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Dollar Thrifty Automotive Group Reports Tax Impact on First Quarter Earnings

31 March 1998

Dollar Thrifty Automotive Group Reports Tax Impact on First Quarter Earnings

    TULSA, Okla., March 30 -- Dollar Thrifty Automotive Group,
Inc. , today announced that first quarter earnings will reflect the
unfavorable impact of $.03 per share when a required, higher income tax
provision is applied to pre-tax consensus earnings estimates.  The Company's
Canadian subsidiary, which is expected to operate at a net loss in 1998, has a
separate income tax rate than that of the Company's U.S. operations.  Interim
reporting requirements for applying the separate, annual effective income tax
rates to U.S. and Canadian operations, combined with the seasonal impact of
operations, will cause significant variations in the Company's quarterly
consolidated effective income tax rates.
    "There is no impact on full-year net income or earnings per share as a
result of this interim reporting requirement," Steven B. Hildebrand, Vice
President and Chief Financial Officer of Dollar Thrifty Automotive Group,
said.
    Dollar Thrifty Automotive Group, Inc. consists of Dollar Rent A Car and
Thrifty Car Rental.  The Dollar and Thrifty systems have worldwide locations
in approximately 75 countries including 891 corporate and franchised locations
in the United States and Canada.  The companies provide car rental services
primarily to value-conscious discretionary and leisure travelers.  Dollar has
on-airport locations at major airports throughout the United States with a
focus on serving the leisure and international tour business.  Thrifty serves
both the airport and local car rental markets and is a leading lessor of
rental vehicles to car rental franchisees in North America.

SOURCE  Dollar Thrifty Automotive Group, Inc.