Hertz Files for Bankruptcy After Rental-Car Demand Vanishes

Hertz Global Holdings Inc. filed for bankruptcy in Delaware after sweeping travel restrictions and the global economic collapse destroyed demand for its rental cars. The Chapter 11 filing allows the company to keep operating while it devises a plan to pay its creditors and turn around the business. The second-largest U.S car-rental company began laying off workers to preserve cash […]

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Delta Resumes Paris, Cancun Flights in Hint of Improving Demand

Delta Air Lines Inc. plans to restore 100 flights in June, providing a hint that travel demand may be poised to inch up after almost disappearing because of the coronavirus pandemic. The additions — including flights from New York to Paris, and from Atlanta to Cancun — are based on “customer demand,” federal health guidelines and government travel restrictions, Delta […]

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