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Avis Budget Group to Announce Third Quarter Results on October 30
Oct 17, 2012
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PARSIPPANY, N.J., Oct. 17, 2012 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) announced today that it plans to report its third quarter 2012 results after the market close on Tuesday, October 30, 2012 and to host a conference call to discuss such results on Wednesday, October 31, 2012 at 8:30 a.m. Eastern time.
Investors may access t...
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North Americans: Travel Abroad This Fall and Save With Avis
Oct 16, 2012
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PARSIPPANY, N.J., Oct. 16, 2012 (GLOBE NEWSWIRE) -- Traveling internationally this fall? If you're planning or longing to visit Africa, Asia, Australia, the Caribbean, Europe, Latin America, Mexico, the Middle East or New Zealand, Avis Car Rental has a special offer for you. Avis is offering residents of the United States and Canada a way to save u...
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Avis Budget Group Expands Business Support Center in Budapest, Hungary
Oct 15, 2012
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PARSIPPANY, N.J., Oct. 15, 2012 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) today announced the addition of 235 new positions to its Business Support Center (BSC) in Budapest, Hungary. The expansion will streamline financial, administrative and customer-service processes for the Company's Europe, Middle East and Africa (EMEA) region an...
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Avis Budget Group Announces the Closing of $200 Million of Term Loan Borrowings
Oct 9, 2012
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PARSIPPANY, N.J., Oct. 9, 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 $200 million of term loan borrowings due 2019. The interest rate on the new term loan borrowings is nearly two hundred basis points lower than the interest r...
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Avis Budget Group Chief Financial Officer David B. Wyshner to Present at Deutsche Bank Leveraged Finance Conference
Oct 3, 2012
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PARSIPPANY, N.J., Oct. 3, 2012 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR), a leading provider of vehicle rental services, today announced that David B. Wyshner, Senior Executive Vice President and Chief Financial Officer, will present at the 2012 Deutsche Bank Leveraged Finance Conference on October 10, 2012 at 4:40 p.m. Eastern time....
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Avis Budget Group Expands Car Sales Program to Texas
Oct 3, 2012
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PARSIPPANY, N.J., Oct. 3, 2012 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) today announced that its Ultimate Test Drive program, the Company's car sales initiative, is now available in Texas.
In collaboration with AutoNation, Inc., America's largest automotive retailer, Ultimate Test Drive offers consumers a wide selection of late-...
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Unlimited Budget(R) Celebrates 15th Anniversary
Sep 26, 2012
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PARSIPPANY, N.J., Sept. 26, 2012 (GLOBE NEWSWIRE) -- Unlimited Budget®, Avis Budget Group's loyalty program for travel professionals, is celebrating its 15th anniversary this month. Since its creation in 1997 as the first rental car loyalty program designed specifically for travel professionals, Unlimited Budget has established itself as a lea...
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Avis Rolls Out Vehicle Selection Service to 25 Locations
Sep 25, 2012
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PARSIPPANY, N.J., Sept. 25, 2012 (GLOBE NEWSWIRE) -- Avis Car Rental today announced that Avis Preferred® Select & Go, the Company's vehicle selection service, is now available at 25 airport locations in the United States.
"We are committed to enhancing the customer experience as a means to accelerate growth," said Gina Bruzzichesi, senior...
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Avis Applauds Steve Stricker for Winning the 2012 Payne Stewart Award
Sep 21, 2012
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PARSIPPANY, N.J., Sept. 21, 2012 (GLOBE NEWSWIRE) -- Avis Car Rental today congratulated 12-time PGA TOUR winner Steve Stricker for being named the 2012 Payne Stewart Award recipient. Stricker becomes the 15th recipient of the award which is presented to a player in recognition of his respect for the traditions of the game of golf, his commitment t...
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Avis Budget Group Chief Executive Officer to Present at Citi Global Industrials Conference on September 19
Sep 12, 2012
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PARSIPPANY, N.J., Sept. 12, 2012 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR), a leading provider of vehicle rental services, today announced that Ronald L. Nelson, Chairman and Chief Executive Officer, will present at the Citi Global Industrials Conference on September 19, 2012 at 11:45 a.m. Eastern time.
A live webcast will be ava...
