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25 Dec 2025 8:44
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      Home > News > Business

    Rental car company Hertz has filed for bankruptcy, unable to withstand the COVID-19 pandemic that has crippled global travel

    Rental car company Hertz has filed for bankruptcy, unable to withstand the COVID-19 pandemic that has crippled global travel


    The Florida-based company's lenders were unwilling to grant it another extension on its auto lease debt payments past a Friday deadline, triggering the filing in US Bankruptcy Court.

    Starting in mid-March, the company lost all revenue when travel shut down because of the pandemic, and it started missing payments in April.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     25 Dec: US and Ukraine reach consensus on key issues to end war with Russia but territorial disputes remain
     24 Dec: Disappointment for retailers this Christmas Eve - as shoppers appear to be feeling the pinch
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     24 Dec: Pressure builds on Milano Cortina organisers amid climate concerns and funding issues
     24 Dec: Scepticism about a free trade agreement with India, less than a year out from the election
     24 Dec: A jury's ordered US pharmaceutical giant Johnson and Johnson to pay more than 2.5 billion dollars - to a woman who blamed it for causing her cancer
     24 Dec: This year's Christmas spread could cost a bit more to put on tomorrow
     Top Stories

    RUGBY RUGBY
    All Blacks prop Ofa Tu'ungafasi is embracing his role as a locker room leader for the Blues More...

    BUSINESS BUSINESS
    US and Ukraine reach consensus on key issues to end war with Russia but territorial disputes remain More...


     Today's News

    		 Golf:
    Kiwi golfer Ryan Fox is reflecting on his breakthrough year 8:37

     Rugby:
    All Blacks prop Ofa Tu'ungafasi is embracing his role as a locker room leader for the Blues 8:37

     Entertainment:
    Travis Kelce has hinted at prolonging his NFL career by another season 8:20

     Accident and Emergency:
    Two people have been badly injured after a car crashed into a tree in Tolaga Bay, north of Gisborne, early this morning 8:17

     Living & Travel:
    Gaza's remaining Christians mark Christmas with subdued celebrations 7:57

     Health & Safety:
    A major study of middle-aged Cantabrians' health is entering a new phase 7:57

     Entertainment:
    Amanda Seyfried thinks Sydney Sweeney is a "sweetheart" 7:50

     International:
    These young men fled Ukraine, but found a Europe far less welcoming 7:47

     Environment:
    Aucklanders could be spared from the rain this Christmas despite earlier forecasts 7:47

     Law and Order:
    Two people are injured after a stabbing in Ngaruawahia, north of Hamilton, overnight 7:37

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