Dollar Thrifty Provides First Quarter Update

Dollar Thrifty Automotive Group Inc. reports that it expects total vehicle rental revenues for the first quarter of 2009 to increase 2 percent to 3 percent compared to the fourth quarter of 2008.
Rental revenues, based on preliminary results, for the first quarter were favorably impacted by an about 10 percent increase in rate per day, more than offsetting an approximate 7 percent decline in transaction days.
Additionally, rental revenues for the first quarter of 2009 are projected to be down about 8 percent to 9 percent compared to the first quarter of 2008, as an approximate 4 percent improvement in pricing on a year-over-year basis did not fully offset an approximate 12 percent decline in transaction days. The company noted that the Easter holiday fell in the second quarter this year versus the first quarter in 2008, and February 2009 had one less day than February 2008.



Was this article helpful?

Related Articles

Leave A Comment?