Q3 Traffic Statistics

TBI PLC
12 January 2004





TBI PLC

                             ('TBI' or 'the Group')



                        Third Quarter Traffic Statistics



TBI's four European airports handled a total of 3.2 million passengers during
the period from 1 October to 31 December 2003, an increase of 16.2% over the
corresponding period last year (2002:  2.7 million).



As expected, low cost traffic led the growth across the portfolio increasing by
25.9% to 2.5 million passengers. Full service, which only represents some 6% of
total European traffic currently (2002:  10.5%), fell 26.4% to 208,100
passengers in line with expectations.  Charter increased marginally by 0.5% to
461,000 passengers - the charter figures are particularly encouraging given the
previously announced withdrawal of MyTravel from Luton, which was
counterbalanced by a 21% rise at Belfast.



Excluding Cardiff, all of the Group's core airport locations saw an improvement
in year on year growth over Q2.  Notable were Belfast which increased by 13%
(2002:    9.5%) and Cardiff's year on year growth rate which fell to 19.2% from
38.6%, reflecting the passing of bmibaby's first anniversary of operations at
the airport.  Despite this, Cardiff and Stockholm-Skavsta (251.4%), saw the
greatest growth over the period and all of the Group's airports experienced year
on year growth.



Note to Editors:



TBI's European airports comprise: London Luton, Belfast International, Cardiff
International and Stockholm-Skavsta



Percentage changes shown are comparisons with the same period in 2002





                                                                 12 January 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 October 2003 - 31 December 2003
 (000's)
                        Luton Belfast               Cardiff         Skavsta           Total

Full service            157.6            1.1           49.4             0.0           208.1
                       12.24%        -98.65%        -19.02%              na         -26.44%
Low cost               1254.4          785.4          167.6           292.9          2500.3
                        5.11%         26.27%         92.42%         251.20%          25.90%
Charter                 162.9          129.7          168.6             0.2           461.4
                       -7.71%         20.99%         -3.93%              na           0.48%
Total                  1574.9          916.2          385.6           293.1          3169.8

                        4.27%         13.01%         19.16%         251.44%          16.19%


Pax numbers   1 October 2002 - 31 December 2002
 (000's)
                        Luton        Belfast        Cardiff          Skavsta           Total

Full service            140.4           81.5           61.0              0.0           282.9
Low cost               1193.4          622.0           87.1             83.4          1985.9
Charter                 176.5          107.2          175.5              0.0           459.2
Total                  1510.3          810.7          323.6             83.4          2728.0





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