Dollar Thrifty Earnings to Exceed Early Estimates
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 hav...
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."
The company did not provide a range of estimated earnings. A conference call to discuss Dollar Thrifty Automotive Group's second-quarter results, including an updated outlook for the year, will be held on July 24 at 10 a.m. CDT. The company will release earnings prior to market-open on that day.
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