Avis Budget Group, Inc. (NASDAQ:CAR) Q1 2024 Earnings Call Transcript

And it’s something that we haven’t used over there and we’ve deployed it this year. And I think it’s going to have meaningful benefit for the overall margin of the business.

Lizzie Dove: Great. That’s so helpful. Thank you.

Operator: Thank you. At this time, we’ve reached the end of our question-and-answer session. I’ll turn the call back to Joe Ferraro for closing remarks.

End of Q&A:

Joe Ferraro: Thank you. So to recap, we reported a strong first quarter demand with record volume in the Americas. We took the necessary actions to reduce our fleet setting, setting us up for better utilization and improved flexibility as we move through the summer peak. We saw pricing stabilized throughout the quarter. We believe travel demand will continue to be strong, and we’ll continue to mitigate costs with technology and actions in our field locations. All this sets us up for what we believe are another successful spring and summer season. And I want to thank all our employees around the world for their tireless efforts. And always, I want to thank you for your time and interest in our company.

Operator: Thank you. This will conclude today’s conference. You may disconnect your lines at this time. Thank you for your participation.