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Dollar Thrifty Automotive Group Reports Fourth Quarter And Full Year Earnings

2005 Net Income Increases 14.9 percent;
Earnings Per Share Up 13.9 Percent


Contact:
Terri Snow
Executive Director - Corporate Communications
(918) 669-2743
terri.snow@dtag.com


Steve Hildebrand
Chief Financial Officer
(918) 669-2288

Tulsa, Oklahoma, February 9, 2006: Dollar Thrifty Automotive
Group, Inc.
(NYSE: DTG) today reported results for the fourth quarter and year
ended December 31, 2005. Total revenue for the fourth quarter was a record $355.2
million, up 1.7 percent from the comparable 2004 quarter. Net income for the
2005 fourth quarter was $5.6 million, or $.21 per diluted share, compared to
net income of $1.4 million, or $.05 per diluted share in the 2004 fourth quarter.

For the year ended December 31, 2005, the Company’s revenue was a record
$1.5 billion, a 6.9 percent increase over the prior year. Net income was $58.4
million, or $2.21 per diluted share, compared to net income of $50.8 million,
or $1.94 per diluted share in 2004, including the $.14 per share favorable cumulative
effect of a change in accounting principle to adopt FASB Interpretation No.
46(R), “Consolidation of Variable Interest Entities.”

The fourth quarter revenue includes a 3.7 percent increase in vehicle rental
revenue resulting from a 3.0 percent increase in rental days combined with a
0.7 percent increase in revenue per day. Vehicle leasing revenue declined due
to fewer vehicles leased to franchisees resulting primarily from franchisee
acquisitions, which was partially offset by higher lease rates.

Gary Paxton, President and Chief Executive Officer, said, “We were pleased
with the results for the year and the fourth quarter. Our management team and
employees demonstrated their ability to manage through an environment of competitive
industry pricing, disruptions from hurricanes and the changing landscape of
the Internet reservation channels and still grow revenues, net income and profit
margins. We again demonstrated our expertise in efficiently managing our fleet
resulting in strong vehicle utilization. In addition, we were able to capture
used car market opportunities to lower vehicle costs. Our costs also improved
as a result of a change in the vicarious liability laws which will benefit our
industry going forward."

Outlook
“We expect the vehicle rental industry to remain very competitive in 2006,”
Paxton said. “Rising vehicle depreciation and associated interest costs
in excess of general inflation will place added pressure on our industry to
raise prices this year. We are planning for a 3 to 4 percent increase in revenue
per day and a 5 to 6 percent increase in rental days in 2006 which combined
would offset the expected increase in vehicle depreciation costs. Early 2006
pricing trends are positive and we are optimistic that we can achieve increases
in revenue per day. We have also identified and implemented numerous cost saving
initiatives which, along with lower costs resulting from changes in vicarious
liability insurance laws, are expected to offset increased spending for information
technology and marketing, higher vehicle interest expense and other inflationary
cost increases. We will continue to pursue additional cost saving opportunities
this year. Based on these factors, the Company estimates 2006 earnings per share
in the range of $2.05 to $2.35.”

Web cast and conference call information
The Dollar Thrifty Automotive Group, Inc. fourth quarter/full year 2005 earnings
conference call and live audio Web cast will be held on Thursday, February 9,
2006, at 10:00 a.m. (central time). Those interested in listening to the conference
call live may access the call via Web cast at the corporate Web site, dtag.com,
or by dialing 888-390-5183 (domestic) or 630-395-0022 (international). The ID
and pass code for the call is “Dollar Thrifty.” An audio replay of
the conference call will be available through February 23, 2006, by calling
800-666-0520 (domestic) or 203-369-3705 (international). The ID and pass code
for the replay is “Dollar Thrifty.” The replay will also be available
via the corporate Web site for one year.

Annual Meeting of Stockholders
The Dollar Thrifty Automotive Group Annual Meeting of Stockholders will be held
on May 18, 2006 at 11:00 a.m. (central time) at the Company’s worldwide
headquarters in Tulsa.

Dollar Thrifty Automotive Group, Inc. is a Fortune 1000 Company headquartered
in Tulsa, Oklahoma. Driven by the mission “Value Every Time,” the
Company's brands, Dollar Rent A Car and Thrifty Car Rental, serve value-conscious
travelers in approximately 70 countries. Dollar and Thrifty have over 800 corporate
and franchised locations in the United States and Canada including operations
at most major airports. The Company's more than 8,000 employees are located
mainly in North America, but global service capabilities exist through an expanding
international franchise network. For additional information, visit dtag.com.

Some of the statements contained in this press release may constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995. Although Dollar Thrifty Automotive Group, Inc. believes such forward-looking
statements are based upon reasonable assumptions, such statements are not guarantees
of future performance and certain factors could cause results to differ materially
from current expectations. These factors include: price and product competition;
access to reservation distribution channels; economic and competitive conditions
in markets and countries where the companies' customers reside and where the
companies and their franchisees operate; natural hazards or catastrophes; incidents
of terrorism; airline travel patterns; changes in capital availability or cost;
costs and other terms related to the acquisition and disposition of automobiles;
systems or communications failures; costs of conducting business and changes
in structure or operations; and certain regulatory and environmental matters
and litigation risks. Should one or more of these risks or uncertainties, among
others, materialize, actual results could vary from those estimated, anticipated
or projected. Dollar Thrifty Automotive Group, Inc. undertakes no obligation
to update or revise forward-looking statements to reflect changed assumptions,
the occurrence of unanticipated events or changes to future operating results
over time.

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