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Earnings

Europcar Rental Revenue Grows 3.2% in First Half of 2018

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.

Hertz Improves Revenues, Narrows Loss in Q1

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.

Uber Disputes MIT Wage Study

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.