This revenue was achieved on a smaller overall U.S. fleet size, which translates into record high revenue per unit, per month.
For the third quarter 2017, Hertz Global Holdings Inc. has reported its total revenues as $2.6 billion, a 1% increase year-over-year. CEO Kathryn Marinello is encouraged by Hertz’s process but admits the company still has a lot of work ahead.
Avis Budget Group has reported revenue of $2.8 billion for its third quarter 2017, a company record. Due to the impact of the hurricanes, the company lowered its full-year earnings forecast.
Enterprise Holdings achieved annual revenues of $22.3 billion in fiscal year 2017, while fleet size remained equal to 2016 at 1.9 million vehicles. Share of airport business is now 38%.
Hertz Global Holdings Inc. plans to report its third quarter 2017 financial results on Thursday Nov. 9.
Avis Budget Group Inc. plans to report its third quarter 2017 results after the market close on Monday Nov. 6.
During the first half of 2017, the Sixt Group’s total revenue increased 5.7% to $1.33 billion compared to $1.26 billion during the same time in 2016. Sixt’s revenue for the vehicle rental business unit was $927.4 million, an increase of 6.4%.
For the second quarter 2017, Hertz Global Holdings Inc. has reported its total revenues as $2.2 billion, a 2% decline versus second quarter 2016. Hertz reported a net loss of $158 million, including $54 million of impairment charges.
In the first half of 2017, Europcar reported revenue of 1.028 billion euros — up 10.1% at constant exchange rates compared with the first half of 2016. Europcar's number of rental days increased to 30 million.
Avis Budget Group has reported revenue of $2.2 billion for its second quarter 2017, unchanged compared to Q2 2016. This is primarily due to an increase in overall rental days being offset by a decrease in pricing.