Reports Q1 revenue $2.1B, consensus $2.04B. “Fleet and direct operating costs weighed on this quarter’s performance,” said Gil West, Hertz chief executive officer. “We’re tackling both issues – getting to the right supply of vehicles at an acceptable capital cost while at the same time driving productivity up and operating costs down. These, along with creating a superior customer experience, will be our focus as we position ourselves to take advantage of strong travel demand in this transition year. We’ve put the right strategy in place, and I see a clear path for Hertz to generate sustainable and higher earnings for our shareholders.”
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