Hertz Global Holdings on Wednesday said it would report its
fourth consecutive quarter of year-over-year revenue growth when it announces
third-quarter earnings in November, boosted by an 11 percent increase in its
U.S. car rental business.
Hertz chairman and CEO Mark Frissora said in a statement
that the company has benefited from "higher than forecasted efficiency
improvements, including lower fleet costs, as well as stronger pricing and
demand in the U.S. and Europe car rental businesses."
Frissora said he expected corporate demand to continue to
grow across Hertz's largest markets in the fourth quarter of this year. He also
said he expected business to increase in Hertz's off-airport locations as well
as its low-cost Advantage brand, although leisure demand typically is down in
the fourth quarter.
Hertz issued its outlook as part of increased profit
projections for the year released on Wednesday.