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Stock impact report

Hertz, Avis Soar as Rental Demand Surges on Airport Chaos [Yahoo! Finance Canada]

Hertz Global Holdings, Inc (HTZ) 
Last hertz global holdings, inc earnings: 2/24 04:05 pm Check Earnings Report
US:NYSE Investor Relations: ir.hertz.com
into car-rental companies on bets the disruption will push more people onto the road. Hertz Global Holdings Inc. ( HTZ ) shares rose about 9.2% on Thursday, while Avis Budget Group Inc. ( CAR ) surged 13% for its biggest one-day gain since June, as chaos at US airports drove optimism that more travelers would rent cars instead. Traffic to Hertz's website jumped about 15% this week as customers looked for ways around air-travel disruptions. The company has been promoting discounts on last-minute reservations and one-way rentals. “As check-in lines grow at airports, car rental companies should see a bump as travelers look for alternatives to air travel,” said Dec Mullarkey, managing director at SLC Management. If TSA funding is restored and airport delays ease, those gains “may get unwound,” he said. “But anything that's booked will likely stay in place.” Thursday's rally capped an already strong month for Avis. The stock has climbed about 43% in March, putting it on track for i Show less Read more
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