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The company now expects corporate aAdjusted EBITDA, excluding merger-related expenses, to be within $235 million to $260 million for the full year of 2011, an increase of $60 million, or approximately 30 percent, from the company's previously announced guidance range.
Read More →Dollar Thrifty Automotive Group increased net income from $45 million in 2009. The company noted that rental revenue was flat on a year-over-year basis and also discussed the status of a potential merger with Avis Budget Group.
Read More →While Avis Budget and Dollar Thrifty wait for an FTC ruling, the three public companies report solid financials.
Read More →Total revenue flat due to planned reduction in leasing to franchises. Same-store revenue up 2.9 percent. Revenue gains for vehicle rentals partially offset by drop in rental days, though volume improving. Utilization up. Strong used-car market keeps vehicle depreciation costs in check.
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Hertz, Avis Budget and Dollar Thrifty improved earnings year over year. Expect continued—if modest—improvements in 2010.
Read More →Annual revenue for 2009 fell 17 percent to $7.1 billion from $8.5 billion the prior year, though Hertz narrowed its net loss to $126 million from $1.21 billion in 2008.
Read More →The company expects challenging macroeconomic climate in first half of 2010, will continue to experience lower volumes.
Read More →The company expects challenging macroeconomic climate in first half of 2010, will continue to experience lower volumes.
Read More →Dollar Thrifty Automotive Group realized a $69.6 million year-over-year improvement in Corporate Adjusted EBITDA for the fourth quarter of 2009 after four consecutive quarters of year-over-year improvement in financial performance.
Read More →About two weeks after one investment columnist wrote that Dollar Thrifty would see disappointing returns, shares of the company were on the rise.
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