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http://www.breakingtravelnews.com/news/article/us-recovery-sees-losses-narrow-at-hertz/

Travel & Places: US recovery sees losses narrow at Hertz

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Gifted submitted 2010/2/26 10:34, published 2010/2/26 10:34 | 265 views
Tags: losses, recovery, US, Hertz

http://www.breakingtravelnews.com/news/article/us-recovery-sees-losses-narrow-at-hertz/

Car rental giant Hertz Global Holdings has seen losses narrow significantly over the fourth quarter of financial year, following a recovery in the key US car rental market and a cost cutting drive.

While the New Jersey based organisation reported a net loss of $30.9 million (£19 million) for the quarter, this compares to a $1.21 billion (£0.8 billion) loss for the same period a year ago.

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