Dollar Thrifty Reports Record First Quarter

Dollar Thrifty Automotive Group, Inc. today reported results for the first quarter ended March 31. Total revenue was a first quarter record of $398.0 million, up 10.4 percent from the comparable 2006 quarter. The net income for the 2007 quarter was $5.2 million, or $0.21 per diluted share, compared to $21.8 million, or $0.84 per diluted share for the comparable 2006 quarter.

For the 2007 first quarter, vehicle rental revenues were $370.6 million, a 12.1 percent increase over the 2006 first quarter as a result of an 11.0 percent increase in revenue per day and a 0.9 percent increase in rental days.

So far in 2007, the company has added 3,500 cars to the corporate rental fleet through its franchise acquisition program by acquiring eight Thrifty franchises and one Dollar franchise.

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