Car rental company Hertz, hard hit by the global coronavirus pandemic, has filed for bankruptcy in the United States and Canada, the company announced Friday.
Car rental company Hertz, hard hit by the global coronavirus pandemic, has filed for bankruptcy in the United States and Canada, the company announced Friday.
"The impact of COVID-19 on travel demand was sudden and dramatic, causing an abrupt decline in the Company's revenue and future bookings," Hertz said in a press release.
Its main international operating regions, including Europe, Australia and New Zealand, were not included in the US Chapter 11 filing.
Sign Up with Google
Add us to your Preferences
Set as your preferred source on Google
ADVERTISEMENT
RECOMMENDED FOR YOU
POPULAR
1
Finfluencer Avadhut Sathe Likely Under SEBI Scanner For 'Illegal Gains' Of Over Rs 400 Crore— Profit Exclusive
2
US Stock Slide Deepens Before Powell As Yields Rise: Markets Wrap
3
L&T Finance Partners With Google Pay To Offer Personal Loans
4
Timeline Extension Unlikely For Trump's 50% Tariffs On India: Peter Navarro
5