The margin compression is really an Avis Budget specific problem, for the reasons I stated.
Re Enterprise: There was a long Fortune article on Enterprise a few weeks ago. It's an interesting family story,... login to read the rest
Are margins compressed industry wide or is this a budget-avis only problem. Also, if you have any insight, how did enterprise get such dominance in the off airport market (I was just looking @ their... login to read the rest
your 2.8% margin is pretax, right? so why are you using that as a proxy for free cash flow? is there an nol or something here that makes cash taxes zero?
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