Booking (BKNG) S-3 Shelf registration

Exhibit 12.1

		For the three months ended June 30,				For the six months ended June 30,
(in thousands)		2004		2003
Fixed Charges Computation:
Preferred stock dividend		$	—	$	—	$	772	$	297
Interest expense, including amortization of debt issuance costs, on convertible debt			528		—		1,055		—
	Total fixed charges and preferred dividends		528		—		1,827		297
Earnings Computation:
Profit (loss) before equity in income of investee			11,436		6,584		15,893		(1,444	)
Add:
	Fixed charges		528		—		1,827		297
	Earnings as adjusted	$	11,964	$	6,584	$	17,720	$	(1,147	)
Ratio of earning to fixed charges (a)			22.7x		N/A		16.8x		N/A
Ratio of earning to fixed charges and preferred dividends (a)			22.7x		N/A		9.7x		N/A

(a)

For the six months ended June 30, 2003 earnings were not sufficient to cover fixed charges plus preferred dividends by approximately $1.4 million.