Avis Budget +6% on outlook for cash flow positive by July_老虎社区_美港股上老虎

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":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}