In the fiscal year of 2020, the Hertz produced net loss amounting to about 1.8 billion U.S. dollars. The company's business model was jeopardized by the coronavirus pandemic and filed for bankruptcy in May 2020.
The large deficit in net income was caused by a large decline in global travel as a result of the COVID-19 pandemic. Numerous countries implemented regulations and restrictions relative to internal travel aimed at curbing the spread of the virus.
Hertz Global Holdings Inc.'s net income or loss from FY 2011 to FY 2020
(in million U.S. dollars)
The company's fiscal year ends December 31.
According to the source, 2011 figures include the results of Donlen, 2012 figures include the results of Dollar Thrifty; some figures were restated in the 2014 Annual Report for various reasons, including a change in accounteing principle and misstatements associated with pre-tax estimations.
The figures for FY 2011 to FY 2014 were taken from previous annual reports.
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Hertz. (February 26, 2021). Hertz Global Holdings Inc.'s net income or loss from FY 2011 to FY 2020 (in million U.S. dollars) [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/470775/net-income-or-loss-of-hertz-global-holdings/
Hertz. "Hertz Global Holdings Inc.'s net income or loss from FY 2011 to FY 2020 (in million U.S. dollars)." Chart. February 26, 2021. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/470775/net-income-or-loss-of-hertz-global-holdings/
Hertz. (2021). Hertz Global Holdings Inc.'s net income or loss from FY 2011 to FY 2020 (in million U.S. dollars). Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/470775/net-income-or-loss-of-hertz-global-holdings/
Hertz. "Hertz Global Holdings Inc.'s Net Income or Loss from Fy 2011 to Fy 2020 (in Million U.S. Dollars)." Statista, Statista Inc., 26 Feb 2021, https://www-statista-com.ezproxy.canberra.edu.au/statistics/470775/net-income-or-loss-of-hertz-global-holdings/
Hertz, Hertz Global Holdings Inc.'s net income or loss from FY 2011 to FY 2020 (in million U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/470775/net-income-or-loss-of-hertz-global-holdings/ (last visited September 20, 2024)
Hertz Global Holdings Inc.'s net income or loss from FY 2011 to FY 2020 (in million U.S. dollars) [Graph], Hertz, February 26, 2021. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/470775/net-income-or-loss-of-hertz-global-holdings/