We ended 2024 with fourth quarter revenues of $2.7 billion, driven by strong leisure holiday travel. Net loss was nearly $2 billion, and Adjusted EBITDA 1 was a loss of $101 million. Full year ...

Avis Budget Group, Inc. ( NASDAQ: CAR) Q4 2024 Earnings Conference Call February 12, 2025 8:30 AM ET David Calabria - SVP, Corporate Finance and Treasurer Joseph Ferraro - President and CEO Izilda ...

In the last five years, an estimated £410m was lost to romance scams. So this Valentine's Day, Sumsub are alerting people ...

Outgoing Avis Budget Group CEO Joe Ferraro on a Wednesday earnings call defended the company's decision to significantly accelerate its fleet rotation strategy, which resulted in a fourth-quarter ...

Q1 2025 guidance anticipates an adjusted EBITDA loss of $100 million due to residual fleet cost impacts and the Easter calendar shift to April. Revenue per day is expected to decline slightly ...

The loss reflects a change in strategy to accelerate fleet rotations, which resulted in shortening the life of most of the vehicles in the Americas' segment, Avis said. The financial impact was a ...

The company noted that net loss and adjusted EBITDA results reflect a change in strategy to significantly ... of this activity,” said Joe Ferraro, Avis Budget (CAR) Group CEO.

Avis Budget’s CAR-7.25%decrease; red down pointing triangle Chief Executive Officer Joe Ferraro is stepping down and will be succeeded by Brian Choi, its chief transformation officer. The ...

Car rental services provider Avis (NASDAQ:CAR) in Q4 CY2024, with sales falling 2% year on year to $2.71 billion. Its GAAP ...