May 23, 2020, 4:39 am
Last edit by: FlyinHawaiian
Official Press Release - click here
Excerpts:
Excerpts:
- Hertz Global Holdings, Inc. (NYSE: HTZ) ("Hertz" or the "Company") ... announced it and certain of its U.S. and Canadian subsidiaries have filed voluntary petitions for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware.
- All customer and loyalty programs [are] expected to continue as usual
- Hertz's principal international operating regions including Europe, Australia and New Zealand are not included in [the] U.S. Chapter 11 proceedings. In addition, Hertz's franchised locations, which are not owned by the Company, also are not included in the Chapter 11 proceedings.
- All of Hertz's businesses globally, including its Hertz, Dollar, Thrifty, Firefly, Hertz Car Sales, and Donlen subsidiaries, are open and serving customers. All reservations, promotional offers, vouchers, and customer and loyalty programs, including rewards points, are expected to continue as usual.
Consolidated "Hertz Files for Chapter 11 Bankruptcy on May 22, 2020" Thread
Apr 29, 2020, 12:30 pm
#16
FlyerTalk Evangelist
Join Date: Sep 2007
Location: BOS
Programs: DL DM 2MM, Marriott LT Titanium, Hertz PC, Avis PC
Posts: 15,158
LOL, Hertz has tech issues way before the whole pandemic and economy shutdown... they just happened to make it worse with the new website interface.
Apr 29, 2020, 8:51 pm
#18
A FlyerTalk Posting Legend
Join Date: Sep 2009
Location: Minneapolis: DL DM charter 2.3MM
Programs: A3*Gold, SPG Plat, HyattDiamond, MarriottPP, LHW exAccess, ICI, Raffles Amb, NW PE MM, TWA Gold MM
Posts: 100,368
Apr 30, 2020, 8:08 pm
#20
Join Date: May 2003
Location: Bangkok, Thailand. No longer Palm Coast, FL though still exiled, again, from the Bay Area.
Programs: Only the good ones
Posts: 5,153
Don't worry, they'll still be here where we're ready to travel again. They probably had some of the 3500+ vehicles that burned at RSW on April 7th. I noticed they didn't do the usual Florida drive out for April thru June which I always enjoyed for a nice springtime drive up the east coast to visit my friends there. Reminds me of that joke about the two business owners complaining about how bad their businesses were. One said he had a fire in his warehouse that destroyed everything, but that the insurance company covered all his losses including rebuilding which would take a long time. The other said he had a flood, and that the insurance company settled right away and it was easy to get back up and running very soon. So, the first guy asked: How do you cause a flood?
Apr 30, 2020, 10:07 pm
#21
Join Date: May 2017
Programs: National EE, Hertz PC
Posts: 231
Don't worry, they'll still be here where we're ready to travel again. They probably had some of the 3500+ vehicles that burned at RSW on April 7th. I noticed they didn't do the usual Florida drive out for April thru June which I always enjoyed for a nice springtime drive up the east coast to visit my friends there. Reminds me of that joke about the two business owners complaining about how bad their businesses were. One said he had a fire in his warehouse that destroyed everything, but that the insurance company covered all his losses including rebuilding which would take a long time. The other said he had a flood, and that the insurance company settled right away and it was easy to get back up and running very soon. So, the first guy asked: How do you cause a flood?
May 1, 2020, 9:53 am
#22
Join Date: Jan 2009
Location: New York suburbs
Posts: 4,207
Don't worry, they'll still be here where we're ready to travel again. They probably had some of the 3500+ vehicles that burned at RSW on April 7th. I noticed they didn't do the usual Florida drive out for April thru June which I always enjoyed for a nice springtime drive up the east coast to visit my friends there. Reminds me of that joke about the two business owners complaining about how bad their businesses were. One said he had a fire in his warehouse that destroyed everything, but that the insurance company covered all his losses including rebuilding which would take a long time. The other said he had a flood, and that the insurance company settled right away and it was easy to get back up and running very soon. So, the first guy asked: How do you cause a flood?
