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May 4 2021 Avis Budget Group Capitalizes on Continued Economic Recovery Avis Budget Group, Inc. (NASDAQ: CAR) today announced first quarter 2021 financial results.

Despite revenue being down 22% for the first quarter compared to prior year, and net loss of $170 million, we achieved Adjusted EBITDA of $47 million in the first quarter through cost discipline and double digit growth in revenue per day in the Americas. This is our best first quarter Adjusted EBITDA since 2015 and is now our third consecutive quarter of positive Adjusted EBITDA since the start of the pandemic.
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Industry News

May 10 2021-Hertz Global Holdings Reports... Hertz Global Holdings, Inc. (OTCPK:HTZGQ) ("Hertz Global" or the "Company") today reported results for its first quarter 2021 with revenue of $1.3 billion, net income attributable to the Company of $190 million and Adjusted Corporate EBITDA of $2 million. Liquidity at the end of the first quarter was $1.1 billion. May 8 2021-Latest vehicle recalls... Transport Canada has released its latest vehicle recalls which may affect some Nissan vehicles. May 4 2021-Avis Budget Group Capitalizes... Avis Budget Group, Inc. (NASDAQ: CAR) today announced first quarter 2021 financial results.

Despite revenue being down 22% for the first quarter compared to prior year, and net loss of $170 million, we achieved Adjusted EBITDA of $47 million in the first quarter through cost discipline and double digit growth in revenue per day in the Americas. This is our best first quarter Adjusted EBITDA since 2015 and is now our third consecutive quarter of positive Adjusted EBITDA since the start of the pandemic.
May 3 2021-Latest vehicle recalls... Transport Canada has released its latest vehicle recalls which may affect some Hyundai vehicles. Apr 23 2021-Latest vehicle recalls... Transport Canada has released its latest vehicle recalls which may affect some Kia vehicles.
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