Fleet News

Avis cuts losses and goes for growth

Rental company Avis Europe has reduced its losses for the first half of 2007 and forecast growth, after strong demand over the summer.

Half year losses were cut to £1.3 million pre-tax, compared to £3 million last year.

Revenues were up 4.7% to £407 million, thanks to volume growth, cost cutting and new management techniques to align fleet capacity with demand.

The UK market performed poorly, thanks to the weather which saw a lower demand from tourists. But France, Spain and Germany enjoyed growth.

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