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, […]
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 […]
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. […]
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 […]
London, November 1, 2019: Julia Kemp, Director of Sales & Partnerships – International, at Avis Budget Group has been honoured as the 2019 recipient of the prestigious Institute of Travel & Tourism (ITT) Odyssey Award. The award was presented to Julia by Chris Mottershead, President of the membership organisation for professionals employed in the travel […]
Avis Budget Group, Inc. (NASDAQ: CAR) today reported results for its third quarter ended September 30, 2019. Third Quarter 2019 over Third Quarter 2018 Highlights: Revenues of $2.8 billion were comparable to prior year, up 1% excluding currency exchange rate movements Net income was $189 million or $2.50 per diluted share and Adjusted net income was […]