Avis Budget Group Reports Fourth Quarter and Full Year Resul...

CSX Chief Executive Officer and Chief Financial Officer to Address Barclays Industrial Select Conference PARSIPPANY, N.J., Feb. 11, 2025 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced financial results for the fourth quarter and full year ended December 31, 2024 today. 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 EBITDA1 was a loss of $101 million. Full year revenues were $11.8 billion, driven by sustained year-over-year demand. Net loss was $1.8 billion, and Adjusted EBITDA was $628 million. Our net loss and Adjusted EBITDA results reflect a change in strategy to significantly accelerate fleet rotations, which resulted in shortening the useful life of the majority of our vehicles in the Americas segment. The financial impact of this decision was a one-time non-cas...