Global
Dollar Thrifty Automotive Group Inc. reported second-quarter net income of $15.3 million
, down from $26.7 million a year earlier. The company cited charges related to "the outsourcing of information technology services and call center operations" as factors behind the decline. To help cut costs, the company eliminated 25 percent of management positions at headquarters in Tulsa, Okla. However, DTAG reported record quarterly revenue of $451.6 million, driven by higher rental rates and volumes, and "efforts to more aggressively target" corporate business. "Rental pricing is up sharply in the peak summer travel months of July and August over the prior year although we expect price increases to moderate during off-peak periods," said president ad CEO Gary Paxton.