PARSIPPANY, N.J., July 28, 2020 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) today announced second quarter 2020 financial results, with a Net loss of $481 million and an Adjusted net loss of $388 million. Total Revenues were down 67% year-over-year. Throughout the quarter, we increased the magnitude of our cost removal actions, and […]
PARSIPPANY, N.J., May 04, 2020 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) today reported results for its first quarter ended March 31, 2020. First Quarter 2020 over First Quarter 2019: Revenues of $1.8 billion, a decrease of 9%, however, Year to Date February Revenues were up 9% Net loss of $158 million, or $2.16 per […]
PARSIPPANY, N.J., Feb. 19, 2020 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) today reported a record fourth quarter and results for the full year ended December 31, 2019, driven by the strong performance in the Americas. We are also providing our outlook for 2020. Fourth Quarter 2019 over Fourth Quarter 2018 Highlights: Revenues increased […]
Ranking recognizes employee satisfaction levels and likelihood to recommend their place of work PARSIPPANY, N.J., January 29, 2020 — Avis Budget Group has been named to the Forbes list of Canada’s Best Employers 2020. Developed in collaboration with analytics firm Statista, the 2020 ranking highlights 300 companies with operations in Canada. Avis Budget Group was […]
Conference Call to Discuss Results Scheduled for February 20th, 2020 PARSIPPANY, N.J., January 23rd, 2020— Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its fourth quarter 2019 results after the market close on Wednesday, February 19th, 2020, and to host a conference call for institutional investors to discuss these results […]
Joe Ferraro Named Interim Chief Executive Officer PARSIPPANY, N.J., December, 30, 2019 — Avis Budget Group, Inc. (NASDAQ: CAR) today announced that its Board of Directors has appointed Joe Ferraro, President, Americas, as Interim Chief Executive Officer, effective January 1, 2020. Mr. Ferraro’s appointment reflects the previously announced departure at year-end of Larry De Shon, […]
Reports of the “death of the car” are exaggerated, new international report shows Bracknell, UK – 26 November 2019: The car’s popularity will stay strong in the upcoming mobility shift, but attitudes towards ownership will change significantly, according to a new report released today. The Road Ahead: The Future of Mobility Report from mobility leader […]
Avis mobile app ranked highest in customer satisfaction in J.D. Power 2019 U.S. Travel App Satisfaction Study PARSIPPANY, N.J., Nov. 20, 2019 — Avis Car Rental was named the 2019 top rental car travel app by J.D. Power. The Avis mobile app ranked the highest in customer satisfaction, receiving the highest score out of all […]
WINiT names Avis Budget Group’s Vice President of Sales, Beth Kinerk, among Top 40 Women in Travel PARSIPPANY, N.J., November 14, 2019— Avis Budget Group has been honored as the winner of The Creating a Company Culture for Women to Advance and Succeed Award at the inaugural WINiT Awards presented by the Global Business Travel Association (GBTA). […]
Led by Los Angeles Mayor Eric Garcetti, Urban Movement Labs is America’s first public-private partnership charged with bringing new mobility solutions to L.A. communities PARSIPPANY, N.J., Nov. 14, 2019 — Avis Budget Group announces today it is one of the founding partners behind Urban Movement Labs, a first-of-its-kind public-private partnership to accelerate transportation innovation launched […]