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Hertz Reports $832M Revenue for Q2 2020
Avis Shows Sequential Improvements in Q2

Avis Shows Sequential Improvements in Q2

While revenue was down 78% in April, Avis Budget Group finished June down 59% from the prior year. Off-airport revenues are “close to pre-pandemic levels.”

July 28, 2020

Europcar to Shift to Domestic Travel

Europcar to Shift to Domestic Travel

Short term, the company will focus on domestic business as travel bans are lifted. Midterm, the company will “rethink its priorities, so as to adapt to a ‘new normal’ given the reinforced digital habits, new safety standards, and new travel patterns.”

May 19, 2020

Avis Budget Group Sheds 70% of Workforce

Avis Budget Group Sheds 70% of Workforce

The company has laid off or furloughed 21,000 employees as a result of the coronavirus pandemic. April revenue is trending down 80% from the prior year. Similar trends are expected in May, but the company “expects a gradual recovery thereafter.”

May 3, 2020

Hertz Grows Revenue, Income in Q3

Hertz Grows Revenue, Income in Q3

In the third quarter, Hertz grew U.S. income on increased transaction days and a decrease in depreciation, while international revenues, earnings decrease.

November 4, 2019

Avis Budget Group’s Income Declines in Q3