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May 12 2020 Hertz Global Holdings Reports First Quarter 2020 Financial Results
"We started the year with positive momentum, extending the strong growth trajectory of the past three years, reflecting
consistent increases in both price and volume, productivity improvements and best-in-class fleet management," said CEO and President, Kathryn V. Marinello.
"Yet in just two months, the outbreak of the coronavirus created a major business disruption as global travel demand dropped to almost zero and the U.S. usedcar market effectively shut down. We immediately shifted our business priorities to focus on employee and customer safety, expense mitigation and preserving
liquidity."
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