Re: MyTravel

TBI PLC
27 July 2004


TBI plc

Response to MyTravel announcement


TBI has today been notified by MyTravel of changes to its UK based charter
aircraft network.  As part of these plans, MyTravel will be reducing its
services from Cardiff International with expected effect from the end of October
2004.  These represent around one third of Cardiff International's charter
business which has remained steady for many years with continuing good
underlying demand.

The Board of TBI (the 'Board') is confident that the majority of the c.320,000
holidaymakers potentially affected will still travel from Cardiff International.
Indeed, MyTravel has indicated to TBI that it intends to have an aircraft
operating from Cardiff International in Summer 2005.  Making no allowance for
any further MyTravel traffic or any other replacement capacity, the Board
believes the direct financial impact would be a reduction in profit before tax
of approximately £0.6 million for the financial year ending 31 March 2005 and
approximately £2.0 million for the year ending 31 March 2006.

MyTravel's operations from Belfast International, which accounted for 400,000
passengers in the year ended 31 March 2004, will not be affected.  MyTravel has
only a very small presence at London Luton and this traffic will also be
continued.

Keith Brooks, Chief Executive of TBI, said today:

'Though disappointing, today's announcement by MyTravel reflects the difficult
decisions being taken by this organisation as it continues to restructure.   TBI
is currently talking to several airlines about additional traffic opportunities
from Cardiff International and will take all steps possible to ensure passenger
holiday flight demand is satisfied in full.

'As last week's announcements of significant new routes from London Luton by
easyJet and Ryanair demonstrate, TBI's airports continue to make good progress
benefiting from attractive catchment areas.'


27 July 2004


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

College Hill                                         Tel: [phone]
Justine Warren



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