Avis budget group provides update related to coronavirus

Avis budget group provides update related to coronavirus.avis budget group inc - withdrawing financial outlook we provided earlier this year.avis budget group inc - outlook for april and beyond is challenged with reservations down approximately 60% and with potential for further declines.avis budget group inc - targeting more than $400 million in annualized cost reduction & mitigation.avis budget group inc - in march reservations & revenue began to be negatively affected as travel restrictions were broadly implemented.avis budget group inc - expect to have sufficient liquidity to operate through end of 2020 and beyond.avis budget group - evaluating compensation expense.avis budget group - intend to make reductions, including to base compensation for senior employees including executive leadership team.avis budget group - currently estimate available credit under undrawn revolving credit facility to be about $750 million.
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