Tulsa's Dollar Thrifty Automotive Group has provided a sweet ride to shareholders of the rental car company who bought stock during recent tough times.
BY DON MECOY •
Published: November 14, 2010
/articleid/3512447/1/pictures/1237731"> Dollar Thrifty counters are shown at Will Rogers World Airport. Photo by Jim Beckel, The Oklahoman
That cheered many in Dollar Thrifty's hometown of Tulsa who feared a Hertz buyout could mean a loss of some or all of the company's 700 local jobs.
Avis, which has offered $1.52 billion, remains a strong candidate to buy Dollar Thrifty. Avis operates Tulsa offices that employ 675 people.
Thompson, even as he noted that the buyout bidding battle has been disruptive, boasted of the company's strong earnings.
"The company once again has produced another record quarter and is on pace to make 2010 the most profitable year in the history of the company,” he said.
"Clearly, we are pleased to report these financial results while still in a relatively flat economic environment,” Thompson said. "The employees of Dollar Thrifty have done a wonderful job focusing on our mission and avoiding distractions.”