Hertz Q1 revenue rises 24 percent on quick lucrative Dollar Thrifty integration
Skift Take
Car rental revenue and daily rates climbed in the U.S. in the first quarter as consolidation, such as Hertz's Dollar Thrifty acquisition, lightened the competitive dynamics.
Hertz Global Holdings Inc. posted a first-quarter profit on Monday after losing money a year earlier, as rental revenue rose driven by its acquisition of Dollar Thrifty last year.
The car-rental company's adjusted profit and revenue were better than analysts had been expecting.
The company earned $18 million, or 4 cents per share, for the qua
