Avis Budget Reports Q3 Revenue and Earnings Gains
Revenue totaled $1.5 billion, an increase of 3 percent year-over-year, while net income gained 58 percent.
Revenue totaled $1.5 billion, an increase of 3 percent year-over-year, while net income gained 58 percent.
Faulkner brings more than 35 years of experience in car rental, as a corporate area manager, franchisee, independent RAC owner and legislative advocate.
The 12-month pilot program will allow drivers to rent any current BMW model by the hour, from the automaker’s compact 1 series (€16, or $22.29, an hour) to its flagship 7 series sedan (€32 an hour).
Through March 31, 2011, Budget Fastbreak members who rent from Budget twice will receive $25 in Budget Bucks that can be used just like cash toward a future rental.
The car rental company’s dual agreements will provide Frontier’s EarlyReturns members and JetBlue’s TrueBlue members with savings on Avis rentals.
Consumer groups are asking the Federal Trade Commission to require rental car companies to abide by the same rule as auto dealers.
The acquisition brings Connect by Hertz, the car rental company’s global car sharing club, into its sixth country.
The car rental company urges for-profit car-sharing operators to join the broad-based coalition against discriminatory car rental excise taxes.
Dollar Thrifty Automotive Group Inc.'s net income grew to $49.16 million in the third quarter compared with $30.09 million in the prior-year period, constituting the best quarterly financial performance in company history, company executives said.
Hertz Global Holdings Inc. reported third quarter 2010 worldwide revenues of $2.2 billion, an increase of 7.1 percent year-over-year. Transaction days for the car-rental segment grew 8.2 percent, while the rental rate per transaction day rose 1.1 percent.
A test drive pits the Nissan Leaf against the Chevrolet Volt.
"Hertz gathers an amazing amount of customer insight daily, including thousands of comments from Web surveys, emails and text messages. We wanted to leverage this insight at both the strategic level and the local level to drive operational improvements," said Joe Eckroth, chief information officer, the Hertz Corporation.
Customers who complete two qualifying rentals of at least two days from Oct. 28, 2010 through Jan. 31, 2011 will receive a rental certificate for one free day of time-and-mileage charges on an Avis rental.
Alberta's new regulation will limit the liability of non-negligent owners of vehicles operating under both long-term lease and short-term rental agreements.
The two companies have been partners since 2005 and will extend their partnership through 2013.
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