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Avis Budget Group Marks Milestone of Honoring 500 Customer Experience Owners
May 10, 2012
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PARSIPPANY, N.J., May 10, 2012 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) today announced that the Company has recognized more than 500 Customer Experience Owners (C.E.O.s) in its organization. Introduced in North America last year, the C.E.O. program celebrates team members, including agency operators, dealers and licensees as well a...
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Bubba Watson Voted April PGA Tour Player of the Month Presented by Avis
May 9, 2012
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PARSIPPANY, N.J. and PONTE VEDRA BEACH, Fla., May 9, 2012 (GLOBE NEWSWIRE) -- PGA TOUR and Avis Car Rental announced today that Masters champion Bubba Watson has been voted the April PGA TOUR Player of the Month presented by Avis. On behalf of Watson, Avis, the official rental car company of the PGA TOUR, will make a $50,000 contribution to The Fir...
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Avis Budget Group Reports Record First Quarter Results
May 7, 2012
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Revenue grew to $1.6 billion, a 31% increase from first quarter 2011.Adjusted EBITDA increased 43% to $119 million, excluding certain items, the Company's highest-ever first quarter result.Net income grew 17%, to $14 million, excluding certain items, and GAAP net loss was $23 million.
PARSIPPANY, N.J., May 4, 2012 (GLOBE NEWSWIRE) -- Avis Budge...
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Avis Budget Group Issues Preliminary First Quarter Results and Full-Year 2012 Expectations
May 1, 2012
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PARSIPPANY, N.J., May 1, 2012 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) today published preliminary results for its first quarter ended March 31, 2012 and estimates of its full-year 2012 results.
For the first quarter, the Company expects to report revenue of $1.6 billion, an increase of approximately 30% compared with the first ...
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Avis Budget Group to Announce First Quarter Results and Host a Conference Call With Investors on May 7, 2012
Apr 25, 2012
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PARSIPPANY, N.J., April 25, 2012 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) announced today that it plans to report its first quarter 2012 results on May 7, 2012 and to host a conference call to discuss such results at 9:00 a.m. Eastern time that day.
Investors may access the call live at ir.avisbudgetgroup.com or by dialing (210)...
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Avis Budget Group Announces Publication of New Global Environmental Initiatives Report
Apr 19, 2012
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PARSIPPANY, N.J., April 19, 2012 (GLOBE NEWSWIRE) -- Avis Budget Group (Nasdaq:CAR) today released a new report detailing the Company's various environmental initiatives in place around the world. The report can be viewed or downloaded at avisbudgetgroup.com.
"As a Customer Led, Service Driven Company, we know that our customers, shareholders a...
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Avis Launches Money-Saving Offer on International Rentals
Apr 12, 2012
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PARSIPPANY, N.J., April 12, 2012 (GLOBE NEWSWIRE) -- Planning to visit Provence for freshly baked croissants or baguettes? Longing to sample the unique variations of satay in Indonesia? Hoping to indulge in traditional "asado" (grilled meats) in Argentina? Some of the top resorts, cafes and restaurants serving these regional specialties are best re...
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Justin Rose Voted March PGA TOUR Player of the Month Presented by Avis
Apr 11, 2012
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PARSIPPANY, N.J. and PONTE VEDRA BEACH, Fla., April 11, 2012 (GLOBE NEWSWIRE) -- PGA TOUR and Avis Car Rental announced today that Justin Rose has been voted the March PGA TOUR Player of the Month presented by Avis. As the official rental car company of the PGA TOUR, Avis will make a $50,000 contribution to the Kate and Justin Rose Foundation.
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Avis Named India's Top Tourist Transport Operator
Apr 9, 2012
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PARSIPPANY, N.J., April 9, 2012 (GLOBE NEWSWIRE) -- Avis Car Rental has been recognized as the top "Tourist Transport Operator" in India for 2010-2011 by the prestigious National Tourism Awards. Established by India's Ministry of Tourism, the National Tourism Award is widely considered to be the country's most coveted prize in India's travel indust...
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Avis Budget Group Announces Immediate Removal of All Recalled Ford Focus Sedans From North American Rental Fleet
Apr 6, 2012
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PARSIPPANY, N.J., April 6, 2012 (GLOBE NEWSWIRE) -- Avis Budget Group today announced that it is immediately taking steps to remove from its rental fleet in the United States, Canada and Puerto Rico approximately 10,000 model-year 2012 Ford Focus sedans following receipt of a safety recall notice from the manufacturer relating to a potential proble...
