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Avis Budget Reports $1.8B Net Loss on $2.3B Fleet Impairments

CAR10-KFiling Date: 2/14/2025
Avis Budget Group, Inc.
Description

What this story covers

Avis Budget's 2024 10-K shows $11.8B revenues down 2% amid pricing pressures. A $1.8B net loss stems from $2.3B fleet impairments due to accelerated rotations. They hold $22.9B debt with $1.1B liquidity. Segments show volume resilience but cost strains. Key risks include competition, residuals, and demand volatility.

Story snapshot

CompanyAvis Budget Group, Inc.
TickerCAR
VariantStandard detailed
Duration15:53
Filing type10-K
PeriodAnnual 2024
IndustryTransportation & Logistics
Accession0000723612-25-000005

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