Avis Budget Group reported a $28 million net loss for the June quarter,

compared with a $79 million profit for the prior-year period.The company attributed the loss to "debt-extinguishment expenses, transaction-related charges and restructuring costs." Total revenue grew 7 percent year over year, "primarily due to the acquisition of Zipcar and a 3 percent increase in rental days." In the North American rental car segment, rental days grew 2 percent, with pricing up 1 percent year over year. The rental car firm's 4 percent increase in North America leisure pricing was offset by a slight decline in commercial pricing.