UPDATE 1-Avis Europe sees 15 pct 2002 profit drop

Newswire

(Rewrites, adds details, share prices) LONDON, Dec 18 (Reuters) - Avis Europe said on Wednesday that profits would drop more than 10 percent this year as a weak economy led to fewer cars being rented, adding that it saw business from corporate travel trailing behind leisure in 2003. "In the absence of an international conflict, we would expect our leisure revenue to continue its recovery," the car rental agency said in a statement. "However, with current trends and economic prospects we ...

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