Like other rental-car companies, Avis Budget spent the pandemic unloading a large percentage of its fleet to cut costs and boost profitability amid tanking demand. In February, Avis Budget said it ultimately removed 31% of its fleet due to the pandemic. ... Avis Budget said revenue per day was up 12% in the Americas in the first quarter, and that those favorable pricing dynamics have largely continued into the second quarter. For now, a shortage of available rental vehicles, coupled with pent-up demand for travel, have consumers paying up. In March, the cheapest rental car in Maui ran more than $700 a day, according to a report last month from Hawaii News Now