Avis Continues to Lead its Category for Customer Loyalty
PARSIPPANY, N.J., March 20, 2018 (GLOBE NEWSWIRE) — For the 19th consecutive year, Avis Car Rental has been ranked the #1 car rental company in the Brand Keys Customer Loyalty Engagement Index®. The 2018 study examined brands in 84 categories. Avis received the highest marks in the car rental category by ranking first across all […]
Avis Budget Group Moves Closer to a Fully Connected Fleet with New Toyota Partnership
10,000 Connected Toyota Vehicles Bound for Locations Across the United StatesDeal Leverages Toyota’s Proprietary Mobility Services Platform (MSPF) to Enhance Customer Rental Experience and Increase Fleet EfficiencyPARSIPPANY, N.J., March 12, 2018 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ:CAR) today announced a multi-year deal that will add 10,000 Toyota vehicles to Avis Car Rental’s expanding […]
Avis Budget Group Reports Fourth Quarter and Full-Year 2017 Results
PARSIPPANY, N.J., Feb. 21, 2018 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ:CAR) today reported results for its fourth quarter and year ended December 31, 2017. Revenue increased 7% in the fourth quarter to $2.0 billion and was $8.8 billion for the full yearNet income of $220 million, including a one-time benefit of $213 million […]
Avis Budget Group Announces Amendment and Extension of Its Senior Credit Agreement
PARSIPPANY, N.J., Feb. 14, 2018 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ:CAR) announced today that it has extended the term of its $1.8 billion senior revolving credit facility for an additional two years to 2023. Also, the Company extended the maturity of its $1.1 billion term loan for an additional three years to 2025, […]
Avis Budget Group Announces Estimated Full-Year 2017 Results
PARSIPPANY, N.J., Jan. 16, 2018 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ:CAR) announced today that, based on preliminary data, it estimates that for the full-year ended December 31, 2017, revenues increased to approximately $8.85 billion, and it expects pretax income to be between $205 million and $215 million and Adjusted pretax income to be […]
Car Sharing Goes Up a Gear in London With Expansion of Zipcar Flex
LONDON, Jan. 02, 2018 (GLOBE NEWSWIRE) — Zipcar, the world’s leading car sharing network, announced that Zipcar Flex, the Company’s ‘floating’ car sharing service is now available to nearly 3.5m Londoners*. Zipcar Flex allows members to spontaneously jump into a car and drive one-way across London, with the ability to drop the car off in […]