
In second quarter 2013, Avis reports an increase in revenue compared to the same period last year, primarily due to the acquisition of Zipcar and a 3% growth in rental days. Higher U.S. fleet costs played a role in the decline of corporate EBITDA.
In second quarter 2013, Avis reports an increase in revenue compared to the same period last year, primarily due to the acquisition of Zipcar and a 3% growth in rental days. Higher U.S. fleet costs played a role in the decline of corporate EBITDA.
Hertz Global Holdings Inc. provided additional information regarding the calculation of total revenue per transaction day (RPD) for its second quarter financial records.
Hertz’s reports income growth driven by double-digit growth in U.S. off-airport car rental, leisure car rental, equipment rental and Donlen, its fleet leasing subsidiary. Growth tempered by residual value declines compared to a strong 2012.
After releasing its financial results from second quarter 2013 on Tuesday Aug. 6, Avis Budget Group will hold a conference call to discuss the results the following day.
Hertz Global Holdings will discuss its financial results from second quarter 2013 during a conference call next Monday.
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