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Avis Europe

Avis Budget Reports Record 2012 Full-Year Results

Avis Budget Group reported a 25% increase in revenue compared to 2011 for a resulting $7.4 billion in revenue worldwide. The company said the increase is primarily due to the acquisition of Avis Europe in late 2011.

Avis Budget Reports Record Q1 Results

Avis Budget Group’s revenue increases 31% on higher rental volume and stronger-than-expected residual values, with an overall net loss on Avis Europe acquisition costs.

Avis Budget Group Expects Revenue Spike on Lower Fleet Costs

Reporting preliminary results, Avis Budget Group expects a 30% increase in revenue in the first quarter compared to the first quarter 2011, and full-year 2012 revenue to be $7.3 billion to $7.6 billion, a 24% to 29% increase compared to 2011.