
U.S. car rental revenue fell 3% during second quarter 2015. Hertz attributes the decline to a decrease in airport and off-airport rental volume, due in part to the closure of approximately 200 stores.
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U.S. car rental revenue fell 3%; the company found $30 million more in accounting errors and plans off-airport store closures. Price increases are underway.
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In addition to releasing its rental revenue for fourth quarter 2014, Hertz Global Holdings Inc. also announced 21% of its new fleet was delivered and review and investigation of its financial records are ongoing.
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Hertz Global Holdings Inc. reported its third quarter 2014 U.S. revenue of $1.8 billion. For the full-year 2014, corporate EBITDA is anticipated between $1.3 billion to $1.45 billion, which reflects the impact of adjustments relating to the ongoing accounting review.
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Avis Budget Group Inc. has reported revenue of $2.5 billion for its third quarter 2014, a 6% increase compared to third quarter 2013.
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For the first quarter 2014, German-based Sixt SE’s revenue and earnings were both up compared to last year’s figures. Rental revenue climbed 9.5% — from EUR 210.1 million in Q1 2013 to EUR 230.1 million.
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