Avis Budget Group Reports First Quarter 2020 Results and Pandemic Response Actions
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Avis Budget Group (CAR) Reports Q1 Loss of $1.40/Share, Offers Outlook
May 4, 2020 5:28 PM EDTAvis Budget Group (NASDAQ: CAR) reported Q1 EPS of ($1.40), versus ($0.78) reported last year. Revenue for the quarter came in at $1.75 billion, versus $1.92 billion reported last year.
Outlook
We anticipate revenues being approximately 80% lower in April and May compared to the prior year, with a gradual recovery in June and improving thereafter, as shelter in place restrictions are lifted and leisure travel begins to... More
