TULSA, Okla. -- Dollar Thrifty Automotive Group Inc. announced it expects to exceed early earnings estimates of 54 cents per share for the second quarter.
"Throughout the second quarter, we have kept our fleet size well below prior year levels, allowing us to operate efficiently and to achieve strong year-over-year pricing," said Joseph E. Cappy, chairman, CEO and president. "These actions, combined with continued tight cost controls, will enable us to exceed second-quarter earnings expectations. As airline passenger traffic continues to improve into the summer, driven by the more resilient leisure traveler, the significant capacity reductions within our industry should result in continued strong pricing during the peak summer season."
