Dollar Thrifty Automotive Group has increased its 2011 profit forecast. The car rental company now expects its adjusted EBITDA, excluding merger-related expenses, to be within a range of US$235 million to US$260 million for the full-year 2011, an increase of US$60 million, or approximately 30%. The company expects rental revenue for the first quarter to be flat or down 1% year-on-year. Scott L. Thompson, President & CEO, said the revision was made due to “the vigour of the used car market combined with our enhanced pricing strategies”.
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