Home » How did Hertz bounce back from bankruptcy? | FT Big Deal financial times

How did Hertz bounce back from bankruptcy? | FT Big Deal financial times

by onliNEmmOAZ



When the pandemic hit America’s shores, it crippled car-rental giant Hertz. Thanks to a massive debt caused by the collapse of the travel and commerce industries, the company filed for bankruptcy in May 2020. But as the FT’s Sujeet Indap reports, Hertz staged an incredible comeback, following the unexpected appearance of Robinhood app users, and a private equity bidding war. Read more at #Hertz See if you get the FT for free as a student ( or start a £1 trial: To learn more, visit our website – Watch more videos from this series here – Check out our Community tab for more stories on the economy. Listen to our podcasts: Follow us on Instagram: .

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How did Hertz bounce back from bankruptcy? | FT Big Deal

How did Hertz bounce back from bankruptcy? | FT Big Deal

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How did Hertz bounce back from bankruptcy? | FT Big Deal
financial times
आप हमारी वेबसाइट पर केवल ऑनलाइन पैसे कमाने के तरीकों के बारे में सबसे पूर्ण और विस्तृत जानकारी देख सकते हैं: यहाँ और देखें
आप हमारी वेबसाइट पर केवल ऑनलाइन पैसे कमाने के तरीकों के बारे में सबसे पूर्ण और विस्तृत जानकारी देख सकते हैं: यहाँ और देखें

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10 comments

Thabang Mokoena 11/02/2022 - 3:17 Chiều

Hertz, doesn't it

Reply
D Taylor 11/02/2022 - 3:17 Chiều

So, why don't you inform your subscribers of something new? All of your content is months old…..

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Som Som 11/02/2022 - 3:17 Chiều

Constantly bombarded with Americanised contents. Can we please have a British narrator/Voice over. That’s the least you can do. I consume frighteningly high American English and could do with a break.

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JASE THE ACE 11/02/2022 - 3:17 Chiều

The 3 reasons Hertz will thrive for 3 main reasons. 1 Teslas, 2 Teslas …… 3 Teslas

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Chris M 11/02/2022 - 3:17 Chiều

Great content, just causes a headache to watch

Reply
Jonh Sina 11/02/2022 - 3:17 Chiều

a1i7su

VUM.ONG

Reply
William Crosswhite 11/02/2022 - 3:17 Chiều

Car rental has always been a profitable business it was just poor business decisions that led to bankruptcy.

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Wj 11/02/2022 - 3:17 Chiều

Nice job Financial Times.

Short and concise to the point video.

Reply
IKEMEN Osaka-ben!【大阪弁】 11/02/2022 - 3:17 Chiều

Wow, I remember Hertz. I used to use it a lot. But yeah, ofc, during the pandemic, it must've been hard. It's inspiring to know that it has come out of bankrupcy. With our brain, we can achieve greatness.

Reply
M D 11/02/2022 - 3:17 Chiều

This company didnt bounce back from hard work of the new owners, but from unethical price gouging practises. In summer/fall 2021 Hertz increased rental prices by over 50% for no absolute reason and justified it as surge pricing due to demand, but never reduced it even in the non peak season (following that period). Just because they ran their company to the ground doesn't give them (the new owners trying to extract value) the right to price gouge people. Secondly their locations are franchises so there's is no quality control, meaning your experience varies location to location. Which also means if you book inside the franchise location the price is higher than if you booked it on the app/site/call center. As well not all locations accept hertz points, nor do they honor the upgrade your status offers you for free.

Supply and demand making prices go up is fine for some things (for example luxury goods whose production halted, but a rental car is like a power tool you rent at a hardware store. No matter how in demand it is it's rebtal price should never change)

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