Avis Budget Group posted stronger second-quarter 2026 profitability as improved fleet utilization offset softer revenues and rental volumes. Vehicle utilization rose to 72.6% from 70.7% a year earlier, an increase of 1.9 percentage points, even as the average rental fleet declined 5% year over year to 664,638 vehicles and rental days fell 2% to 43.9 million. Adjusted EBITDA came in at $286 million, up 3% from $277 million in the prior-year quarter, while net income jumped to $63 million from $5 million a year ago. Per-unit fleet costs, excluding currency effects, declined 4% year over year to $290 per month, helping offset weaker rental activity. Second-quarter revenues slipped 1% to $3 billion from $3.04 billion, though revenue per day, excluding currency movements, was broadly stable at $67.84 versus $67.62. For the year to date, revenues rose 1% to $5.53 billion and utilization improved 1.3 percentage points to 71.4%, but adjusted EBITDA fell 6% to $173 million.
Avis Budget Group IncQ2 net income jumped to $63M from $5M and adjusted EBITDA rose 3% on improved fleet utilization and lower per-unit fleet costs.
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