Hertz Q3 Up On Stronger Travel Demand

October 31, 2012

Bookmark and Share

Car rental company Hertz reported higher quarterly profit on strong travel demand and backed its 2012 outlook.

Third-quarter net income attributable to the company rose to USD$242.9 million, from USD$206.7 million a year earlier.

Revenue rose more than 3 percent to USD$2.51 billion.

The car rental industry, tied closely to airline traffic and hotel bookings, has seen demand strengthening due to recovering business and travel in the United States.