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Significant Points
Dol­lar Thrifty is high­ly air­port trav­el depen­dent & vul­ner­a­ble to trav­el reces­sion
Bud­get Group worked hard at sta­bi­liz­ing oper­a­tions, espe­cial­ly prob­lem­at­ic truck rental divi­sion
Bud­get start­ing to see some results
Truck rental tends to be reces­sion-proof, as work­ers move state-to-state to find jobs
Com­pa­ny says trav­el down­turn & 9/11 attacks behind drop, also increase in esti­mat­ed income tax­es
Bud­get Group 3rd Q income jumped from $11.3M last year to $48.2M this year
Says 50% rev­enue is non-air­port relat­ed, which pro­tect­ed com­pa­ny from trav­el down­turn