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Sixt U.S. Fleet to Reach 2019 Levels in Summer

Sixt U.S. Fleet to Reach 2019 Levels in Summer

The company also plans a significant expansion of locations in Europe and the U.S., including smartphone-enabled virtual locations and its van and truck segment to meet e-commerce demand.

June 16, 2021

U.S. Buoys Sixt’s Q1 Performance

U.S. Buoys Sixt’s Q1 Performance

Sixt SE managed -$16.6 million in earnings before taxes in the first quarter of 2021, with business improving sequentially. U.S. is a bright spot while Europe continues to be affected by the lockdown.

May 14, 2021

Hertz Posts Positive EBITDA in Q1

Hertz Posts Positive EBITDA in Q1

Hertz Global Holding’s adjusted EBITDA in the U.S. of $24 million in the first quarter of 2021 is truly a remarkable achievement.

May 9, 2021

Avis Earns $47m in Q1

Avis Earns $47m in Q1

Avis Budget Group posts its best first-quarter adjusted EBITDA since 2015, driven by double-digit growth in revenue per day in the Americas.

May 3, 2021

Europcar Gives Cautious Outlook on H1 Recovery
Hertz Posts Net Loss of $1.7B in 2020
Avis Budget Group Reports Positive EBITDA for Q4
Avis Reports $45m Net Income in Q3

Avis Reports $45m Net Income in Q3

Avis Budget Group announced third quarter net income of $45 million as a result of removing about $1 billion of costs for the quarter and taking advantage of the strong used vehicle market.

October 29, 2020

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
Avis Reports $2.3B in Q2 Revenue
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