Saturday, May 23, 2020

Hertz Files for Bankruptcy

Wow. That's a big name. I never used Hertz, always more expensive than Alamo. The company had a lot of debt according to NYeT and the Trump Virus restrictions on travel just did them in. I had not given the rental car companies consideration previously. I have always wondered what the effect was on the airlines who have the slimmest of slim profit margins in normal times, but I have not read anything about any airline being in bankruptcy land. Hertz is not going out of business. It is restructuring and staying in business.