Exhibit 12.1

SABRE HOLDINGS CORPORATION  COMPUTATION OF RATIO OF EARNINGS  TO FIXED CHARGES  (in thousands)

|                                   |                                                                                                 | Three Months Ended
March 31, 2004
|---------------------------------- | ----------------------------------------------------------------------------------------------- | ---------------------------------
|Earnings:                          |                                                                                                 |                                  
|                                   | Income before taxes                                                                             |                                  
|                                   | Minority interests in consolidated subsidiaries                                                 |                                  
|                                   | Loss from equity investees                                                                      |                                  
|                                   |                                                                                                 |                                  
|                                   | Income before provision for income taxes, minority interests and loss from
    equity investees |                                  
|                                   | Add:  Total fixed charges (per below)                                                           |                                  
|                                   | Distributed income of equity investees                                                          |                                  
|                                   |                                                                                                 |                                  
|                                   |                                                                                                 | Total earnings                   
|                                   |                                                                                                 |                                  
|Fixed charges:                     |                                                                                                 |                                  
|                                   | Interest expensed                                                                               |                                  
|                                   | Estimate of interest within rental expense (1)                                                  |                                  
|                                   |                                                                                                 |                                  
|                                   |                                                                                                 | Total fixed charges              
|                                   |                                                                                                 |                                  
|Ratio of earnings to fixed charges |                                                                                                 |                                  
|                                   |                                                                                                 |                                  

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