Press Releases

Transaction Extends the Maturity Date of Its Corporate Revolving Credit Facility to 2016 and Reduces Borrowing Spreads...

• Revenue increased 7% compared with first quarter 2010.
• Adjusted EBITDA more than doubled and margins expanded 330 basis points, excluding certain items.
• Net income was $7 million compared with a loss in first quarter 2010.

PARSIPPANY, N.J., April 25, 2011 (GLOBE NEWSWIRE) -- Avis Budget Group, parent company of Avis Rent A Car and Budget Rent A Car, today announced that Avis and Budget customers have added where2 ® , the Company's GPS navigation device, to more than five million rentals since 2006....

Conference Call to Discuss Results Scheduled for May 4, 2011...

PARSIPPANY, N.J., March 24, 2011 - For the 12th consecutive year, Avis Rent A Car has been named the leading car rental company in customer loyalty by the Brand Keys® Customer Loyalty Engagement Index. The annual study examined customers' relationships with 528 brands in 79 categories....