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Dollar Thrifty Automotive Group Reports Record First Quarter Results

Earnings per share surge 32.7 percent

Terri Snow
Executive Director - Corporate Communications
(918) 669-2743

Steve Hildebrand
Chief Financial Officer
(918) 669-2288

Tulsa, Oklahoma, April 24, 2006: Dollar Thrifty Automotive Group,
Inc. (NYSE: DTG) today reported results for the first quarter ended March 31,
2006. Total revenue was a first quarter record of $362.6 million, up 5.8 percent
from the prior year’s first quarter. Net income for the first quarter was
a record $16.9 million, or $.65 per diluted share. For the comparable 2005 first
quarter, total revenue was $342.8 million and net income was $13.0 million,
or $.49 per diluted share.

For the 2006 first quarter, DTG achieved vehicle rental revenue of $332.7 million,
a 6.3 percent increase over the 2005 first quarter, as a result of a 4.7 percent
increase in rental days and a 1.6 percent increase in revenue per day. Same
store rental days were up 2.5 percent for the quarter.

We were very pleased with our first quarter results which set new records
for first quarter revenue, net income and earnings per share,” Gary L.
Paxton, President and Chief Executive Officer, said. “Our employees did
a good job of driving balanced revenue growth with increases in both rental
days and revenue per day, while keeping a sharp focus on controlling costs.
We achieved very strong utilization of our fleet and benefited from the cost
saving initiatives implemented late last year. Vehicle depreciation costs increased
in the first quarter and, as anticipated, such increases will accelerate in
the second quarter as we transition to a complete mix of 2006 model year vehicles.
We also benefited from the new federal legislation passed in August 2005 which
removes unlimited vicarious liability for vehicle rental and leasing companies.

“During the quarter, we acquired the Dollar Rent A Car franchises in Tulsa,
Oklahoma City, and Nashville, and we recently completed the acquisitions of
the Thrifty Car Rental franchises in Providence, Rhode Island, and Little Rock,
Arkansas. We will continue to acquire locations as they become available at
values that meet our return on investment goals.”

During the first quarter, the Company purchased 601,300 shares at a total cost
of $25 million under its $300 million share repurchase program and has $275
million of remaining authorization to be completed by December 31, 2008.

“We are off to a great start this year,” Paxton said. “While
the industry remains very competitive, we are optimistic that the travel environment
will remain strong and that rental prices will continue to trend upward. This
year’s second quarter will benefit from April’s strong Easter travel
period which occurred in March last year. Advance reservations for the balance
of the second quarter are solid and reflect a continuation of favorable year
over year pricing trends. For the full year 2006, we are still planning to achieve
a 3 to 4 percent increase in revenue per day and a 5 to 6 percent increase in
rental days, which combined would offset the expected increase in vehicle depreciation
costs. We are planning for increased spending for information technology and
marketing, higher vehicle interest expense and other inflationary cost increases
which we believe can be offset by the cost saving initiatives we have implemented
and the savings from changes in vicarious liability insurance laws. Based on
the strong first quarter results and our continued positive outlook, we are
increasing our 2006 diluted earnings per share guidance to a range of $2.15
to $2.45 from our previous guidance range of $2.05 to $2.35.”

Web cast and conference call information
The Dollar Thrifty Automotive Group, Inc. first quarter 2006 earnings conference
call and live audio Web cast will be held on Monday, April 24, 2006 at 9:00
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 888-809-8966 (domestic) or 210-234-0012 (international). An audio replay
of the conference call will be available through May 8, 2006, by calling 866-479-2457
(domestic) or 203-369-1532 (international). The ID and pass code for both the
domestic and international replay is “Dollar Thrifty.” The replay
will also be available via the corporate Web site for one year.

About Dollar Thrifty Automotive Group, Inc.
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 8,500 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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