Hertz: Car rental firm files for US bankruptcy protection - BBC News

Car rental company Hertz has filed for bankruptcy protection in the US after the pandemic saw its business plummet

The firm, which earns much of its income from car rentals at airports, said it had been affected by the sharp downturn in global travel

The company - which began operating a century ago in Chicago with a dozen Model T Ford cars - had already furloughed or laid off 20,000 employees, or around half of its global workforce, in response to the pandemic

"The impact of Covid-19 on travel demand was sudden and dramatic, causing an abrupt decline in the company's revenue and future bookings," Hertz said on Friday