Avis budget group removes over $1 billion in expenses in second quarter to mitigate impacts of covid-19

Parsippany, n.j., july 28, 2020 (globe newswire) -- avis budget group, inc. (nasdaq: car) today announced second quarter 2020 financial results, with a net loss of $481 million and an adjusted net loss of $388 million. total revenues were down 67% year-over-year.
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