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 […]