuses for each piece of oversized luggage they catch.

Max Knoblauch

Irish airline Ryanair has been an innovator in the ultra low-cost flying space, popularizing baggage fees in the early 2000s and even incentivizing staff with bonuses for catching oversized luggage.

In an interview with RTE, the airline said it’s now thinking of increasing that bounty. With bag fees now covering the entire US market, it’s not crazy to think similar bonus structures could some day make their way to US gates.

“We are happy to incentivize our [staff] with a share of those excess baggage fees,” CEO Michael O’Leary said, referring to the luggage bonus. “It is about €1.50 ($1.75) per bag — and we’re thinking of increasing it.”

According to reports, the staff bounty caps at the equivalent of roughly $93 per month, while passengers are charged a penalty up to roughly $90 for attempting to board with an oversized bag.

The low-budget model is working out for Ryanair, which raised its average fares 21% on the quarter. The carrier’s profit more than doubled to about $960 million. Ryanair’s US ADRs climbed 5% on Monday afternoon, and they have risen more than 50% over the past 12 months.

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China’s EV startup trio have all become profitable

China’s EV startup trio, Nio, Li Auto, and XPeng, are now all profitable, following the latter’s Q4 results released Friday.

XPeng reported a quarterly net profit of about $55 million, compared to rival Nio’s Q4 net profit (also its first) of about $40 million. Li Auto posted Q4 net profit of less than $1 million.

All three companies being profitable offers a stark contrast to the EV market in the US, where Rivian quietly delayed its 2027 profitability target in a filing about its Uber robotaxi partnership yesterday. Lucid is likely further away, and last month cut 12% of its US workforce as part of its “path toward profitability.”

Still, it’s not all rosy for China’s EV startups, either. XPeng ADRs were down more than 6% in Friday morning trading as its Q1 sales forecast came in below estimates. As China rolls back subsidies, auto sales are slumping. Chinese retail EV and hybrid sales fell 32% in February from the same month last year.

9.3%

As the war with Iran produces the biggest spike in US gas prices since Hurricane Katrina, car retailer CarMax is continuing to see heightened interest in EVs, hybrids, and plug-in hybrids.

“From Feb 1st - March 1st (inclusive), compared to March 2nd to March 15th (inclusive), we saw a 9.3% lift in page views for these vehicles,” a spokesperson for the company told Sherwood News.

As industry insiders recently told us, EV interest climbs when gas prices rise. That appears to be holding true even without EV tax credits, which the Trump administration ended under its new budget package.

CarMax also saw EV searches spike in 2022, amid Russia’s invasion of Ukraine and the resulting oil price spike.

Walt Disney Chairman And CEO Bob Iger Rings Opening Bell At NY Stock Exchange

It’s the end of Disney’s Iger era (again)

Incoming CEO Josh D’Amaro is replacing Bob Iger on Wednesday, though Iger will remain a senior adviser through the end of the year.

$35.4B

The tariffs imposed by the Trump administration have cost automakers at least $35.4 billion since the start of 2025, according to a new analysis by Automotive News.

That total will continue to climb this year, since the Supreme Court’s February tariff ruling largely leaves the 25% levy on vehicles and auto parts untouched.

Toyota has taken the biggest hit, projecting more than $9 billion in tariff costs in its fiscal year ending this month, while Detroit’s big three automakers — Ford, GM, and Stellantis — were hit with a combined $6.5 billion tariff charge in 2025.

In the fourth quarter, automakers sold about 8% fewer imported vehicles in the US compared to the same period a year ago, per the Automotive News Research & Data Center.

Tariff charges come at a rough time for legacy carmakers, which are also scaling back EV plans following the Trump administration’s elimination of tax credits and fuel standard goals. According to Automotive News, the cost of EV write-downs and restructuring is, so far, nearly $70 billion.

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