Net income attributable to Hertz Global was $38 million compared to a loss of $63 million. - Photo via Atomic Taco/Flickr.​

Net income attributable to Hertz Global was $38 million compared to a loss of $63 million.

Photo via Atomic Taco/Flickr.​

For the second quarter 2019, Hertz reported a total revenue of $2.5 billion, a 5% increase versus the second quarter 2018.

Net income attributable to Hertz Global was $38 million compared to a loss of $63 million. Adjusted net income for the second quarter 2019 was $71 million compared to an adjusted net loss of $16 million for the same period last year. 

Second quarter 2019 compared to second quarter 2018:

  • Global revenue grew to $2.5 billion, up 5%
  • U.S. RAC total revenues grew to $1.8 billion, up 10%
  • U.S. RAC transaction days up 6%, Total RPD up 3%
  • U.S. RAC depreciation per unit per month decreased 13%
  • Net income attributable to Hertz Global improved 160%
  • Adjusted corporate EBITDA improved 124%

Originally posted on Auto Rental News

0 Comments