December Passenger Nos.

Ryanair Holdings PLC
03 January 2003



          RYANAIR ANNOUNCES PASSENGER GROWTH OF 64% FOR DECEMBER 2002



The following are Ryanair's passenger and internet statistics for December 2002,
presented in the same format as our competitors.

                                 December 2001     December 2002          Rolling 12 months
                                                                       ending 31 December 2002
Passengers 1                        799,613          1,307,452               14,488,012
Load Factor 2                         77%               85%                      85%
Internet Sales Percentage 3           90%               94%                      91%



 1. Represents the number of earned seats flown by Ryanair. Earned seats include
    seats that are flown whether or not the passenger turns up because Ryanair
    is a no-refund airline, and once a flight has departed a no-show customer is
    not entitled to change flights or seek a refund.
 2. Represents the number of passengers as a proportion of the number of seats
    available for passengers.
 3. Represents the number of initial seat sales sold via the Ryanair internet
    site as a percentage of total initial seat sales. Initial seat sales exclude
    changed and amended seat sales.







                           STATEMENT ON DECEMBER 2002

                                 TRAFFIC GROWTH



Ryanair, Europe's only low fares airline today published passenger numbers for
December'02 which were 64% higher than the same month last year.

   In a statement accompanying the traffic figures Ryanair's Chief Executive,
                             Michael O'Leary said;


    'I want to re-emphasise what was predicted in my interim statement of 4
    Nov'02 which was that rapid traffic growth was planned in Q3 and Q4 as a
    direct consequence of 'significantly lower' air fares and yields.

    'This strong traffic growth in December (which will continue into January)
    was a deliberate by-product of a number of lower fare initiatives including;

  • the 870,000 free seat give-away in Q3 which has reduced yields
    as expected,
  • the successful launch of four new routes from our Frankfurt
    Hahn base in early December which improved the traffic
    growth, but at lower introductory fares,
  • continuing strong growth across the existing network as a result of
    Ryanair's policy of driving down air fares, in order to widen the price gap
    between us and all of our competitors in every market.


    'Our business continues to grow as forecast, therefore this traffic growth
    in December does not give rise to any change - positive or negative - to our
    previous guidance.'

Ends                         3rd January 2002

For further information

please contact:

Ryanair

Paul Fitzsimmons

Tel. [phone]



Murray Consultants

Pauline McAlester

Tel. [phone]




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