BAA's busiest ever month: traffic figures for August 2003

BAA's seven UK airports experienced their busiest ever month in August when
they handled 13.7 million passengers, an increase of 3.6% on August 2002.

All major markets recorded a continuation of the gradually improving trends
noted since the end of the Iraq War and the decline of the SARS outbreak. The
fastest growing market in August was European scheduled traffic, up 9.5%,
fuelled by further rapid growth among the low fare carriers, but there was also
a 3.0% increase in traffic for full service carriers operating in this market.

North Atlantic traffic edged closer to parity with last year, recording a drop
of only 1.1% in August, while other long haul routes collectively posted an
increase of 3.6%. Charter activity was 1.2% lower than last year, whilst
Domestic traffic was up by 1.5%.

Among the individual airports, all except Aberdeen recorded gains in August.
Heathrow recovered steadily throughout the month following the aftermath of the
British Airways' dispute in late July, achieving an increase of 1.4%. Gatwick
recorded an overall rise of 2.0%, helped by a 20.0% jump in European scheduled
traffic. Strong growth in European scheduled traffic also pushed Stansted
higher with a gain of 13.5%.

A second successive month of 79% increases at Southampton helped the airport
pass the one million annual passenger milestone during the month. In Scotland,
despite substantial increases in charter traffic, some retrenchment by low fare
carriers had the effect of curbing recent rapid growth. In August, Glasgow grew
by 1.0% on last year, Edinburgh increased by 4.7% and Aberdeen was 7.1% lower.

The total number of air transport movements at BAA airports was 0.7% up on last
year but the air cargo market continued to struggle, recording a 7.5% drop in
tonnage handled during August.

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BAA Traffic Summary : August 2003                                              
                                                                               
Terminal                        %   Fin year to        %   12 months          %
                                          date:                   to           
                                                                               
Passengers (000s) Month    Change Apr to Aug 03 Change**      Aug 03  Change***
                                *                                              
                                                                               
Heathrow           6,185.6    1.4      27,557.5     -1.1    62,646.5        4.1
                                                                               
Gatwick            3,619.9    2.0      14,663.9      2.1    29,938.4        3.1
                                                                               
Stansted           1,978.8   13.5       8,382.1     12.0    17,645.9       18.5
                                                                               
London Area Total 11,784.2    3.4      50,603.5      1.8   110,230.7        5.9
                                                                               
Southampton          140.2   79.3         592.1     63.0     1,023.4       27.1
                                                                               
Glasgow              834.1    1.0       3,927.5      4.0     8,052.9        6.1
                                                                               
Edinburgh            717.4    4.7       3,357.9      7.5     7,305.8        9.9
                                                                               
Aberdeen             225.1   -7.1       1,117.0     -3.3     2,536.0       -0.1
                                                                               
Scottish Total     1,776.5    1.3       8,402.4      4.3    17,894.6        6.6
                                                                               
BAA Total         13,701.0    3.6      59,598.0      2.5   129,148.7        6.1
                                                                               
                                                                               
Air Transport                   %    Fin year to         %   12 months        %
                                           date:                    to         
                                                                               
Movements        Month    Change*  Apr to Aug 03  Change**      Aug 03 Change**
                                                                              *
                                                                               
Heathrow           40,031    -1.0        192,387      -2.3     456,524      0.3
                                                                               
Gatwick            23,917     0.3        106,421      -0.3     236,999      2.2
                                                                               
Stansted           15,761     8.0         73,925       8.4     167,642     13.8
                                                                               
London Area        79,709     1.1        372,733       0.2     861,165      3.2
Total                                                                          
                                                                               
Southampton         3,273    24.1         14,981      20.6      30,386      7.2
                                                                               
Glasgow             8,180    -1.0         39,954      -0.2      88,664     -1.6
                                                                               
Edinburgh           9,071    -1.6         44,919      -1.7     105,448      0.8
                                                                               
Aberdeen            6,685    -7.5         33,891      -4.1      79,541     -5.1
                                                                               
Scottish Total     23,936    -3.1        118,764      -1.9     273,653     -1.8
                                                                               
BAA Total         106,918     0.7        506,478       0.2   1,165,204      2.1
                                                                               
                                                                               
Cargo                           %    Fin year to         %   12 months        %
                                           date:                    to         
                                                                               
(Metric Tonnes)  Month    Change* Apr to Aug 03   Change**      Aug 03 Change**
                                                                              *
                                                                               
Heathrow           94,269    -7.7        496,122      -4.1   1,232,065      4.4
                                                                               
Gatwick            17,898    -9.7         91,294      -9.3     230,671     -5.1
                                                                               
Stansted           14,440    -3.4         78,173       2.3     193,880     12.0
                                                                               
London Area       126,607    -7.6        665,589      -4.1   1,656,616      3.8
Total                                                                          
                                                                               
Southampton            24   -35.1            153     -12.0         360     -7.1
                                                                               
Glasgow               669   -10.2          2,800      -8.1       5,180     -2.7
                                                                               
Edinburgh           1,949    -5.0         10,475      11.8      24,149     32.3
                                                                               
Aberdeen              310    -8.6          1,522      -7.2       3,488    -11.2
                                                                               
Scottish Total      2,928    -6.6         14,797       5.3      32,817     19.3
                                                                               
BAA Total         129,559    -7.5        680,539      -3.9   1,689,792      4.0
                                                                               
Above data excludes Air Taxi passengers and Air Taxi movements.                
                                                                               
* compared to the month of August 2002                                         
                                                                               
** compared to the five months April to August 2002                            
                                                                               
*** compared to the twelve months to August 2002                               


Market Comparison: August 2003                           
                                                         
                    BAA Total        BAA Total           
                                                         
Market                  August 02    August 03           
                                                         
                           (000s)       (000s)   % Change
                                                         
Domestic                    2,277        2,311        1.5
                                                         
Eire                          649          627       -3.4
                                                         
European Scheduled          4,693        5,140        9.5
                                                         
European Charter*           2,053        2,028       -1.2
                                                         
North Atlantic              1,839        1,820       -1.1
                                                         
Other Long Haul             1,713        1,775        3.6
                                                         
Total                      13,225       13,701        3.6

* includes North African Charter

Note: Origins and destinations are classified according to ultimate origin or
destination of aircraft in the case of multi sector flights

Note: Figures for the market sectors have been rounded. Totals as per Traffic
Summary.



END