Press Releases

Avis Budget Group To Deliver Avis Safety Pledge and Budget Worry-Free Promise Through Agreements with Lysol, Hip Hop Public Health and Renowned Group of Medical Professionals

Posted on July 10, 2020July 10, 2020

Parsippany, New Jersey – (July 9, 2020) – Avis Budget Group (ABG) today announced the launch of an exciting and forward thinking coalition designed to enhance the cleanliness and disinfection of its rental facilities and vehicles. Along with ABG, the coalition includes RB, which is the maker of Lysol, and a team of medical professionals from […]

Business News

Avis Budget Group Reports First Quarter 2020 Results and Pandemic Response Actions

Posted on May 4, 2020May 4, 2020

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 […]

Business News

Avis Budget Group Delivers Record Fourth Quarter Revenue Driven By Overperformance in the Americas

Posted on February 19, 2020February 19, 2020

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 […]

Business News

Avis Budget Group Named One of Canada’s Best Employers

Posted on January 29, 2020February 10, 2020

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 […]

Business News

Avis Budget Group to Announce Fourth Quarter 2019 Results on February 19th

Posted on January 23, 2020January 24, 2020

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 […]

Business News

Avis Budget Group Provides Leadership Update

Posted on December 30, 2019December 30, 2019

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, […]

Press Releases

Avis Budget Group Surpasses 200,000 Connected Vehicle Mark

Posted on December 16, 2019January 30, 2020

Connected fleet offers trifecta of benefits: operational efficiency, customer satisfaction and new revenue models PARSIPPANY, N.J., Dec. 16, 2019 — Avis Budget Group announced today that it has surpassed the 200,000 connected car threshold globally, a significant marker on its journey to fully connecting its fleet of more than 600,000 vehicles. To date, the company […]

Partnerships

Avis Budget Group Partners with Verizon and Edison Interactive to Launch New All-in-One Digital Travel Assistant

Posted on December 10, 2019December 16, 2019

Strategic partnership powers an enhanced digital media experience for car rental travelers using Verizon’s nationwide 4G LTE network PARSIPPANY, N.J., Dec. 10, 2019 — Avis Budget Group, in partnership with Verizon and Edison Interactive, today announced the launch of a new all-in-one digital travel assistant exclusively available to Avis, Budget, and Payless Car Rental customers. […]

Business News

The car continues its rule of the road: but ownership is evolving

Posted on November 27, 2019January 30, 2020

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 […]

Business News

Avis Named #1 Rental Car Travel App by J.D. Power

Posted on November 21, 2019January 30, 2020

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 […]