TULSA, Okla. -- Dollar Thrifty Automotive Group Inc. last week announced the company is seeing strong rental revenue growth in a continuing soft pricing environment. Improving travel conditions and franchise acquisitions are driving higher rental day volume, although pricing is still down slightly as compared to the 2003 first quarter.
"While we expect a slight increase in pricing in the second quarter from first quarter levels, we are not yet seeing an increase on a year-over-year basis," said Gary L. Paxton, president and CEO. "However, we expect rental volume to remain strong."
The company plans to further discuss the outlook for 2004 during its earnings announcement on April 29.