“We’re running our fleet very hot and we are very efficient in how we use our assets,” said Stephen Scherr, CEO of Hertz, in an interview.
Hertz had an average 82 percent of its fleet out for rental during the second quarter, up three percentage points from a year ago. Given the rebound in travel, Scherr said the company should be able to get that rate closer to 90 percent.
The company’s share price fell 7.5 percent to $16.59 as