Dollar Thrifty profit falls as travel is depressed

Newswire

NEW YORK, April 24 (Reuters) - Dollar Thrifty Automotive Group , one of the largest U.S. car rental companies, on Thursday said first-quarter net profit fell 95 percent from a year earlier, hurt by depressed travel and rising competition. The Tulsa, Oklahoma-based company, whose brands include Dollar Rent A Car and Thrifty Car Rental, said net income totaled $600,000, or 2 cents per diluted share, down from $12.1 million, or 49 cents per diluted share, a year earlier. Revenue rose 3 ...

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