price line.com president and ceo jeff boyd joins us right now for a first on cnbc interview. eat to see you. congratulations on your quarter. >> thank you very much. >> jeff, what's really this all about here? we're in the midst of what has been the worst recession since the great depression. how is it that an online travel site can actually be seeing such an increase in bookings at a time like this? >> for some time things helping online travel in our business going forward have tended to overshadow some of the negatives of the recession. in particular we're benefiting from favorable trends around the world, people moving travel purchasing behavior from off line channels like the main street travel agent to the internet. that trend is very powerful internationally as well as here in the united states. we really benefited from it. >> is this a case of you taking more market share from competitors, or is this really beam going out there and saying i want to book a trip right now? >> i think it's a little bit of both. we certainly have seen stronger demand for summer travel for