Dollar Thrifty slashes 2007 outlook

Feb 1 (Reuters) - Car rental company Dollar Thrifty Automotive Group Inc (DTG.N: Quote, Profile, Research) slashed its 2007 profit outlook by nearly half citing weaker consumer demand during the holiday season and excess industry capacity among other reasons.

The car rental company said it now expects full-year profit, excluding items, of 90 cents to 95 cents a share, down from its previous forecast of $1.75 to $1.85 a share. (Reporting by Swagata Gupta in Bangalore; Editing by Anupama Dwivedi) ((swagata.gupta@reuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: swagata.gupta.reuters.com@reuters.net))