Hertz says pandemic decimated revenue, leading to bankruptcy

May 26, 2020 Mortgages

The company, whose counters are common in airports across the globe, said the pandemic not only hit its revenues but also placed “substantial new demands” on its cash. In April, the first full month after the health crisis took hold in the U.S., its global revenue dropped 73% from the same month in the previous year, according to Hertz.