Avis Budget Group Reports First Quarter 2013 Results

Revenue increased 4% to $1.7 billion. Pricing in North America increased 4% year-over-year. Adjusted EBITDA declined 22% to $93 million, excluding certain items. Company reported net income, excluding certain items, of $9 million in the seasonally slower first quarter, and a GAAP net loss of $46 million. Company completed acquisition of Zipcar, the world’s leading … Continue reading Avis Budget Group Reports First Quarter 2013 Results