Hertz Reports $222M Net Loss in Third Quarter, with Sequential Improvements
Hertz CEO Paul Stone cited U.S. rental volume improvements since Labor Day and domestic revenue improvements of 14 points from July to September.
November 10, 2020
Hertz CEO Paul Stone cited U.S. rental volume improvements since Labor Day and domestic revenue improvements of 14 points from July to September.
November 10, 2020
While Europcar managed to generate positive adjusted corporate EBITDA on cost cutting, revenue fell to 537 million euros in the third quarter of 2020. Europcar no longer providing full-year guidance for 2020.
October 28, 2020
Avis will host a conference call for institutional investors to discuss these results Oct. 30 at 8:30 a.m. Eastern time.
October 15, 2020
Sixt reports that business has already returned to pre-pandemic levels in German urban locations. In response the company is expanding carsharing and subscription programs as an alternative to public transport.
May 22, 2020
In the U.S., year-to-date February 2020 revenue was up 8% from the same period in 2019 on both higher price and volume. By March 31, revenues had eroded 9.7% for the entire quarter compared to last year.
May 12, 2020
Avis anticipates revenues about 80% lower in April and May compared to the prior year, with a gradual recovery in June and improving thereafter.
May 6, 2020
Avis reduced the size of its global fleet beginning in March and continuing in April, and currently estimate that it will end June with over 20% fewer units than the prior year.
April 24, 2020
Based in Sao Paulo, Vai.Car plans to use the funding to increase its vehicle fleet.
March 11, 2020
Results dampened by a decrease in international revenues, safety recalls, and increases in per-unit, per-month depreciation.
February 25, 2020