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Car-rental ridership is plunging amid the Covid-19 pandemic and the broad economic pullback, touching off a cash burn at Hertz.....»»

The New York-based retailer had already been struggling under a heavy debt load and a sales slump amid criticism it fell out of touch with its once-loyal customers. The coronavirus pandemic has worsened its woes.....»»

Shares of Hertz Global Holdings Inc. fell late Monday after the car rental company posted a wider-than-expected first-quarter loss, saying that results were "significantly impacted by COVID-19 pandemic." Hertz said it lost $356.....»»

A precipitous decline in car sales amid the deadly coronavirus pandemic has caught the attention of Capitol Hill, where some lawmakers are issuing early calls for Congress to authorize new aid to the auto industry......»»

A precipitous decline in car sales amid the deadly coronavirus pandemic has caught the attention of Capitol Hill, where some lawmakers are issuing early calls for Congress to authorize new aid to the auto industry......»»

The Real Estate Board of New York is calling on the federal government to launch an emergency rental assistance program that would help both tenants and property owners fighting financial ruin during the coronavirus pandemic. â.....»»

The Houston-based contract driller said it sought chapter 11 protection after the downturn in the offshore-drilling industry "worsened precipitously" because of the oil-price war between the OPEC countries and Russia along with the COVID-19 pandemic......»»

Hertz Global Holdings Inc is working with debt restructuring advisers to explore options for shoring up its finances after the coronavirus pandemic killed demand for car rentals, people familiar with the matter said on Thursday......»»

The travel industry is struggling as Americans stay at home during the pandemic......»»

U.S. car rental company Hertz Global Holdings Inc said on Monday it plans to lay off 10,000 employees across its North America operations to cut costs amid the economic fallout of the COVID-19 pandemic......»»

The coronavirus pandemic forced it to temporarily shut all 43 of its Neiman Marcus locations and furlough many of its roughly 14,000 employees......»»

The restaurant industry was among the first sectors to be hit hard by the coronavirus and will be among the last to fully recover. .....»»

The restaurant industry was among the first sectors to be hit hard by the coronavirus and will be among the last to fully recover. read more.....»»

Aerospace giant is pushing to control costs as aviation industry struggles with pandemic.....»»

Rental car giant Enterprise Holdings said Monday it has furloughed an undisclosed number of employees, as the travel industry is decimated by the coronavirus pandemic. The move, affecting employees across corporate and field operations, is in plac.....»»

Commercial real estate experts agree it’s too early to tell how or when vulnerabilities will come to the fore as the global economy implodes under the strains of the COVID-19 pandemic, but what’s clear is the dominoes are in motion......»»

Hyatt Hotels announced furloughs and pay cuts as the hotel industry reels from the coronavirus pandemic. Marriott and Hilton have also d.....»»

How Property Management Entrepreneurs In The Rental Area Can Stay Ahead of Coronavirus The travel industry is bearing the brunt of the COVID-19 pandemic. International... The post Short-term rentals in the time of social.....»»

Oregon stands to lose more than 13,300 hotel jobs to the coronavirus pandemic by early April, according to new estimates from Britain-based Oxford Economics. Upwards of 46,600 jobs tied to the hotel industry — including direct hotel operations, gu.....»»

The long goodbye for America’s most iconic retai.....»»