Transportation
Avis Budget Car Rental posted fourth-quarter pre-tax income of $28 million
, excluding separation and restructuring costs related to parent Avis Budget Group's spin-off from Cendant in 2006. Quarterly car rental revenues grew 3 percent to $1.3 billion on 6 percent higher car rental pricing. For full-year 2006, ABCR's pre-tax income excluding separation costs was $190 million, with car rental revenues increasing by 8 percent. The company anticipates higher car rental pricing during 2007, particularly in the second half of the year.