Avis Budget Group posted a fourth-quarter net loss of $49 million compared with a year-earlier net loss of $121 million

. Company officials said "commercial volumes are continuing to improve,” and during the quarter commercial rental days were down 17 percent as opposed to leisure days (down 25 percent). In 2009, commercial pricing was up 4 percent year over year. "There were some early signs that commercial activity has begun to pick up, but nothing I would characterize as a strong rebound," according to CEO Ronald Nelson. The full-year 2009 net loss was $47 million compared with a loss of $1.1 billion in 2008, which was mostly due to large impairment charges.