Booking (BKNG) 10-Q 2007 Q1 Quarterly report

Exhibit 12.1

Ratio of Earnings to Fixed Charges

(in thousands)

	For the Three Months Ended March 31,
	2007			2006
Fixed Charges Computation:
Preferred stock dividend	$	1,555		$	865
Interest expense, including amortization of debt issuance costs	2,470			1,498
Assumed interest element included in rent expense	372			292
Total fixed charges and preferred dividends	$	4,397		$	2,655
Earnings Computation:
Loss before income taxes, equity in income (loss) of investees and minority interests	(26,216		)	(1,041		)
Less:
Preferred stock dividend	(1,555		)	(865		)
Minority interests	(183		)	295
Add:
Fixed charges	4,397			2,655
Earnings as adjusted	$	(23,557	)	$	1,044
Ratio of earnings to fixed charges	N/M		(1)	0.7x
Ratio of earnings to fixed charges and preferred dividends	N/M		(1)	0.4x

(1)For the three months ended March 31, 2007, earnings were not sufficient to cover fixed charged plus preferred dividends by approximately $28.0 million.