Hertz Reports Quarterly Revenue of $2.1B
Total U.S. rental car revenues increased 7%, compared to the first quarter of 2018.

Photo courtesy of Hertz.
For the first quarter 2019, Hertz reported total revenues of $2.1 billion, a 2% increase versus the first quarter 2018.
Net loss attributable to Hertz Global was $147 million, or $1.75 loss per diluted share, compared to $202 million, or $2.43 loss per diluted share. The company reported adjusted net loss for the first quarter 2019 of $83 million, or $0.99 adjusted diluted loss per share, compared to $131 million, or $1.58, for the same period last year.
Adjusted corporate EBITDA was a negative $4 million, compared to negative $59 million.
Total U.S. rental car revenues increased 7%, compared to the first quarter of 2018. Transaction days grew 4%, driven by expanding volume to transportation network company drivers (TNC). Pricing, as measured by total revenue per transaction day, increased 2% in the quarter, and time and mileage pricing was up 4%, driven by high profit leisure categories and the TNC business year-over-year.
Total International rental car revenues decreased 7% year over year, and were flat on a constant currency basis. Volume was up 2%, driven by business and leisure growth in Asia Pacific.
More Rental Operations

Brazilian Executive MBA Targets Growing Domestic Rental Car Industry
Rental car companies face a unique combination of challenges that are rarely addressed in traditional programs.
Read More →
Green Motion Expands Into Japan With Master Franchise Agreement
Japan's tourism industry, business travel market, and demand for vehicle rental services are reasons the country represents an important market for the company.
Read More →
ACRA Carrying Fuller Industry Load As AI and EVs Lurk In Future
The leading car rental professional business group details an active legislative, regulatory, and macro-trends agenda affecting car rental operators.
Read More →
World Cup Travel Data Shows Longer Car Rentals and More One-Ways
A recent analysis of FIFA bookings found varied demand patterns that influenced rental car pricing.
Read More →
A Leveling Force: AI Morphs Into A Rental Car Profit-Seeker
Revenue managers can’t match the emerging AI tools gobbling lots of data that could counter the competitive race to the rate bottom.
Read More →Stop Losing Money On Rental Tolls
Regardless of your rental fleet size and structure, fleet managers, executives, and owners can gain valuable insights into an often-overlooked area of fleet operations.
Read More →
Rethink The Future To Avert A Race To The Bottom
Rental car operators heard a sobering industry message and a stern challenge at the close of the International Car Rental Show.
Read More →
DriveItAway, Free2move Plan Shared Fleet Program for Independent Rental Fleet Operators
Vehicles would be placed with participating rental operations to support car renter demand and provide additional fleet capacity.
Read More →
Stellantis Recalls 1.3 Million Jeep Vehicles Worldwide Over Fire Risk
Stellantis is recalling more than 1.3 million Jeep Wrangler and Gladiator models worldwide over a fire risk linked to power steering pump wiring.
Read More →
Green Motion And U-Save Open Rental Operations In Guatemala
The brands will open their first rental car outlets in the country at La Aurora International Airport in Guatemala City.
Read More →
