Pubblicato in: Commercio, Devoluzione socialismo, Stati Uniti

Hertz dichiara bancarotta in Usa e Canada.

Giuseppe Sandro Mela.

2020-05-23.

Hetz Autonoleggio 013

The Hertz Corporation aveva a fine 2018 un fatturato di 9.504 miliardi Usd, 38,000 dipendenti diretti e circa 30,000 punti commerciali.

La sua situazione era già precaria, avendo 19 miliardi Usd di debiti e 14.4 miliardi Usd relativi al parco macchine.

«Hertz filed for bankruptcy Friday night after failing to reach an agreement with lenders»

«Hertz has around $19 billion in debt, including $4.3 billion in corporate bonds and loans as well as $14.4 billion of debt backed by their vehicles»

«The car-rental business has been decimated as the pandemic has ground travel to a halt»

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Il lockdown ha generato una moria di attività produttive e commerciali.

Il discorso sarebbe molto complesso, ma alcune considerazioni potrebbero essere azzardate.

– Una società con un totale di 33 miliardi Usd di debiti contro un fatturato di 9.5 miliardi è già sull’orlo del fallimento. È solo questione di tempo.

– Il lockdown ha comportato la messa in crisi di tutte quelle attività che già marciavano sul filo del rasoio. Se sicuramente il dramma umano legato ad un fallimento è grande, da un altro punto di vista l’epidemia ha svolto un ruolo benefico nel bonificare il quadro economico dalle realtà non più produttive.

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Hertz dichiara bancarotta in Usa, Canada.

Società in crisi causa coronavirus, escluse attività in Europa.

Il colosso mondiale dell’autonoleggio Hertz, in crisi per le conseguenze del coronavirus, ha presentato istanza di fallimento negli Stati Uniti e in Canada. Lo ha annunciato la società in una nota.

“L’impatto di COVID-19 sulla domanda di spostamento è stato improvviso e drammatico, causando un brusco calo delle entrate dell’azienda e delle prenotazioni future”, ha dichiarato in un comunicato stampa. Nel deposito del ‘chapter 11’ negli Stati Uniti non sono incluse le attività operative in altre aree, tra cui Europa, Australia e Nuova Zelanda.

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Hertz files for bankruptcy as the coronavirus pandemic crushes the car-rental industry.

– Hertz filed for bankruptcy Friday night after failing to reach an agreement with lenders, The Wall Street Journal first reported Friday.

– Hertz has around $19 billion in debt, including $4.3 billion in corporate bonds and loans as well as $14.4 billion of debt backed by their vehicles, according to The Journal.

– The car-rental business has been decimated as the pandemic has ground travel to a halt, forcing Hertz’s CEO to resign as the company missed lease payments and laid off 10,000 workers last month.

– Hertz’s stock plunged in after-hours trading following the news.

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Car-rental giant Hertz filed for bankruptcy Friday night after it was unable to reach an agreement with its biggest lenders, The Wall Street Journal first reported.

Hertz filed for Chapter 11 protections in the U.S. Bankruptcy Court in Wilmington, Delaware, making it one of the largest corporate casualties of the coronavirus pandemic’s widespread economic fallout as travel restrictions decimate the rental car industry.

The company did not immediately respond to a request for comment.

Hertz has around $19 billion in debt, which includes roughly $4.3 billion in corporate bonds and loans as well as $14.4 billion of debt backed by the company’s fleet of vehicles, and lenders had asked the company for upfront payment on some of those obligations but couldn’t get it to agree, according to The Journal.

Hertz’s business had already been struggling even before the pandemic as it tried to fend off competition from other rental agencies as well as ride-hailing businesses like Uber and Lyft.

In April, as travel ground to a halt, it laid off 10,000 workers — roughly 26% of its total workforce — and even put at least 20 identical yellow Corvette Z06s up for sale online at a steep discount as it tried to preserve cash.

CEO Kathryn Marinello resigned last Saturday, and the company’s board of directors named Paul Stone, who previously served as the company’s executive vice president and chief retail operations officer for North America, to step in for Marinello.

Hertz, whose parent company, Hertz Global Holdings Inc., also owns rental brands Dollar and Thrifty, had said in a regulatory filing in April that it was considering seeking bankruptcy protections after it “did not make certain payments” on its operating lease. Hertz said it “could be materially and negatively impacted” if discussions with lenders to reduce those payments weren’t fruitful by the first week of May.

Hertz’s stock dropped by as much as 50% in after-hours trading following the The Wall Street Journal’s initial report that the company would file for bankruptcy on Friday night.