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AccessMyLibrary    Browse    T    The Miami Herald (Miami, Florida) (via Knight-Ridder/Tribune Business News)    SEP-01    Fort Lauderdale, Fla.-Based Rental-Car Giant Foresees More Devastating Losses.

Fort Lauderdale, Fla.-Based Rental-Car Giant Foresees More Devastating Losses.

Publication: The Miami Herald (Miami, Florida) (via Knight-Ridder/Tribune Business News)

Publication Date: 25-SEP-01
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COPYRIGHT 2001 The Miami Herald

Byline: Patrick Danner

Sep. 25--Already pummeled by a weak economy, Fort Lauderdale rental-car giant ANC Rental Corp. warned Monday its operations will take another big hit from this month's terrorist attacks.

The parent of Alamo Rent A Car and National Car Rental expects its business will plunge 30 percent through January, Michael S. Egan, ANC's chairman and chief executive, told financial news network CNBC. And he forecast a 20 percent fall-off from February through early next summer.

Like the airlines, ANC may seek aid from the federal government as...

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