BAA announce results for three months ended 31-Mar-2010

Passenger traffic of 18.6 million with underlying growth of 1.1% including 3.0% at Heathrow. Strong retail momentum with net retail income per passenger up 10.7%. Underlying revenue and Adjusted EBITDA up 7.6% and 18.7% respectively. Reported revenue and Adjusted EBITDA up 5.5% and 3.3% respectively. £28 million one-off impact of volcanic ash related disruption since period end. Substantially lower pre-tax loss with similar underlying performance and significantly lower fair value adjustments.