New York (CNN Business) Rental car companies have been slashing their fleets during the pandemic, but now that travel is picking up again supply is tight and prices are sky-high . Traditional car rental companies recorded massive drops in rental revenue thanks to the steep plunge in travel last year. And for some travelers unable to find their normal choice of rental cars lately, Turo has proved a savior. Julian Levesque flew into Phoenix a week ago from his home in Newport Beach, California, and started searching for a traditional car rental only to discover there wasn't much available. But now Costello is busier than he's ever been, especially with the shortage of traditional rental cars in the state.

Source: CNN March 29, 2021 18:53 UTC