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Avis Budget Group Inc. has reported revenue of $1.9 billion for its first quarter 2015, a 1% decline compared first quarter 2014. This is primarily due to a 5% increase in rental days in the Americas, offset by an approximately $85 million negative impact from movements in currency exchange rates.
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Avis Budget Group Inc. has acquired 100% ownership of its licensee in Brazil by purchasing equity and debt interests in the business for approximately $40 million.
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The Boeing Co. has recognized Avis Budget Inc. as a “supplier of the year.” Avis has been Boeing’s exclusive car rental partner since 2013.
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Budget Truck Rental’s redesigned website, BudgetTruck.com, features a user-friendly interface and four-step reservation process.
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Avis Budget Group Inc. plans to report its first quarter 2015 results after the market close on Monday May 4.
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Avis has officially acquired Maggiore Group, one of Italy’s largest vehicle rental companies, for $160 million.
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Now called Unlimited Rewards, Avis Budget’s loyalty program reflects the goal to provide infinite rewards for travel professionals.
Read More →For the 15th consecutive year, Avis Budget Group has appeared on the Women’s Business Enterprise National Council’s (WBENC) list of America’s Top Corporations for Women’s Business Enterprises.
Read More →For the first time in its history, Avis Budget Group Inc. has reached 100 million rental days in North America over the last 12 months. The milestone consists of rentals generated over the past 365 days across the Avis, Budget and Payless brands, including Budget Truck Rental.
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In honor of Avis’ partnership with the Canadian loyalty program Aeroplan, the companies have launched a contest, which will reward the winner with a Lincoln MKC for a year and 10 runners-up with 30,000 Aeroplan Miles.
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