The rental-car sector takes deep blows due to the COVID-19 crisis

The rental-car sector takes deep blows due to the COVID-19 crisis

Jun 03, 2020

120 Views

0 comments

Ride-sharing and car-rental services have taken a bashing due to the coronavirus pandemic. Avis Budget Group Inc reported a net loss to the tune of $158 million in the first quarter alone. One of the first implications of the pandemic was stay at home orders which have been in place since March. With no takers for travel outside or within cities, the car rental industry has witnessed a 9 per cent fall in revenue which is expected to fall further. 

Previous days news

Comments

    Others news
    Article
    Are 4 day work weeks the future?

    Robert Owen, a Welsh textile mill owner, social reformer, and labor activist came up with a slogan ...

    Tips for Staffing Agencies to Create a Competitive Advantage

    Today, it is a $174 Billion industry and one of the leading B2B businesses in the US. Whenever HR p ...

    A complete breakdown of the US Commercial Drivers Licenses

    In the United States of America to operate any type of large automobile, you need a license. This i ...

    A Guide for HR Professionals to Ensure Diversity and Inclusivity at Workplace

    One of the key responsibilities of HR teams is to ensure a diverse workplace and manage it effectiv ...

    Show more news