Avis Budget Group Reports Positive Earnings and Removes an Additional $1 Billion of Expenses in Third Quarter
PARSIPPANY, N.J., Oct. 29, 2020 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) today announced third quarter 2020 financial results, with Net income of $45 million and Adjusted net income of $79 million. Despite revenue being down 44% compared to the same period in the prior year, we achieved positive Adjusted EBITDA of $220 […]