May 1, 2020, 9:45 pm
#23
Join Date: May 2003
Location: Bangkok, Thailand. No longer Palm Coast, FL though still exiled, again, from the Bay Area.
Programs: Only the good ones
Posts: 5,153
Not 100% sure, but I believe only public liability is self-insured. If there is financing or a lease for the fleet, I imaging that insurance would be required, especially under most business insurance packages.
Last edited by rbAA; May 1, 2020 at 9:50 pm
May 1, 2020, 9:49 pm
#24
Join Date: May 2003
Location: Bangkok, Thailand. No longer Palm Coast, FL though still exiled, again, from the Bay Area.
Programs: Only the good ones
Posts: 5,153
I can't obviously, as if I leave Thailand now, I can't return before July 31st given the restrictions on foreigners returning.
Last edited by rbAA; May 1, 2020 at 9:54 pm
May 3, 2020, 3:40 pm
#25
Join Date: Jun 2007
Location: SBA & LAX
Programs: AA Lifetime Gold, BA Lifetime Blue, Marriott Gold, and many others
Posts: 1,152
If Hertz decides to take the route of bankruptcy, it will not be a total liquidation, it will be a reorganization under the protection of a bankruptcy court with all the protections afforded any other company. If that did happen it would be extremely foolish of them to dissolve their Hertz Rewards program. The previous members of that program would be snapped up by Avis and National very quickly in order to gain valuable market share.
May 3, 2020, 5:45 pm
#26
Join Date: Nov 2013
Location: BWI
Programs: Marriott LTT, WN A, Hertz PC
Posts: 573
I recently realized that since this pandemic started, I've received tons of emails from hotel chains, airlines, and other rental car companies that I'm a member of, but not one from Hertz. Not a big deal, but it seems like most of those other companies are trying to do some sort of damage control, but I haven't heard a peep from Hertz.
May 3, 2020, 7:29 pm
#27
Join Date: May 2003
Location: Bangkok, Thailand. No longer Palm Coast, FL though still exiled, again, from the Bay Area.
Programs: Only the good ones
Posts: 5,153
I recently realized that since this pandemic started, I've received tons of emails from hotel chains, airlines, and other rental car companies that I'm a member of, but not one from Hertz. Not a big deal, but it seems like most of those other companies are trying to do some sort of damage control, but I haven't heard a peep from Hertz.
May 4, 2020, 5:42 am
#28
Join Date: Aug 2018
Posts: 83
I recently realized that since this pandemic started, I've received tons of emails from hotel chains, airlines, and other rental car companies that I'm a member of, but not one from Hertz. Not a big deal, but it seems like most of those other companies are trying to do some sort of damage control, but I haven't heard a peep from Hertz.
May 4, 2020, 6:09 am
#29
Moderator: Hawaii-based airlines & Hawai'i forums
Join Date: Mar 2003
Location: Ka ʻĀpala Nui, Nuioka
Programs: NEXUS/Global Entry, Delta, United, Hyatt, IHG, Marriott, and Hertz
Posts: 18,028
I get the impression that a large number of staff associated with marketing and sales promotion/development were part of the layoffs last month. Back to the OP's question, I am redeeming as much of my points as I can for the few rentals that I have planned.
May 4, 2020, 6:46 am
#30
Join Date: Oct 2011
Location: CLT
Programs: Pre✓, Delta DM, Hilton LT Diamond, Mariott Plat, PC Gold, National EE, Hertz PC
Posts: 1,655
This headline caught my eye this morning.
Hertz(HTZ) – Hertz has until today to either pay $500 million dollars or obtain a waiver, according to a report in the New York Post. If it fails to do so, the report said the car rental company would likely file for bankruptcy within a matter of days.
Hertz(HTZ) – Hertz has until today to either pay $500 million dollars or obtain a waiver, according to a report in the New York Post. If it fails to do so, the report said the car rental company would likely file for bankruptcy within a matter of days.
