Avis Budget Group reported a $170 million net loss for the fourth quarter of 2011,

compared with a $24 million loss for the same period in 2010. The group's revenue increased 33 percent during the quarter, thanks in large part to the inclusion in year-over-year comparisons of Avis Europe, which Avis Budget acquired in October. Excluding Avis Europe, the group saw rental volume increase 5 percent year over year and pricing decline 2 percent. CFO David Wyshner during an earnings call Thursday said Avis Budget commercial volume during the quarter grew 1 percent year over year, though commercial pricing was down 2 percent, "consistent with the full year."