Down goes hertz

1,586 Views | 4 Replies | Last: 3 yr ago by ThunderCougarFalconBird
Jock 07
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AG
https://www.cnn.com/2020/05/22/business/hertz-bankruptcy/index.html

Hope they're able to pull through. They've been my car rental company of choice.
An Ag in CO
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The amount of debt Hertz had racked up was just insane. Hard to service in good times and this company was definitely not prepared for the proverbial rainy day. Management really screwed the pooch.
culdeus
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You can get status with them so easy. Can get the rainman upgrade overseas and decent ones on us side.
Mathguy64
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Hertz shouldn't have been carrying $17B in debt even in the best of times. That's nuts.
Aggie95
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Their prices are still sky high. Trying to get a rental for next week.
ThunderCougarFalconBird
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They were certainly levered up to their eyeballs.

But even given their unsupportable debt structure, I still think it is a bellwether case for the current times. 2-3 months without cash flow easily kills a Hertz, but even more healthy travel related businesses will surely follow.
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