Dollar Thrifty Automotive 8-K Results of Operations and Financial Condition

Exhibit 99.24

Press Release

Contacts:

Media:	Terri Snow				Financial:	Steve Hildebrand
		Executive Director -					Chief Financial Officer
			Corporate Communications				(918) 669-2288
			(918) 669-2743
				tsnow@dtag.com

FOR IMMEDIATE RELEASE

DOLLAR THRIFTY AUTOMOTIVE GROUP REPORTS SECOND
QUARTER RESULTS

TULSA, OKLAHOMA, July 28, 2005: Dollar Thrifty Automotive Group, Inc. (NYSE:DTG), today reported results for the second quarter ended June 30, 2005. Total revenue for the 2005 second quarter was $367.7 million, a 3.6 percent increase over the 2004 second quarter. Net income for the quarter was $11.3 million, or $.43 per diluted share. For the comparable 2004 quarter, net income was $17.9 million, or $.68 per diluted share.

For the first six months of 2005, total revenue was $710.5 million, an 8.7 percent increase over the first half of 2004. Net income for the six-month period was $24.3 million, or $.92 per diluted share, compared to $24.4 million or $.93 per diluted share, which includes the $.14 per share favorable cumulative effect of a change in accounting principle for the first six months of 2004.

DTG achieved a 5.8 percent increase in vehicle rental revenue reaching $335.6 million for the 2005 second quarter. Total rental day growth was 8.8 percent driven mostly by franchise acquisitions, while same store rental days grew by 0.5 percent. Revenue per day decreased by 2.7 percent during the quarter due primarily to increased competition.

“Second quarter results reflected highly competitive industry conditions and the transitional impact of changes to our internet reservation strategy,” Gary L. Paxton, President and Chief Executive Officer, said. “We benefited from the continued strong used car market allowing us to lower our vehicle costs, but we fell short of our rental day volume expectations and were challenged by competitive industry pricing. In addition, we were impacted by our previously announced change to non-preferred status with Expedia and the year-over-year impact of the shift of Easter from April last year to March of this year.

“Since changing our Expedia relationship effective May 1, we have made significant progress in increasing the number of reservations from our lower cost channels, particularly our two branded Web sites, dollar.com and thrifty.com. Our decision to move to non-preferred status on Expedia is the right long-term decision for our two brands despite the short-term effects.”

During the second quarter, DTG purchased 288,400 shares under its $100 million share repurchase program at a total cost of $10 million. Since announcing the program in July 2003, DTG has purchased 1.5 million shares at a cost of $44.1 million.

Outlook

“We expect travel demand to remain strong across the summer travel season and for the rental car market to remain highly competitive,” Paxton said. “Based on early trends, we expect the Company will have stronger performance in the third quarter for rental day growth, revenue per day trends and vehicle utilization than we achieved in the second quarter. Including our second quarter results, we are lowering our expectation for full year 2005 same store rental day growth to a range of 2 percent to 4 percent and lowering our expectation for revenue per day to be about flat with last year. We are lowering our 2005 earnings per share guidance to our original range of $2.00 to $2.20.

“We expect the vehicle manufacturers will reduce vehicle sales to the rental car industry for the 2006 model year and will increase industry vehicle costs. These cost increases would begin to impact the industry in the fourth quarter of this year with a more significant impact in 2006.”

The Dollar Thrifty Automotive Group, Inc. second quarter 2005 earnings release conference call will be held on Thursday, July 28, 2005, at 10:00 a.m. (central daylight 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 888-577-8990 (domestic) or 773-681-5826 (international), using the pass code “Dollar Thrifty.” An audio replay of the conference call will be available through August 9, 2005, by calling 800-876-8729 (domestic) or 203-369-3934 (international). The replay will also be available via the corporate Web site for one year.

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 1,600 corporate and franchised worldwide locations including over 800 in the United States and Canada. The Dollar or Thrifty brands operate in virtually all of the top U.S. airport markets; both brands operate in all of the top Canadian airport markets. The Company's more than 8,300 employees are located mainly in North America, but global service capabilities exist through an ever 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; 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.

