Avis Budget Group did "see a pullback" in first-quarter commercial demand, executives said on a Thursday earnings call, as revenue declined about 5... KEEP READING

Billionaire Bill Ackman's Pershing Square Capital Management has purchased more than 12.7 million shares of Hertz Global Holdings stock, according to a... KEEP READING

Hertz Corp. has completed the analysis of a data breach involving Cleo Communications U.S., a Hertz vendor that provides a file transfer platform,... KEEP READING

President Donald Trump has nominated Republic Airways president and CEO Bryan Bedford as administrator of the U.S. Federal Aviation Administration, the... KEEP READING

U.S.-based luxury car rental company Go Rentals on March 7 added its content to the three main global distribution systems—Amadeus, Sabre and... KEEP READING

Germany-based car rental company Sixt's full-year consolidated revenue in 2024 exceeded €4 billion for the first time, representing a 10.5 percent... KEEP READING

Hertz is in the midst of a fleet rotation that includes a significant selloff of vehicles, which it expects to be completed by the end of 2025, Hertz... KEEP READING

Outgoing Avis Budget Group CEO Joe Ferraro on a Wednesday earnings call defended the company's decision to significantly accelerate its fleet rotation... KEEP READING

Issued U.S. passports with "X" gender designations will remain valid until expiration, although no more passports will be issued with that designation,... KEEP READING

Avis Budget Group has named former ABG CFO Brian Choi as its new CEO, effective July 1. Current CEO Joe Ferraro, who has been with the company for... KEEP READING