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<PAGE>
EXHIBIT 12.1
SABRE HOLDINGS CORPORATION
COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES
(IN THOUSANDS)
<TABLE>
<CAPTION>
NINE MONTHS ENDED
SEPTEMBER 30,
2000
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<S> <C>
EARNINGS:
Earnings before taxes $ 291,765
Minority interests in consolidated subsidiaries (23,451)
Income from equity investees (15,329)
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Earnings before taxes, minority interests and earnings from equity investees 252,985
Add: Total fixed charges (per below) 30,622
Distributed income of equity investees 6,979
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Total earnings $ 290,586
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FIXED CHARGES:
Interest expensed $ 15,813
Estimate of interest within rental expense (1) 14,809
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Total fixed charges $ 30,622
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Ratio of earnings to fixed charges 9.49
=========
</TABLE>
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(1) Fixed charges include the estimated interest component of rent expense
(one-third of rent expense under operating leases).
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