3% pay increase to staff

Ryanair Holdings PLC
06 May 2004


                    RYANAIR STAFF TO RECEIVE 3% PAY INCREASE

Ryanair today (Thursday, 6th May 2004) confirmed to its staff that it would
proceed with a 3% pay increase effective 1 April 2004. This increase, which
would equate to up to €2,000 extra per annum of the basic pay of pilots, will be
implemented in the May payroll and will be backdated to 1 April.

Ryanair was quick to clarify that this pay increase was not any indication of
better times ahead, but rather an appropriate reward for the continued
productivity gains delivered by its people. Ryanair was the first airline in
Europe back in January to warn of a pessimistic outlook for fares and yields and
the airline continues to see no change in these very competitive market
conditions. Ryanair is continuing to expand rapidly, opening new routes, driving
down fares and winning market share from all its competitors.

Traffic figures to be released later today for April will confirm Ryanair's
continuing strong growth, but in a very demanding yield environment.
Confirming these pay increases today Ryanair's Chief Executive, Michael O'Leary
said:

    'Even in difficult times it remains our priority to reward our staff first,
    with better pay and conditions than our competitors. Whilst we expect the
    coming year to be tough and the Winter to be particularly difficult, this
    pay increase at this time is both a vote of thanks and a demonstration of
    our confidence in our people who will continue to drive efficiency and
    continue to widen the substantial cost and price advantage Ryanair has over
    all other airlines in Europe.

    'As history has repeatedly shown that during price wars, the lowest cost
    operator wins. In the European airline business lowest cost - by a distance
    - is Ryanair. We will continue to use this cost advantage to offer lower
    fares and take more share from both the high fare and not so high fare
    airlines of Europe'.

Ends.             Thursday, 6th May 2004

For reference:    Paul Fitzsimmons              Pauline McAlester
                  Ryanair                       Murray Consultants
                  Tel. [phone]            Tel. [phone]



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