As David discussed, our primary consideration in this economic environment is the potential impact to travel demand. While we are reaffirming guidance, we would like to highlight that there is a risk of moving to the lower end of the ranges if travel demand worsens from current levels.

Aug 6, 2025 / CFO / receipt, needs a key / Craig Conti, CFO | earnings call 2025-08-06 | transcript d2f21921-cd0b-4325-b29b-2fc1f335b355 | chars 14664-14950 | segment 14

This improvement was driven by continued strong demand for travel, particularly in the U.S., as well as the resultant increase in demand for rental cars.

Nov 2, 2022 / CFO / receipt, needs a key / Craig Conti, CFO | earnings call 2022-11-02 | transcript 879b3903-d82c-4430-964c-5b7969c0d53f | chars 8792-8945 | segment 8