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Rory McIlroy Voted August PGA TOUR Player of the Month Presented by Avis
Sep 11, 2012
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PARSIPPANY, N.J. and PONTE VEDRA BEACH, Fla., Sept. 11, 2012 (GLOBE NEWSWIRE) -- PGA TOUR and Avis Car Rental announced today that Rory McIlroy has been voted the August 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 Rory McIlroy Foundation.
In a f...
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Avis Budget Group Wraps Up Employee Appreciation Tour at World Headquarters in Parsippany, New Jersey
Sep 7, 2012
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PARSIPPANY, N.J., Sept. 7, 2012 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) today wraps up its eight-week bus tour across North America at the Company's Parsippany headquarters. Designed to celebrate the contributions of employees and to thank customers for their business, the ...
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Avis Budget Group Announces Agreement to Acquire Apex Car Rentals of New Zealand
Sep 5, 2012
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PARSIPPANY, N.J. and CHRISTCHURCH, New Zealand, Sept. 5, 2012 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) and Apex Car Rentals have announced that they have entered into a definitive agreement for the acquisition of Apex by Avis Budget. ...
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Avis Budget Group Chief Executive Officer to Present at Morgan Stanley Industrials & Autos Conference on September 13
Sep 5, 2012
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PARSIPPANY, N.J., Sept. 5, 2012 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR), a leading provider of vehicle rental services, today announced that Ronald L. Nelson, Chairman and Chief Executive Officer, will present at the Morgan Stanley Industrials & Autos Conference on September 13, 2012 at 10:20 a.m. Eastern time.
A live webcast w...
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Video Release -- New Avis Marketing Campaign Redefines the Role a Rental Car Plays in Business Travelers' Busy Lives
Aug 27, 2012
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PARSIPPANY, N.J., Aug. 27, 2012 (GLOBE NEWSWIRE) -- Avis Car Rental today launched a new integrated marketing campaign, "It's Your Space," that aims to redefine and elevate the role of the rental car in corporate travelers' busy lives. The campaign centers on how business professionals use the space inside the rental vehicle to be productive and re...
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Avis Lifts Blackout Restrictions for Frequent Renters
Aug 16, 2012
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PARSIPPANY, N.J., Aug. 16, 2012 (GLOBE NEWSWIRE) -- Avis Car Rental has enhanced its customer loyalty program, Avis First, to offer members even greater flexibility. The Company announced that it has removed the blackout restrictions on its two-day weekend rental reward certificates, making it easier for Avis First members to redeem the certificate...
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Avis Australia Wins Prestigious Award for Excellence
Aug 15, 2012
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PARSIPPANY, N.J., Aug. 15, 2012 (GLOBE NEWSWIRE) -- Avis Car Rental was selected as Best Car/Campervan Rental Operator by the Australian Federation of Travel Agents (AFTA) at AFTA's recent annual awards event celebrating "the best of the best" in the Australian travel industry.
This recognition closely follows the Company's achievement of the t...
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Budget Enhances Its Reward Program for Small Businesses, Allowing Customers to Earn 50 Percent More Value
Aug 13, 2012
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PARSIPPANY, N.J., Aug. 13, 2012 (GLOBE NEWSWIRE) -- For small and mid-sized businesses, managing travel costs is critically important. In recognition of this, Budget Car Rental has revamped its Business Program to bring small and mid-sized businesses the opportunity to earn even more rewards and help offset business travel costs. Now, Budget Busine...
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Ernie Els Voted July PGA TOUR Player of the Month Presented by Avis
Aug 8, 2012
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PARSIPPANY, N.J. and PONTE VEDRA BEACH, Fla., Aug. 8, 2012 (GLOBE NEWSWIRE) -- PGA TOUR and Avis Car Rental announced today that Ernie Els has been voted the July 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 Els for Autism Foundation.
In a fan de...
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Avis Budget Group Reports Record Second Quarter Results
Aug 1, 2012
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Revenue grew to $1.9 billion, a 32% increase from second quarter 2011.Adjusted EBITDA increased 39% to $266 million, excluding certain items, the Company's highest-ever second quarter result.Pretax income increased 32% to $171 million, excluding certain items, and was $129 million on a GAAP basis.Diluted earnings per share grew 49% to $0.94 per sha...
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