Avis Budget Group Strengthens Relationship With American Airlines
February 03 2016 - 11:00AM
Avis Budget Group, Inc. (NASDAQ:CAR) and American Airlines
(NASDAQ:AAL) today announced the extension of their preferred
partnership agreement. Under the new multi-year agreement, Avis Car
Rental, Budget Car Rental and now Payless Car Rental have been
named the preferred car rental partners of American’s AAdvantage
program. This preferred status improves the reward-earning benefits
for AAdvantage members from 50 miles per rental day to 500 or more
miles for each qualifying rental. Corporate travelers can now earn
a minimum of 500 miles on a typical two-day business trip rental
instead of earning 100 miles for the same under the old scheme.
In addition, as part of the preferred partnership, Avis and
Budget will promote products, services and money-saving offers in
American Airlines’ customer channels, including those for
AAdvantage members as well as placements online, at Admirals Club
locations around the world and aboard flights through inflight
media opportunities. Avis and Budget are also the exclusive car
rental providers on AA.com, the airline’s official website, which
receives an estimated two million visitors per day.
“We’re excited to strengthen our relationship with American
Airlines and bring the half a million passengers they fly each day
an easy way to get from the runway to the highway in one of our
quality vehicles,” said Stephen Wright, senior vice president of
sales and marketing, Avis Budget Group. “This enhanced partnership
will help us generate incremental rentals and now, with the new
mileage accrual and the addition of Payless, renting a vehicle is
even more rewarding than ever.”
This agreement builds on the more than 30-year relationship
between American Airlines, one of the foremost travel brands in the
world, and Avis, the brand that has ranked number one in customer
loyalty for 16 consecutive years and the first car rental company
to offer AAdvantage miles for car rentals. Budget, an award-winning
value brand, has been a travel partner of American Airlines since
1998.
About Avis Budget GroupAvis Budget Group, Inc.
is a leading global provider of vehicle rental services, both
through its Avis and Budget brands, which have more than 10,000
rental locations in approximately 175 countries around the world,
and through its Zipcar brand, which is the world’s leading car
sharing network, with more than 950,000 members. Avis Budget Group
operates most of its car rental offices in North America, Europe
and Australia directly, and operates primarily through licensees in
other parts of the world. Avis Budget Group has approximately
30,000 employees and is headquartered in Parsippany, N.J. More
information is available at www.avisbudgetgroup.com.
About American Airlines GroupAmerican Airlines
and American Eagle offer an average of nearly 6,700 flights per day
to nearly 350 destinations in more than 50 countries. American has
hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami,
New York, Philadelphia, Phoenix and Washington, D.C. American is a
founding member of the oneworld alliance,
whose members and members-elect serve nearly 1,000 destinations
with 14,250 daily flights to 150 countries. Shares of American
Airlines Group Inc. trade on Nasdaq under the ticker symbol
AAL. In 2015, its stock joined the S&P 500 index. Connect
with American on Twitter @AmericanAir and at
Facebook.com/AmericanAirlines.
Contact:
Alice Pereira
(973) 496-3916
PR@avisbudget.com
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