Second-quarter revenue for car rental company and mobility provider Sixt totaled €498.1 million, up 120.6 percent year over year and down 20 percent from the second quarter of 2019, the company reported Friday.
The U.S. market was the biggest driver of the revenue improvement, according to Sixt. U.S. operating revenue reached €155.3 million, four times higher than the same quarter last year. Sixt cited the increase in domestic travel activity, increased Covid-19 vaccination rates and its acquisition of locations at 10 U.S. airports last year as contributing factors. In Europe, operating revenues increased by 177 percent year over year to €185.2 million thanks to the summer season and lifting of some travel restrictions.
Earnings before taxes amounted to €77.9 million, up 6.3 percent from Q2 2019. Earnings before interest, taxes, depreciation and amortization amounted to €108.6 million, compared with a loss of €79.8 million in the same quarter of 2020.
"Sixt has used the crisis as an opportunity and expanded its market position both in Europe and especially in the United States," said Sixt co-CEO Alexander Sixt in a statement.