Avis Budget Group Removes More than $2.5 billion of Costs Setting the Stage for Future Recovery

PARSIPPANY, N.J., Feb. 16, 2021 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. ( NASDAQ: CAR ) today announced financial results for fourth quarter and full year ended December 31, 2020. Despite revenue being down 37% for the fourth quarter compared to prior year, and a net loss of $90┬ámillion, we

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