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The company reported a fourth quarter U.S. net income of $3.9 million, compared to a loss of $1.1 million in the prior year period, and a full year 2011 U.S. net loss of $7.2 million versus a loss of $14.1 million in 2010.
Read More →For the fiscal year ended Sept. 30, 2011, Franchise Services of North America Inc. announced that its net loss was cut by more than half compared to fiscal year ended Sept. 30 2010.
Read More →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.
Read More →The European car rental company’s results come during a period of worsening economic conditions in Europe.
Read More →The increase in margin was primarily due to a 19 percent decline in per-unit fleet costs, including gains on vehicle dispositions, lower vehicle interest costs and incremental savings from the productivity initiatives.
Read More →The company noted that its GAAP and non-GAAP earnings as well as its corporate adjusted EBITDA for the third quarter of 2010 were negatively impacted by $11.9 million of merger-related expenses, while the third quarter of 2011 was not impacted by such expenses.
Read More →The CEO says the results were driven by a growth in insurance replacements, Advantage Rent-a-Car and worldwide equipment rentals.
Read More →Owner of Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car brands posted a record $14.1 billion in worldwide revenues, and grew its rental fleet to more than 1 million for the first time.
Read More →Franchise Services North America, parent company of U-Save Car and Truck Rental, reported revenue and net loss of $3.9 million and $22,775 for its third quarter period that ended June 30, 2011, as compared to revenue of $4 million and a net loss of $191,839 for the same period in 2010.
Read More →While car rental spend dropped, other categories such as airfare, hotel and dining, increased worldwide compared to 2010.
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