This quarter’s revenue was also 27% higher than the same period 2019, the last normalized quarter.
Avis Budget Group was able to pivot to meet rapidly changing conditions last year. Can Avis and the rest of the industry manage what’s ahead in 2022?
Avis Budget Group’s adjusted EBIDTA of $683 million in the fourth quarter of 2021 was its best in the company’s history. Full-year revenues beat 2019 by 2%.
Avis Car Rental is one of the 2022 Automotive Sector Loyalty Winners in Brand Keys’ Silver Anniversary Customer Loyalty Engagement Index.
This employee committed grand theft over $5,000 and Avis Budget lost $7,479 in rental fees. She faces a charge of larceny and fraud.
As Avis Budget Group’s second quarter adjusted EBITDA came in at $624 million, the best in the company's 75-year history.
After being accused of stealing a rental car from Avis Car Rental almost 20 years ago, a Connecticut woman has been charged with first-degree larceny.
In addition to Avis, Vittoria served in a global role at Hertz. After car rental, he developed a line of sailing superyachts.
The company will host a conference call for institutional investors to discuss these results on Feb. 17 at 8:30 a.m. Eastern time.
Market watchers are pegging Avis Budget Group’s recent stock spike to the vaccine rollout. They cite the company’s ability to adjust fleet to demand, its solid financial position regarding fleet debt, and its success in removing $2.5 billion in costs for 2020.
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