Hertz Global Holdings Inc. said it turned a profit for the third quarter as a continued rebound in leisure travel pushed its revenue higher.

The car-rental company Thursday posted net income attributable to Hertz of $605 million, compared with a loss of $222 million in the same period last year. Revenue rose about 76% to $2.23 billion.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Sacre bleu! Camembert and brie ‘on the verge of extinction,’ French scientists warn

CAMEMBERT, France — On a tiny farm tucked into the lush, green…

Navy retirees see cuts to monthly benefits, must repay $7M after system overpayment error

The federal government is attempting to recoup almost $7 million from more…

U.S. Households Headed Into 2021 on Firm Footing

U.S. households have money to spend but limited ways to spend it,…

Jan 6. commission finds racist conspiracy theory as link between extremist groups

Investigators for the House Jan. 6 committee are scrutinizing rallies and events…