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Avis Continues Furloughs in Ohio Due to Coronavirus
North Steps Down as Avis CFO
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

Moody's: Substantial Travel Recovery Before 2023 Unlikely
Avis Forms Safety Coalition with Lysol, Medical Professionals

Avis Forms Safety Coalition with Lysol, Medical Professionals

Along with ABG, the coalition includes RB, which is the maker of Lysol, and a team of medical professionals from leading institutions, including Columbia University, with expertise in public health, COVID-19, and other infectious diseases.

July 13, 2020

Avis CEO Ferraro Talks Pandemic Pivot on CNBC

Avis CEO Ferraro Talks Pandemic Pivot on CNBC

In an interview with CNBC, Avis Budget Group’s CEO Joe Ferraro was asked about how the company transitioned into the coronavirus environment and how the Hertz bankruptcy might affect Avis.

July 10, 2020

Avis Budget Group Appoints Joe Ferraro CEO

Avis Budget Group Appoints Joe Ferraro CEO

After a stint as interim CEO, Ferraro spent five years as president of the Americas division, responsible for the company’s Avis, Budget, Payless, and Zipcar brands in North and South America, including Latin America and the Caribbean.

June 15, 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

NZ Avis, Budget Offer $10 Rentals to Essential Workers
Avis Makes Q1 Predictions, Announces COVID-19 Updates
Avis Appoints Interim Execs as CEO Search Continues

Avis Appoints Interim Execs as CEO Search Continues

Avis Budget Group’s CEO search committee, led by director Lynn Krominga, chair of the corporate governance committee of the board of directors, is conducting a thorough search process to identify a permanent CEO.

December 30, 2019

Avis Surpasses 200K Connected Vehicle Mark

Avis Surpasses 200K Connected Vehicle Mark

A fully connected fleet increases operational efficiency for Avis Budget Group by providing greater visibility into fleet usage and access to information in real-time.

December 16, 2019

Avis Honored at World Travel Awards

Avis Honored at World Travel Awards

The awards are voted for by travel and tourism professionals and consumers worldwide, and this honor recognizes the brands’ commitment to excellence, with an ultimate industry accolade.

December 10, 2019

Avis Offers Verizon, Edison Tablets to Travelers

Avis Offers Verizon, Edison Tablets to Travelers

The Avis, Budget, and Payless Travel Assistants offers business and leisure customers an enhanced digital experience with features like a mobile hotspot, unlimited talk and text, and access to top apps for streaming media and gaming.

December 10, 2019