Wednesday, April 7, 2010 as of 11:14 AM ET
Dollar Thrifty Automotive Group is a holding company for Thrifty Car Rental and Dollar Rent A Car, formed in 1990 by Chrysler and spun off in 1997.
Read More at Wikipedia ›Dollar Thrifty (NYSE:DTG) more than doubled its first-quarter profit and topped Wall Street expectations on Wednesday, as a decline in fleet costs and recovery in the U.
S. leisure travel market helped offset weaker revenue per vehicle.Revenue for the three months ended March 31 was $356.27 million, up from $348.35 million a year ago, matching the Street's view. The gains were led by a 6.5% increase in rental days, partially offset by a 4.2% decline in revenue per day.Sales per car fell to $1,115 compared with $1,131 a year ago, but were partially offset by a decline to $136 from $251 in fleet costs per vehicle.The Tulsa, Okla.-based car renter, which was the object of a lengthy takeover battle between rivals Hertz Global (NYSE:HTZ) and Avis Budget (NYSE:CAR) that ended in October, reported net income of $40.4 million, or $1.35 a share, compared with a year-earlier $16.5 million, or 53 cents. Analysts in a Thomson Reuters poll were looking for a per-share profit of just $1.30."A strong ...Hertz Global Holdings Inc was left the sole suitor for smaller rival Dollar Thrifty, after Avis Budget Group dropped out of the race, in a 17-month long bidding war....
Avis Budget Group (NYSE:CAR) said on Wednesday that it is pulling its offer to acquire rival Dollar Thrifty (NYSE:DTG), leaving the door open for Hertz Global (NYSE:...
Dollar Thrifty Automotive (NYSE:DTG) has requested a “best and final definitive” offer from Hertz (NYSE:HTZ) and Avis Budget (NASDAQ:CAR) in their ongoing takeover w...
By Martinne GellerNEW YORK (Reuters) - Dollar Thrifty Automotive Group Inc <DTG.N>, the object of a takeover battle between rivals Hertz Global Holdings Inc <HTZ.N> ...
Shares of Dollar Thrifty (NYSE:DTG) tumbled more than 7% Monday morning after the car renter revealed a virtually flat second-quarter profit that disappointed Wall S...
LONDON -- Car rental company Dollar Thrifty Automotive Group Inc. said Monday that its second-quarter net profit rose 0.6% to $42.5 million from $42.3 million as rev...
Dear Credit Card Adviser,I'm 25 and have never had a credit card. I'm about to travel and figure I need a Visa in order to rent a car. I have plenty in the bank for ...
Hertz (NYSE:HTZ) has extended its tender offer for shares of Dollar Thrifty Automotive (NYSE:DTG) by about a month in its ongoing effort to thwart rival Avis Budget ...
Avis Budget (NYSE:CAR) is buying its European counterpart for 635 million pounds ($1 billion) is an effort to reunite the Avis and Budget brands under one corporate ...
FBN's Ashley Webster on retail sales and inflation reports, and a market update.
Dollar Thrifty Automotive (NYSE:DTG) has recommended that its shareholders reject an offer by Hertz Global (NYSE:HTZ) to acquire all of the company’s outstanding sha...
Hertz Global Holdings Inc. (NYSE:HTZ) said Monday that it would begin its direct exchange offer this week for its smaller competitor Dollar Thrifty Automotive Group,...
Dollar Thrifty Automotive Group Inc., the Tulsa, Okla., car-rental company, reported that first-quarter net income more than doubled on 2.3% higher revenue. Earnings...
When young Milo drove through "The Phantom Tollbooth" in the children's classic, he entered a magical parallel universe filled with beautiful princesses, a lovable w...
Hertz CEO Mark Frissora on the company's interest in Dollar Thrifty , growth and who it targets for jobs.
Dollar Thrifty Automotive (NYSE:DTG) reported on Tuesday a stronger-than-expected third-quarter profit on higher car rental revenue, and the company said it expects ...
Dollar Thrifty Automotive Group <DTG.N> posted a rise in third-quarter profit, partly driven by higher vehicle rental revenue.The company posted a quarterly net inco...
FBN’s Robert Gray on Hertz’s decision to end its bid for Dollar Thrifty for now.
Dollar Thrifty (NYSE:DTG) abandoned its long-standing plans to sell itself on Tuesday after the car rental service failed to come to terms with rivals Avis (NYSE:CAR...
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