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Avis Extends Mobile Reservations Accessibility With Launch of New Application for Android Devices
Apr 5, 2012
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PARSIPPANY, N.J., April 5, 2012 (GLOBE NEWSWIRE) -- Building upon its track record of innovation in the car rental industry, Avis Car Rental has launched a mobile application for devices running on Google's Android mobile platform, making Avis the first in the industry to have applications on all four major mobile platforms. Available for free down...
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Avis Participates in Daily Getaways Promotion in Partnership With the U.S. Travel Association
Apr 4, 2012
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PARSIPPANY, N.J., April 4, 2012 (GLOBE NEWSWIRE) -- Avis Car Rental is once again joining America's top travel brands this spring in the Daily Getaways 2012 promotion. Designed to generate growth in summer leisure travel, the five-week online promotion available at www.DailyGetaways.com offers great savings on car rentals, hotels, loyalty points pr...
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Avis Budget Group Completes $125 Million Senior Notes Offering
Mar 30, 2012
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PARSIPPANY, N.J., March 30, 2012 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) announced today that its wholly-owned subsidiary, Avis Budget Car Rental, LLC, has completed an offering of $125 million aggregate principal amount of 8.25% senior notes due 2019.
The notes were priced at 103.5% of par for an effective yield (yield-to-wors...
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Avis Budget Group Announces Pricing of $125 Million of Senior Notes
Mar 26, 2012
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PARSIPPANY, N.J., March 26, 2012 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) (the "Company") announced today that its wholly-owned subsidiary, Avis Budget Car Rental, LLC, has priced an offering of $125 million aggregate principal amount of 8.25% senior notes due 2019. The notes constitute a further issuance of, and will form a single ...
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Avis Budget Group Completes $750 Million Asset-Backed Bond Offering
Mar 23, 2012
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PARSIPPANY, N.J., March 23, 2012 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) announced today that its Avis Budget Rental Car Funding (AESOP) LLC subsidiary has completed an offering of $750 million of asset-backed bonds with a weighted average interest rate of 2.6%, the Company's lowest rate on a new ABS bond offering since 2003.
T...
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Avis Budget Group to Host Investor Day on May 8 in New York
Mar 22, 2012
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PARSIPPANY, N.J., March 22, 2012 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) announced today that it plans to hold an Investor Day meeting on May 8, 2012 at 9:00 a.m. in New York City. The day will include presentations by members of the Company's senior leadership team, a question-and-answer period, and an informal lunch providing ins...
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Avis Celebrates 40 Years in Singapore
Mar 22, 2012
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PARSIPPANY, N.J., March 22, 2012 (GLOBE NEWSWIRE) -- Avis Car Rental has launched its celebration of its 40th anniversary of providing car rental services in the Republic of Singapore. Since first opening on March 31, 1972, Avis has been a trusted brand in Singapore providing residents and travelers alike with world-class, flexible and reliable veh...
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New Partnership Between Avis Budget Group and Regus Makes Business Travel Easier for Road Warriors
Mar 21, 2012
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PARSIPPANY, N.J. and DALLAS, March 21, 2012 (GLOBE NEWSWIRE) -- A new multi-year agreement between Avis Budget Group and Regus, the world's largest provider of flexible workplaces, will help make business travel easier by providing Regus customers with valuable savings on Avis and Budget car rentals at locations around the world and providing Avis ...
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Avis Budget Group Announces the Closing of $500 Million of Term Loan Borrowings
Mar 19, 2012
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PARSIPPANY, N.J., March 19, 2012 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) announced today that its wholly-owned subsidiary, Avis Budget Car Rental, LLC, has closed an offering of $500 million of term loan borrowings due 2019. The Company intends to use the net proceeds of the offering to repay approximately $420 million of term loan...
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Avis Budget Group Travel & Affinity Partnership Revenue Grew by More Than $100 Million in 2011
Mar 12, 2012
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PARSIPPANY, N.J., March 12, 2012 (GLOBE NEWSWIRE) -- Avis Budget Group (Nasdaq:CAR) today announced that the Company's strategic focus on maintaining and expanding travel partnerships made substantial contributions to its results in 2011.
Revenue from co-marketing agreements with leading travel brands and other affinity relationships grew by mo...
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