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Avis Budget Group, Inc. (CAR) Stock Price, Quote, History & News

Bloomberg

(Bloomberg) — Rental-car companies struggling to survive the coronavirus pandemic’s catastrophic blow to their business have been working with automakers to call off purchases, in some cases even redirecting vehicles in transit to their now largely neglected parking lots.General Motors Co. is taking back cars it agreed to sell that were on their way to Hertz Global Holdings Inc., Avis Budget Group Inc. and closely held Enterprise Holdings Inc., a spokesman said. Hyundai Motor Co. also confirmed it has redirected some vehicles to its retailers that it was planning to produce for fleet customers.Early last month, Fiat Chrysler Automobiles NV compiled a list of almost 30,000 vehicles the rental-car companies had purchased and circulated it to other prospective fleet customers, according to a person who shared the document with Bloomberg News. The attempt to transfer any of the cars to other customers ultimately fell through for logistical reasons, a

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Avia Solutions Group Donates $2M for COVID-19 Vaccine Transportation

“Being one of the biggest aviation services group and a socially responsible humanitarian flights provider, we decided to solidarize with other large global companies. We have sent an official offer of $2M worth flight budget to the World Health Organization with an aim to help combat COVID-19. The support money shall be dedicated to transporting COVID-19 vaccines to highly infected places using the company’s aircraft fleet – Dornier 228, Boeing 747-400F, B737-400F and Airbus A321,” says Mr. Vygaudas Usackas, Ambassador and Member of the Board of Directors of Avia Solutions Group.

Avia Solutions Group is the biggest integrated aviation service provider in the world with up to 50% of its flights being humanitarian. The company currently controls the operations of Chapman Freeborn, Bluebird Nordic and Avion Express, which together achieve around 10 000 flight hours per month performing medical aid flights, repatriation, United Nations World Food Programme missions and other

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CAR Stock Price | Avis Budget Group Inc. Stock Quote (U.S.: Nasdaq)




Avis stock rallies as company expects still-strong Q1 sales

Shares of Avis Budget Group Inc. rose more than 7% in the extended session Wednesday after the rental-car company said it expects first-quarter sales modestly below consensus, thanks to a busy January and February. Avis said it expects first-quarter sales between $1.7 billion and $1.8 billion, and a GAAP net loss between $155 million and $165 million for the quarter. It called for adjusted loss between $85 million and $95 million, which would compare with an adjusted loss of $1 million in the first quarter of 2019. Analysts polled by FactSet expect the car-rental company to report an adjusted loss of $1.57 a share on sales of $1.9 billion in the quarter. The company said its January and February sales were “exceptionally strong” and that 2020 had potential to be a record year before the mid-March

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Kenan Advantage Group – Tank Truck Transporters & Logistics Provider

💭 Tim Tibbs, Director of Operations East

#KAGStory

“Here in Bethlehem, we have been supplying Oxygen to the hospitals in New York City and New Jersey. All of our drivers have stepped up their game and have gone above and beyond without question.

Two drivers, in particular, have shared stories with me that made them feel something they never felt before.”

1️⃣ Tim Barnes was delivering in New York City and the fire department was clearing a call. When they noticed our truck coming down the street, they stood together and clapped and gave our driver a thumbs up because they knew he was delivering Oxygen to the hospitals.

Tim said, “As I drive by the firehouse, I look at them as heroes and when they cheered as I drove by, I felt like I was the hero. I was honored to have them do that. It made me feel

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