Car rental firm Dollar Thrifty has raised its earning expectations in an update on preliminary estimates for second quarter results.
The now expects second quarter corporate adjusted EBITDA to be within a range of $70 million to $75 million, up significantly from $20.9 million in the comparable quarter of 2009.
This is despite $5 million of expenses incurred due to the proposed merger with Hertz.
For the year as a whole the company now expects corporate adjusted EBITDA (excluding expenses related to the Hertz transaction) to be within a range of $200 million to $220 million for the full year of 2010.
This is in contrast to the previously estimated figure of $170 - $190 million.
In 2009 the company made a profit of $99.4 million.
