Avis Budget Group (CAR) Reports Q1 Loss of $1.40/Share, Offers Outlook
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Avis Budget Group Reports First Quarter 2020 Results and Pandemic Response Actions
May 4, 2020 5:26 PM EDTPARSIPPANY, N.J., May 04, 2020 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) today reported results for its first quarter ended March 31, 2020.
First Quarter 2020 over First Quarter 2019:
Revenues of $1.8 billion, a decrease of 9%, however, Year to Date February Revenues were up 9% Net loss of $158 million, or $2.16 per diluted share and Adjusted net loss of $103 million, or $1.40 per Adjusted diluted shareAdjusted EBITDA loss of $87 million, however, Year to Date February Adjusted EBITDA was up ~$60 million... More