Dollar Thrifty have announced their third quarter figures for the month ending September 30^th 2009. The company’s net income showed improvement on the third quarter of 2008 with net income up from $18.9 million to $30.1 million.

Scott L. Thompson, Dollar Thrifty’s president and chief executive officer said that the results represented the third consecutive year-on-year improvement and that this was particularly encouraging considering the difficulties being faced in the present economic climate. He went on to say that the results proved that the hard decisions that had to be made over the last year in terms of increasing profits and keeping a firm grip on cash flow were paying off. He went on to say that he saw no reason for the levels of improvement not to continue for the foreseeable future.

Dollar Thrifty did see a drop in total revenue from $500.6 million for the third quarter of 2008 to $438.9 million during the same period in 2009. This was not unexpected says Thompson. The decline in revenue was mostly due to a drop of 21.3 percent in rental days. The drop was however offset to some degree by an improvement of 11.5 percent in revenue per day. Thompson went on to say that expectations were that October would be the first month since May 2008 which would see a year-on-year growth in revenue as a decline in volume was fully offset by the increases in revenue per day.

Going forward Dollar Thrifty expects an improvement in its operating environment as economic conditions improve along with available credit throughout 2010.