TULSA, Oklahoma, July 24 (Reuters) - Rental-car company Dollar Thrifty Automotive Group Inc. said on Wednesday it earnings rose 41 percent in the second quarter on tighter cost controls during the peak summer travel season.
Dollar Thrifty reported income of $17.5 million, or 70 cents per share, compared with $12.4 million, or 50 cents per share, in the same period a year ago. Revenues rose 4.2 percent to $302.5 million.
The company told investors in June it was raising its profit outlook, based on savings from pruning its vehicle fleet and better pricing in the rental-car industry. It also cut commissions to some travel agencies.
Dollar Thrifty and other rental-car agencies have seen business rebound from the fall-off caused by cutbacks in air travel following the Sept. 11 attacks.
On Monday, Dollar Thrifty announced it was offering flat-rate car rentals through Wal-Mart Stores Inc.'s Internet site.