Hertz Global (HTZ) misses earnings expectations as fleet costs weigh

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Go back to Hertz Global (HTZ) misses earnings expectations as fleet costs weigh

HERTZ REPORTS FIRST QUARTER 2024 RESULTS

April 25, 2024 7:30 AM EDT

"Fleet and direct operating costs weighed on this quarter's performance," said Gil West, Hertz chief executive officer. "We're tackling both issues - getting to the right supply of vehicles at an acceptable capital cost while at the same time driving productivity up and operating costs down. These, along with creating a superior customer experience, will be our focus as we position ourselves to take advantage of strong travel demand in this transition year. We've put the right strategy in place, and I see a clear path for Hertz to generate sustainable and higher... More