Auto Rental News
MenuMENU
SearchSEARCH

Strong Pricing Lifts Avis Budget’s Earnings

Avis Budget Group Inc. has reported second quarter 2014 revenue of $2.2 billion, a 10% increase compared to second quarter 2013. This is primarily due to an 8% increase in rental days and stronger pricing, which increased 5% year-over-year in North America.

by Staff
August 4, 2014
Strong Pricing Lifts Avis Budget’s Earnings

Photo via Atomic Taco/Flickr.

2 min to read


Photo via Atomic Taco/Flickr.

Avis Budget Group Inc. has reported second quarter 2014 revenue of $2.2 billion, a 10% increase compared to second quarter 2013. This is primarily due to an 8% increase in rental days and stronger pricing, which increased 5% year-over-year in North America, says the company.

Excluding certain items, adjusted earnings increased 19% to $213 million while net income increased 36% to $74 million.

Ad Loading...

Acquired in July 2013, Payless Car Rental contributed $31 million to revenue and $5 million to adjusted earnings during the second quarter 2014, says Avis.

"Our strong second quarter results were driven by our continued growth in both volume and pricing in North America and our relentless focus on accelerating growth in our most profitable channels," said Ronald L. Nelson, Avis Budget Group chairman and chief executive officer. "Summer volume and pricing have continued the trends we saw in the first half of the year, and we expect to post record results in our third quarter."

For the full-year 2014, Avis expects to generate worldwide revenue of $8.6 billion to $8.7 billion, an 8% to 10% increase compared to 2013, says the company. In addition, Avis continues to target $1 billion or more for its adjusted earnings in 2015.

Avis expects per-unit fleet costs in North America to be $300 to $310 per month in 2014, compared to $299 per month in 2013. Total company fleet costs are expected to be $295 to $305 per unit per month in 2014, an increase of approximately 2% to 5% compared to 2013.

More Rental Operations

an exotic car wrapped in an insurance policy
Rental Operations•October 1, 2026

The $100,000 Insurance Trap in Exotic Car Rentals

Exotic rental agencies often rely on customers’ personal auto policies to protect six-figure vehicles. But policy language can dramatically change the coverage for vehicles over $100,000 MSRP.

Read More →
globe of world and drivers license from UK
Rental Operations•September 28, 2026

The Booking Is Confirmed, But Is Your Customer Ready to Drive?

For international renters, a confirmed reservation doesn’t always mean they’re eligible to drive. Earlier checks can help operators catch documentation and payment issues before the customer reaches the counter.

Read More →
Scenes from Car Rental Shows past
Rental Operations•by Staff•September 23, 2026

ICRS 2027 Opens Call for Papers

The International Car Rental Show seeks session proposals on the business, operational, and technology issues facing car rental operators. Submissions are due Jan. 15.

Read More →
Ad Loading...
hand holding phone and Turo logo
Rental Operations•by Staff•September 21, 2026

Turo to Launch Vehicle Delivery Service

Turo Delivered will let travelers search for vehicles that hosts can deliver directly to hotels, homes, airports, train stations, and other locations.

Read More →
plane, palm trees, car rental sign
Rental Operations•by Chris Brown•September 15, 2026

Palm Beach Airport Code Change Creates Car Rental Distribution Gap

A test of rental searches under the old PBI and new DJT airport codes returned largely different sets of brands and vehicles, highlighting a potential distribution problem for rental operators.

Read More →
Team members of U-Save's new franchise
Rental Operations•by Staff•September 15, 2026

U-Save Continues Dominican Republic Expansion with Launch in Punta Cana

The new franchise location builds on U-Save’s existing Santo Domingo operation and will begin taking reservations for October 2026.

Read More →
Ad Loading...
A traveler searches for rental cars with an AI bot
Rental Operations•September 14, 2026

When AI Books the Rental Car, Who Controls the Sale?

As AI moves from comparing rental rates to completing transactions, operators need to understand how travelers find, interpret, rank, and ultimately see their offers. (Part 2 of 2.)

Read More →
map of europe and summer car rental rates
Rental Operations•September 11, 2026

European Booked Car Rental Rates Fell 5%, Results Varied by Country

Ireland, Cyprus, and the United Kingdom saw steep declines, while booked rates rose in Poland and Hungary.

Read More →
thumbnail of Chris Brown and Mike DeLorenzo with title Time to Rethink Rental Categories?
Rental Operations•by Chris Brown•September 8, 2026

Is It Time to Rethink Rental Categories?

As traditional economy and compact cars disappear from the market, longtime rental operator Mike DeLorenzo asks whether the industry’s familiar vehicle categories still make sense — and what operators need to rethink along with them.

Read More →
Ad Loading...
Woman receiving car rental rates on computer from AI agent
Rental Operations•September 1, 2026

Who Owns the Rate? AI Is Creating a New Distribution Problem for Car Rental

Generative Engine Optimization asks whether AI can find a rental company, but operators also need to know whether the agent inspected enough of the market, compared equivalent offers, and presented a rate the traveler can actually book. (Part 1 of 2)

Read More →
Ad Loading...