Fleet Strategy Success
Over 70% of the core U.S. RAC fleet is now 12 months old or newer, showcasing a successful fleet refresh strategy that positions Hertz to benefit from rising residual values.
Cost Management Improvements
Achieved nearly $100 million year-over-year improvement in total direct operating expense, with sequential improvement in BOE per day despite lower volumes.
Technological Partnerships
Partnerships with UVI for AI-powered vehicle inspections, Amadeus for advanced revenue management, and expanded AI capabilities enhance operational efficiency and customer experience.
Revenue Management System Overhaul
Engaged in a multiyear transformation of revenue management systems with Amadeus, expected to deliver incremental EBITDA and enhance margins.
Liquidity and Financial Strategy
Strong liquidity position at $1.2 billion, with strategic amendments to the revolving credit facility to extend maturity dates and maintain financial flexibility.