SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of May, 2004 RYANAIR HOLDINGS PLC (Translation of registrant's name into English) c/o Ryanair Ltd Corporate Head Office Dublin Airport County Dublin Ireland (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F..X.. Form 40-F..... Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes ..... No ..X.. If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ________ 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 EUR 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. 353-1-8121212 Tel. 353-1-4980300 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. RYANAIR HOLDINGS PLC Date: 6 May, 2004 By:___/s/ Howard Millar____ H Millar Company Secretary & Finance Director