Avis Budget Q1 net loss $505M on $2.4B revenue; records $390M fleet charge, no further charges expected

AVIS BUDGET GROUP, INC.

2025-Q1 EPS reported -$14.35 revenue$2,430,000,000

Q1 revenue $2.4B; net loss $505M; Adjusted EBITDA loss $93M; includes $390M non-cash fleet charge for Americas vehicle dispositions.
Americas Adjusted EBITDA loss $67M; International loss $3M, improved from $15M loss in prior year.
Issued $500M floating-rate term loan due Dec 2025; increased fleet funding capacity by $640M in April.
Liquidity over $1.1B with $3B additional fleet funding; management says no further fleet charges expected.

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