Dollar Thrifty Reports Third-Quarter Earnings

TULSA, Okla. --- Dollar Thrifty Automotive Group, Inc. reported results for the third quarter ended September 30, 2005. Total revenue for the 2005 third quarter was $456.7 million, an 8.5 percent increase over the same period last year.

Net income for the quarter was $28.4 million, or $1.07 per diluted share. For the comparable 2004 quarter, net income was $25.0 million, or $.96 per diluted share.

Total year-to-date revenue was $1.2 billion at the end on September, an 8.6 percent increase over the first nine months of 2004.

Net income for the nine months ended September 30, 2005, was $52.7 million, or $2.00 per diluted share, compared to $49.4 million, or $1.88 per diluted share. Third quarter vehicle rental revenue increased 10.9 percent to $419.1 million, driven by an 11.7 percent increase in rental days partially offset by a 0.7 percent decline in revenue per day. Same store rental days were up 4.6 percent and franchise acquisitions added another 7.1 percent to rental day growth.

Vehicle leasing revenue declined from last year's third quarter due to fewer vehicles leased to franchisees resulting primarily from franchise acquisitions, which was partially offset by higher lease rates.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Auto Manufacturers: Mobility Disruptors or Fleet Providers?

Maven’s Alex Keros shares insights into evolving smart mobility business models and new opportunities with fleet management.

What is Your Time Worth?

Personal observations of retail and travel transactions reveal just how much a consumer’s time is worth today, and how increasingly intolerant we are of inefficient transactions.

Safeguarding Your Business with Brokers

While the high-profile bankruptcy of Atlas Choice has left many car rental companies wary of working with brokers, rental companies can take steps to protect themselves and ensure a productive relationship.

Job Finder: Access Top Talent. Fill Key Positions.

>