Dollar Thrifty Automotive Group (DTG) Reports Record Fourth Quarter Profit

Dollar Thrifty Automotive Group (NYSE: DTG) said that lower expenses helped it to post a surprise profit of $11.5 million or 42 cents per share as compared with analysts forecast of a loss of 8 cents per share.

Continued improvement in the overall economy, combined with ongoing recovery in the credit markets, is expected to result in low single-digit growth in transaction days in 2010.

The Company expects vehicle rental revenues to grow in the range of 2%-4%. The vehicle depreciation costs for the full year of 2010 are expected to be approximately $325 per vehicle per month.