U.S. Consumer Travel Demand is High and Likely to Build, Avis Says -- Market Talk

Dow Jones

2025/02/12

1706 ET - Consumers in the Americas are spending on travel, Avis Budget Group said in the company's 4Q earnings report. Travel demand is strong and there was a lot of spending during the December holidays and MLK Day in the U.S., CEO Joe Ferraro said. Leisure activity is expected to continue through 2025 and Avis anticipates making at least $1 billion in adjusted EBITDA. Avis is well-positioned to meet that demand and just implemented a strategy to accelerate its fleet rotation, Ferraro said. (katherine.hamilton@wsj.com)

(END) Dow Jones Newswires

February 11, 2025 17:06 ET (22:06 GMT)

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Travel demand is strong and there was a lot of spending during the December holidays and MLK Day in the U.S., CEO Joe Ferraro said. Leisure activity is expected to continue through 2025 and Avis anticipates making at least $1 billion in adjusted EBITDA. Avis is well-positioned to meet that demand and just implemented a strategy to accelerate its fleet rotation, Ferraro said. (katherine.hamilton@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 11, 2025 17:06 ET (22:06 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BGSX","symbol_name":"Build Acquisition Corp","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2510363199","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2510363199","pubTimestamp":1739311560,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1706 ET - Consumers in the Americas are spending on travel, Avis Budget Group said in the company's 4Q earnings report. Travel demand is strong and there was a lot of spending during the December holidays and MLK Day in the U.S., CEO Joe Ferraro said. Leisure activity is expected to continue through 2025 and Avis anticipates making at least $1 billion in adjusted EBITDA. Avis is well-positioned to meet that demand and just implemented a strategy to accelerate its fleet rotation, Ferraro said. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BGSX":"Build Acquisition Corp","CAR":"安飞士"},"translate_title":"安飞士表示，美国消费者的旅行需求很高，而且可能会增加——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BGSX":1,"CAR":0.9},"content_text":"1706 ET - Consumers in the Americas are spending on travel, Avis Budget Group said in the company's 4Q earnings report. Travel demand is strong and there was a lot of spending during the December holidays and MLK Day in the U.S., CEO Joe Ferraro said. Leisure activity is expected to continue through 2025 and Avis anticipates making at least $1 billion in adjusted EBITDA. Avis is well-positioned to meet that demand and just implemented a strategy to accelerate its fleet rotation, Ferraro said. (katherine.hamilton@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 11, 2025 17:06 ET (22:06 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}