Avis Budget +6% on outlook for cash flow positive by July

Clark Schultz2020-04-29

Avis Budget (NASDAQ:CAR) discloses operational cash burn expectations as it reels from the collapse in travel demand. The car rental company expects a cash burn of ~400M in April, ~$250M in May and ~$...

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The operational forecast is for Avis to be cash flow positive in July and beyond. The company sees sufficient liquidity for 2020.\nShares of Avis Budget are up 6.44% in early trading.\nSEC Form 8-K\nSee all stocks on the move »Now read: Spirit Airlines +11%; Cowen PT implies more upside »","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.25.1","shortVersion":"4.25.1","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2031215336"}