Announces Reductions Sweden

Ryanair Holdings PLC
11 July 2006



  RYANAIR ANNOUNCES REDUCTIONS IN SERVICES TO SWEDEN DUE TO SWEDISH FLIGHT TAX

Ryanair, Europe's no.1 low-fares airline, today (Tuesday, 11th July 2006)
announced significant reductions in its services to and from Sweden. The airline
announced the cancellation of its twice daily service from Stockholm-Vasteras to
London-Luton, a reduction in its Malmo-Sturup to London-Stansted from twice
daily to a daily service and a reduction in its Gothenburg City Airport to
Glasgow-Prestwick service from five weekly flights to three weekly flights.
These reductions in service will be effective from the 28th of October 2006.
Passengers will be re-accommodated on another Ryanair service or, in the case of
Stockholm-Vasteras passengers will also be offered a full reimbursement of their
fare.

Ryanair has taken this decision due to the proposals by the Swedish Government
to introduce a new 94SEK tax, which will effectively add a further 30% to the
average cost of Ryanair's fares.

Announcing the decision at a press conference in Stockholm today, Ryanair's
Deputy Chief Executive, Michael Cawley, said;

    'The Swedish Government is destroying low fare travel for Swedes and for
    those people who want to visit this beautiful country by attempting to push
    up the average cost of Ryanair's fares by over 30%. The introduction of this
    tax will make Swedish tourism uncompetitive when compared with cheaper
    alternatives in Spain, Italy and elsewhere in Europe. Tourism into Sweden
    has grown only due to the introduction of low fares by Ryanair. Last year,
    we carried over 2.4 million passengers to and from Sweden and Ryanair's
    incoming passengers contribute over 2bn SEK to the Swedish economy. The
    volume of this tourism is completely dependent on the existence of low cost
    air access. With the introduction of this tax the Swedish Government is now
    attempting to charge a premium for passengers to visit Sweden over and above
    the cost of visiting all their other destinations in Europe.

    'On the one hand the Finance Minister Per Nuder is claiming that the Swedish
    travel industry must grow and that he intends to invest significant sums of
    money to attract tourists. However, his Government is putting in place
    policies which are destroying tourism and removing all the economic benefits
    which it brings. In addition, he is undermining the ability of Swedish
    industry to compete internationally by making the cost of travel more
    expensive.

    'Finally, his Government is removing the benefit of low cost access which
    Ryanair and other low fare carriers have brought to the country.

    'This is a very sad day for the Swedish consumer and Swedish tourism. We
    hope this Government will see sense and reverse its decision to implement
    this iniquitous tax'.

Ends: Tuesday, 11th July 2006

For further information:

Peter Sherrard - Ryanair     Pauline McAlester - Murray Consultants

Tel: [phone]       Tel: [phone]



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