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NewsJuly 16, 2012

Avis Budget Group’s Performance Excellence Initiative Celebrates 5 Years

Avis Budget Group’s program has helped generate more than $275 million in annual cost savings and other benefits since the program was launched in 2007, the company reports.

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NewsMay 7, 2012

Avis Budget Reports Record Q1 Results

Avis Budget Group’s revenue increases 31% on higher rental volume and stronger-than-expected residual values, with an overall net loss on Avis Europe acquisition costs.

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NewsMay 1, 2012

Avis Budget Group Expects Revenue Spike on Lower Fleet Costs

Reporting preliminary results, Avis Budget Group expects a 30% increase in revenue in the first quarter compared to the first quarter 2011, and full-year 2012 revenue to be $7.3 billion to $7.6 billion, a 24% to 29% increase compared to 2011.

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NewsFebruary 24, 2012

Avis Launches Marketing Affiliation with German Auto Club

Through this agreement, ADAC will promote Avis products, services and special offers to nearly 18 million club members in Germany, while Avis will provide ADAC members with offers on a wide range of late-model cars, trucks and vans from a variety of manufacturers.

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NewsFebruary 17, 2012

Avis Budget’s Income Drops on Acquisition Costs, Weak Pricing

Company reports net losses for fourth quarter and full-year 2011 on costs related to its purchase of Avis Europe, as well as a decline in pricing in North America.

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NewsJanuary 27, 2012

Avis Becomes UK's ‘Fastest Growing’ Car Rental Company

Avis’ growing U.K. network now includes 29 airport locations, and 306 town and city locations.

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NewsJanuary 27, 2012

Avis UK Partners with Etihad Airways Loyalty Program

Members of Etihad Guest can earn triple air miles on all Avis locations worldwide until March 14.

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NewsJanuary 23, 2012

Avis Budget Group Generated $65 Million in Savings from ‘Performance Excellence’ Initiative

In 2011, compared to prior-year results, the program saw significant cost reductions and revenue enhancements through enhancing operational efficiency, driving incremental revenue, reducing fleet depreciation and fleet maintenance costs, and improving the Avis and Budget customer experience.

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NewsNovember 15, 2011

HR Magazine Interviews Avis UK Human Resources Director

Hannah Thomson, HR director for the Avis UK office, spoke on the Avis Europe acquisition and market growth in her region.

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NewsNovember 7, 2011

Avis Budget Group Announces Completion of Multi-Country European Fleet Facility

Transaction provides incremental liquidity for funding its European fleet.

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