Avis Budget Group reported third quarter earnings of $3 billion, almost double the earnings for the same period in 2020 and 9% above the third quarter of 2019. Revenues were driven, according to the company, by increased revenue per day and rental days as demand continued from the second quarter. Net income was $674 million and adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) was $1.057 million, the company’s best quarterly adjusted EBITDA in its history. Avis Budget said its liquidity position at the end of the quarter was approximately $1.3 billion, with an additional $2.7 billion of fleet funding capacity. According to an announcement, the company has “well-laddered corporate debt and no meaningful maturities until 2024.” Joe Ferraro, CEO, said the results are a testament to an ongoing focus around cost discipline and ability to execute operationally. He said, “W@e are seeing the benefits of initiatives we began during the early days of the pandemic and look to build on this positive momentum as the travel environment continues to normalize.”