Operating income hasn’t covered interest expense since 2015 and the total debt continues to soar.The competition has been pressuring revenue since 2013 and is only getting stronger. 2018 used-vehicle values were as good as it’s going to get. Airline passenger volume falls during recessions and 68% of Hertz’s revenue comes from airport locations.
https://www.zerohedge.com/news/2019-03-07/hertz-one-recession-away-bankruptcy
