Q1 Traffic Statistics

TBI PLC
08 July 2004

TBI PLC
('TBI' or 'the Group')


Q1 Traffic Statistics


TBI's four European airports* handled a total of 3.83 million passengers during
the period from 1 April to 30 June 2004, an increase of 5.8% over the
corresponding period last year (2003:  3.62 million).


Growth was seen across all three passenger groups driven primarily by the low
cost sector which saw traffic increase by 7.7% to 2.8 million passengers (2003:
2.60 million). The full service segment saw an increase of 4.2% to 230,800
passengers boosted by an 11.2% increase at Cardiff. Charter was stable at
793,384 passengers.


On an airport-by-airport basis, the picture was slightly more variable. Luton
saw a 4.8% increase in total traffic to 1.86m driven by a 6.4% increase in
low-cost and a 3.4% increase in full-service. Belfast has had an impressive
start to the year with passenger numbers up 8.9% driven by strong growth in both
the low-cost and charter segments, rising 9.8% and 6.9% respectively. In
contrast, Cardiff saw declines in both low-cost, down 9.6%, and charter, down
3.2%, but a 11.2% increase in full service as a result of a strong performance
from KLM's service to Amsterdam. Stockholm Skavsta again saw the greatest growth
of 21.35% as it continues to benefit from the growth of Ryanair's operations but
also through the addition of new services by Basiq Air which commenced in
February 2004.


* London Luton, Belfast International, Cardiff International and
Stockholm-Skavsta





                                                                     8 July 2004



Enquiries:


TBI plc                                              Tel:  [phone]
Keith Brooks, Chief Executive
Caroline Price, Finance Director

College Hill                                         Tel:  [phone]
Justine Warren








APPENDIX


TBI Traffic Summary:


Pax Numbers   1 April - 30 June 2004
 (000's)

                        Luton        Belfast         Cardiff         Skavsta           Total

Full service            188.0            1.0            41.8             0.0           230.8
                        3.41%        -52.38%          11.17%              na           4.20%
Low cost               1437.8          830.8           192.4           343.1          2804.1
                        6.42%          9.79%          -9.63%          20.79%           7.66%
Charter                 236.8          272.3           282.7           1.584         793.384
                       -3.11%          6.95%          -3.22%              na           0.29%
Total                  1862.6         1104.1           516.9           344.7          3828.3

                        4.81%          8.95%          -4.74%          21.35%           5.83%




Pax numbers   1 April  - 30 June 2003
 (000's)

                        Luton        Belfast         Cardiff         Skavsta           Total

Full service            181.8            2.1            37.6             0.0           221.5
Low cost               1351.0          756.7           212.9           284.0          2604.6
Charter                 244.4          254.6           292.1             0.0           791.1
Total                  1777.2         1013.4           542.6           284.0          3617.1






                      This information is provided by RNS
            The company news service from the London Stock Exchange