Though overall revenues for the quarter were underwater by about 20% compared to the same period in 2019, Sixt posted a 6.3% earnings increase. While Sixt issued full-year forecast, it cautioned that uncertainty remains especially for the fourth quarter.
The loss will cost Icahn an estimated $1.6 billion.
Investors are encouraged to dial in approximately 10 minutes prior to the call.
Hertz will host its accompanying webcast and conference call to discuss such results May 7 at 8:30 a.m. ET.
For the full-year 2018, total revenues were $9.5 billion, an 8% increase versus 2017.
The Group’s leisure business, responsible for 56% of Group rental revenue in the first half of 2018, but also the Group’s corporate business, acted as a dual growth engine for the Group and its major business units.
Faster driving, experience, and safety were major factors that attributed to earning discrepancies between male and female Uber drivers.
In the first quarter of 2018, Hertz Global Holdings reported total revenues of $2.1 billion and decreased net loss by 9% based on an increase in transaction days, a decrease in per-unit depreciation expense, and an increase in pricing excluding ride-hailing rentals.
Revenue growth was driven by a 5% increase in total rental days and strong pricing.
In a blog post, Uber Chief Economist Jonathan Hall cited previous studies that found Uber drivers make wages closer to $13.04 per hour after expenses, compared to the $3.37 per hour found by the MIT paper.
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