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Avis to Announce Q2 2020 Results

Avis to Announce Q2 2020 Results

Avis will host a conference call for institutional investors to discuss these results on July 29 at 8:30 a.m. Eastern time.

July 22, 2020

Avis Q1 Revenues Drop 9%

Avis Q1 Revenues Drop 9%

Avis anticipates revenues about 80% lower in April and May compared to the prior year, with a gradual recovery in June and improving thereafter.

May 6, 2020

Avis Receives Loan

Avis Receives Loan

The rental agency will be filing the appropriate forms with the Securities and Exchange Commission.

April 28, 2020

Hertz, Avis Furlough Workers, Cut Pay

Hertz, Avis Furlough Workers, Cut Pay

Hertz and Avis Budget Group have begun cost-cutting measures as travel demand drops dramatically following the coronavirus pandemic.

March 24, 2020

Avis Signs New Agreement with Investment Group

Avis Signs New Agreement with Investment Group

The terms of the new approximately two-year cooperation agreement include the appointment of Jagdeep Pahwa, a current board member and president of SRS, as vice chairman of the board.

February 25, 2020

Avis Posts Record Q4, FY19 Revenues

Avis Posts Record Q4, FY19 Revenues

In the fourth quarter of 2019, Avis Budget Group posted record revenues on improved fleet costs, utilization. Full-year revenues increased to a record $9.2 billion.

February 20, 2020

Avis Appoints New Board of Directors Chair

Avis Appoints New Board of Directors Chair

Over the last 15 years, Bernardo Hees has served as CEO of The Kraft Heinz Company, Burger King Worldwide Holdings, Inc., and America Latina Logistica.

February 10, 2020

Avis Budget Named a Top Canadian Employer

Avis Budget Named a Top Canadian Employer

On Forbes list of Canada’s Best Employers 2020, Avis Budget Group ranked fourth in the Travel and Leisure sector and highest among car rental companies.

February 5, 2020

Brand Keys Ranks Avis No. 1 in Customer Satisfaction
Vehicles Remain Popular, But Ownership Need Weakens, Avis Says

Vehicles Remain Popular, But Ownership Need Weakens, Avis Says

According to a mobility report by Avis Budget Group, 82% of respondents said owning a car was still important, but 54% said they are prepared to give up car ownership and rely on long-term rental, on-demand, or subscription services in the future.

December 3, 2019

J.D. Power Ranks Avis, National Highest in Customer App, Website Satisfaction
Avis Joins LA's Urban Mobility Lab

Avis Joins LA's Urban Mobility Lab

In its first year, UML will work with local communities across L.A. to confront major issues affecting daily life, including the design of city curbs, connecting people to public transit, and providing better transportation options to L.A.’s 50 million annual visitors.

November 15, 2019

Avis Budget Executive Receives Travel Award

Avis Budget Executive Receives Travel Award

Julia Kemp, Avis Budget Group’s international director of sales and partnerships, was honored as the 2019 recipient of the Institute of Travel & Tourism Odyssey Award.

November 12, 2019

Avis Renews AARP Partnership

Avis Renews AARP Partnership

AARP members can save on base rental rates and are eligible for exclusive benefits, including free upgrades (subject to availability) and a free additional driver.

October 29, 2019

Avis Launches Free Rentals with Annual “Free Days” Promotion