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Coronavirus Shutdowns Push Car Rental Company Hertz Into Bankruptcy In US, Canada
23 May 2020, 11:46 AM IST
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.
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