Table 1

Dollar Thrifty Automotive Group, Inc.
Consolidated Statement of Income
(In thousands, except share and per share data)
Unaudited

			Three months ended						As % of
			June 30,						Total revenues
			2005			2004			2005			2004
Revenues:
	Vehicle rentals			$	335,562		$	317,040		91.3	%		89.3	%
	Vehicle leasing				15,311			20,709		4.2	%		5.8	%
	Fees and services				12,454			14,949		3.4	%		4.2	%
	Other				4,349			2,242		1.1	%		0.7	%
		Total revenues			367,676			354,940		100.0	%		100.0	%
Costs and Expenses:
	Direct vehicle and operating				209,934			180,083		57.1	%		50.7	%
	Vehicle depreciation and lease charges, net				54,236			64,785		14.8	%		18.3	%
	Selling, general and administrative				60,129			56,253		16.3	%		15.8	%
	Interest expense, net				23,518			23,038		6.4	%		6.5	%
		Total costs and expenses			347,817			324,159		94.6	%		91.3	%
Income before income taxes					19,859			30,781		5.4	%		8.7	%
Income tax expense					8,513			12,873		2.3	%		3.7	%
Net income				$	11,346		$	17,908		3.1	%		5.0	%
Earnings per share:
	Basic			$	0.45		$	0.72
	Diluted			$	0.43		$	0.68
Weighted average number
of shares outstanding:
	Basic				25,061,135			25,045,211
	Diluted				26,452,991			26,352,207

Table 1 (Continued)

Dollar Thrifty Automotive Group, Inc.
Consolidated Statement of Income
(In thousands, except share and per share data)
Unaudited

			Six months ended						As % of
			June 30,						Total revenues
			2005			2004			2005				2004
Revenues:
	Vehicle rentals			$	648,515		$	582,385		91.3	%			89.1	%
	Vehicle leasing				29,837			38,477		4.2	%	��		5.9	%
	Fees and services				24,730			27,083		3.5	%			4.1	%
	Other				7,394			5,703		1.0	%			0.9	%
		Total revenues			710,476			653,648		100.0	%			100.0	%
Costs and Expenses:
	Direct vehicle and operating				400,611			336,648		56.4	%			51.5	%
	Vehicle depreciation and lease charges, net				107,823			133,984		15.2	%			20.5	%
	Selling, general and administrative				114,984			103,800		16.2	%			15.9	%
	Interest expense, net				43,012			42,247		6.0	%			6.4	%
		Total costs and expenses			666,430			616,679		93.8	%			94.3	%
Income before income taxes					44,046			36,969		6.2	%			5.7	%
Income tax expense					19,725			16,304		2.8	%			2.5	%
Income before cumulative effect of a change in accounting principle					24,321			20,665		3.4	%			3.2	%
Cumulative effect of a change in accounting principle					-			3,730		0.0	%			0.5	%
Net income				$	24,321		$	24,395		3.4	%			3.7	%
Basic earnings per share:
	Income before cumulative effect of a change in accounting principle			$	0.97		$	0.83
	Cumulative effect of a change in accounting principle				-			0.15
	Net income			$	0.97		$	0.98
Diluted earnings per share:
	Income before cumulative effect of a change in accounting principle		$		0.92		$	0.79
	Cumulative effect of a change in accounting principle				-			0.14
	Net income			$	0.92		$	0.93
Weighted average number
of shares outstanding:
	Basic				25,055,929			24,999,251
	Diluted				26,379,235			26,300,989

Table 2

Dollar Thrifty Automotive Group, Inc.
Selected Operating and Financial Data

	Three months ended			Six months ended
	June 30, 2005			June 30, 2005
OPERATING DATA:
Vehicle Rental Data: (includes new stores)
Average number of vehicles operated		114,913			108,504
% change from prior year		10.7%			15.0%
Number of rental days		8,778,176			16,514,641
% change from prior year		8.8%			11.9%
Vehicle utilization		83.9%			84.1%
Percentage points change from prior year		(1.5) p.p.			(1.9) p.p.
Average revenue per day		$38.23			$39.27
% change from prior year		(2.7%	)		(0.5%	)
Monthly average revenue per vehicle		$973			$996
% change from prior year		(4.4%	)		(3.2%	)
Same Store Vehicle Rental Data: (excludes new stores)
Average number of vehicles operated		106,578			98,629
% change from prior year		2.7%			4.6%
Number of rental days		8,109,429			14,928,440
% change from prior year		0.5%			1.2%
Vehicle Leasing Data:
Average number of vehicles leased		12,288			11,925
% change from prior year		(31.7%	)		(29.6%	)
Monthly average revenue per vehicle		$415			$417
% change from prior year		8.1%			10.0%
FINANCIAL DATA: (in millions) (unaudited)
Non-vehicle depreciation and amortization		$  7			$ 13
Non-vehicle capital expenditures (excludes acquisitions)		9			15
Franchise acquisitions		1			3
Cash paid for income taxes		1			-

Selected Balance Sheet Data
(In millions)

	June 30,						December 31,
	2005			2004			2004
	(Unaudited)
Cash and cash equivalents		$	185		$	141		$	204
Restricted cash and investments			102			70			455
Revenue-earning vehicles, net			3,052			2,835			2,268
Total debt (all vehicle debt)			2,857			2,630			2,500
Stockholders' equity			637			572			603