U.S. car rental giant Hearts’ bankruptcy affects Corona’s travel restrictions

U.S. car rental giant Hearts bankruptcy Corona travel restrictions affectmay 23 14:00

In the United States, where the spread of the new coronavirus has greatly reduced human mobility, car rental giant Hertz filed for federal bankruptcy law, which is the civil rehabilitation law in Japan, and went bankrupt.
According to the announcement, American car rental giant Hertz Global Holdings filed a bankruptcy bankruptcy with a court on Tuesday, applying to the Federal Bankruptcy Act, which is the civil rehabilitation law of Japan. The total amount of debt is expected to be approximately 2 trillion yen in Japanese yen.

In the United States, there is no shortage of cars to travel around the country, and since many people rent cars at the airport, almost every airport in the United States has a rental car base, and Hertz is the largest of them.

However, the spread of the new coronavirus has limited human mobility, significantly reducing air demand, and car rental companies have lost their main source of income, making it difficult to maintain vehicles and bases, and management is rapidly deteriorating.

According to the company, after securing new funds, sales will continue as before, but they are under pressure to make tough management, such as deciding to cut 20,000 jobs, which is half of north America’s workforce.