Hertz surges after first profit in two years on fleet overhaul, cost cuts
PositiveFinancial Markets
Hertz has reported its first profit in two years, a significant milestone attributed to a comprehensive fleet overhaul and effective cost-cutting measures. This turnaround is crucial as it not only reflects the company's resilience in a challenging market but also signals a potential recovery for the rental car industry, which has faced numerous challenges in recent years. Investors are optimistic about Hertz's future, seeing this profit as a sign of stability and growth.
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