Avis Budget Group Reports Third Quarter 2026 Results
Source: The Manila times
Published on: 2026-11-03 21:13
PARSIPPANY, N.J., Nov. 03, 2026 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced financial results for the third quarter ended September 30, 2026 today. We ended the quarter with revenues of $3.4 billion, net income of $199 million, and an Adjusted EBITDA1 of $513 million. "The third quarter demonstrated continued progress in how we manage our fleet, with third-quarter Americas utilization being the best we have had in twenty years despite a softer travel demand environment," said Brian Choi, Avis Budget Group CEO. "We are building on the improvements we've made in fleet management and field operations with the objective of improving transaction economics, strengthening profitability, and delivering more consistent financial performance over time." Q3 OPERATIONAL HIGHLIGHTS AND RECENT DEVELOPMENTS * Total Company Revenue per Day was $71.54, excluding exchange rate e...
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