By Sarah Turner
LONDON (MarketWatch) -- Dollar Thrifty Automotive Group Inc. (DTG 41.06, -0.64, -1.53%) said that it expects second quarter adjusted earnings before interest, tax, depreciation and amortization in a range of $70 million to $75 million, up from $20.9 million recorded in the year-ago period. The company recorded approximately $5 million of expenses related to its proposed Hertz transaction during the quarter. Excluding these transaction costs, adjusted EBITDA for the second quarter is projected to be within a range of $75 million to $80 million. Fiscal-year adjusted EBITDA is expected in a range of $200 million to $220 million, up from previous guidance of between $170 million and $190 million.
