Avis Budget Group(CAR) - 2024 Q1 - Quarterly Results

Avis Budget Group Reports First Quarter Results PARSIPPANY, N.J., May 1, 2024 - Avis Budget Group, Inc. (NASDAQ: CAR) announced financial results for first quarter 2024 today. We ended the quarter with revenues of $2.6 billion, driven by strong travel demand. Net loss was$113 million and our Adjusted EBITDA was $12 million. 1 Our liquidity position at the end of the quarter was approximately$0.7 billion, with an additional $3.8 billion of fleet funding capacity. We have well-laddered corporate debt, and a ...