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Press Release

Rent from Budget and Receive Triple Airline Miles

American Airlines AAdvantage Members can Earn 150 Miles per Day

Parsippany, NJ May 24, 2004 -

Budget Rent A Car System, Inc. today announced the extension of its offer for American Airlines AAdvantage® members. AAdvantage members can now earn triple miles on all qualifying rentals for an additional two months. Through August 31, 2004 customers can receive 150 miles per day for renting a Midsize vehicle (Ford Mustang Coupe or similar) or higher at participating Budget airport locations in the United States, Latin America and the Caribbean.

For reservations, American Airlines AAdvantage members can call 800-BUDGET-7 (800-283-4387), visit budget.com or contact a local travel agent. Just mention Budget Customer Discount (BCD) U031700 at the time of reservation. Blackout dates may apply. For complete details, including the terms and conditions of this promotion, visit budget.com/aatriplemiles.

About American Airlines
American Airlines is the world's largest carrier. American, American Eagle and the AmericanConnection® regional carriers serve more than 250 cities in over 40 countries with almost 4,200 daily flights. The combined network fleet numbers more than 1,000 aircraft. American's award-winning Web site, AA.com, provides users with easy access to check and book fares, plus personalized news, information and travel offers. For more information on the AAdvantage program, visit aa.com/aadvantage. American Airlines is a founding member of the oneworldTM Alliance.

American Airlines and AAdvantage are trademarks of American Airlines, Inc.

American Airlines reserves the right to change the AAdvantage program at any time without notice. American Airlines is not responsible for products or services offered by other participating companies. For complete details about the AAdvantage program, visit www.aa.com/aadvantage.

About Budget

Budget Rent A Car System, Inc. is the owner and franchiser of one of the world's best-known car rental brands with more than 1,900 car rental locations in the U.S., Canada, Latin America, Caribbean, Australia and New Zealand. The company is a wholly owned subsidiary of Cendant Corporation (NYSE: CD), a diversified global provider of business and consumer services primarily within the travel and real estate sectors. For further information visit budget.com or cendant.com/media.


Alice Pereira
Senior Associate, Public Relations
Cendant Car Rental Group
6 Sylvan Way
Parsippany, NJ 07054
973-496-6113
alice.pereira@cendant.com

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