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Avis Budget Group Inc. plans to combine its three operating regions into two, the Americas and International. This realignment will take effect on Jan. 1, 2015, in connection with several management changes.
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Avis Budget Group has completed its announced acquisition of its Budget Car Rental licensee for southern California and Las Vegas. Locations include Los Angeles International Airport and Burbank Bob Hope Airport.
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Beginning in November in North America, all customer-facing associates of Avis and Budget will sport new uniforms as part of a global initiative to present a more consistent rental experience to Avis and Budget customers worldwide.
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Avis Budget Group Inc. has reported revenue of $2.5 billion for its third quarter 2014, a 6% increase compared to third quarter 2013.
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Avis Budget Group Inc. has agreed to acquire its Budget Car Rental licensee for Southern California and Las Vegas for approximately $210 million, plus the cost of acquired fleet.
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Avis Budget Group Inc. plans to report its third quarter 2014 results after the market close on Wednesday Oct. 29.
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Avis Budget Group’s board of directors has authorized an additional $200 million of future share repurchases. This gives the company $375 million of available repurchase authorization.
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Unlimited Budget, Avis Budget Group's loyalty program for business travelers, has been named a 2014 Gold Magellan Award Winner by Travel Weekly.
Read More →Avis Budget Group goes in-depth on how pricing is driving strong earnings, while this year's record number of recalls is taking a toll.
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By partnering with Avis Budget Group, SirLankan Airlines frequent fliers can earn and redeem miles at Avis.
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