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Hertz Hertz Global Holdings Reports Strong Second Quarter 2021 Financial Results August 9 , 2021 - Total revenues of $ 1.9 billion up 62 % from first quarter 2021 , excluding Donlen revenues - Net loss of $ 168 million including $ 633 million of reorganization expenses - Adjusted Corporate EBITDA of $ 639 million for the quarter was a Company record - Corporate liquidity of $ 3.0 billion at June 30 , 2021 , including $ 1.8 billion of unrestricted cash , compared to $ 1.1 billion at first quarter - end - Hertz emerged from Chapter 11 on June 30 , 2021 as a well - capitalized company with the flexibility and resources to pursue exciting new growth opportunities -- ESTERO , Fla . , Aug. 9 , 2021 / PRNewswire / Hertz Global Holdings , Inc. ( OTCPK : HTZZ ; OTCPK : HTZZW ) ( " Hertz Global " or the " Company " ) today announced financial results for the second quarter of 2021 . For the second quarter 2021 , the Company generated total revenues of $ 1.9 billion reflecting strong leisure travel demand coupled with tighter fleet inventory . Adjusted Corporate EBITDA was $ 639 million resulting in a 34 % margin . The improvement resulted from strong revenues , efficient fleet management and over $ 400 million of structural , and recurring , cost reduction . The Company generated a net loss of $ 168 million or $ 1.05 loss per share , which included $ 633 million of reorganization expenses . " Hertz delivered an outstanding second quarter as travel continued to rebound , " said Paul Stone , Hertz Global's President and Chief Executive Officer . " With resurgent demand and tight supply across the industry , we remained agile in managing our fleet to meet customers ' needs . At the same time , we benefited from the important operational and financial improvements we made through our restructuring process . Our improved financial position and capital structure give us the flexibility and resources to build upon our strengths and capitalize on accelerating momentum in the quarters ahead . " " We are optimistic about a sustained recovery and travel rebound . We are carefully managing our fleet accordingly to deliver superior customer experience while optimizing profitability , " Mr. Stone continued . Hertz Global emerged from its Chapter 11 process on June 30 , 2021 as a well - capitalized company with the flexibility and resources to pursue exciting new growth opportunities . The Company anticipates a re - IPO , which includes hosting an investor roadshow and relisting on a major exchange by year - end 2021 . AMERICAS RENTAL CAR ( " AMERICAS RAC " ) SUMMARY Americas RAC ( $ in millions , except where noted ) Total revenues 2021 $ 1,643 $ 543 $ 1,849 Three Months Ended June 30 , 2020 Percent Percent Inc / ( Dec ) Inc / ( Dec ) 2021 vs. 2021 vs. 2019 2020 NM 2019 ( 11 ) % Adjusted EBITDA Adjusted EBITDA Margin $ 664 $ ( 485 ) $ 166 40 % ( 89 ) % NM NM 9 % Average Vehicles ( in whole units ) Vehicle Utilization Transaction Days ( in thousands ) Total RPD ( in whole dollars ) Total RPU Per Month ( in whole dollars ) 350,122 517,973 575,172 78 % ( 32 ) % ( 39 ) % 28 % 24,992 13,321 42,593 $ 65.42 $ 37.95 81 % 88 % ( 41 ) % $ 42.71 72 % 53 % $ 1,557 $ 325 Depreciation Per Unit Per Month ( in whole dollars ) $ $ 1,054 76 $ 270 $ 245 NM 48 % ( 72 ) % ( 69 ) % NM - Not meaningful Americas RAC second quarter 2021 revenues reflect upward pricing trends due to continued positive momentum in domestic travel combined with industry - wide fleet constraints . Americas RAC Adjusted EBITDA of $ 664 million and margin of 40 % reflect the impact of demand - driven pricing , strong residual values , disciplined fleet management and the Company's leaner cost structure . INTERNATIONAL RENTAL CAR ( " INTERNATIONAL RAC " ) SUMMARY International RAC Three Months Ended June 30 , ( $ in millions , except where noted ) 2021 2020 2019 Percent Percent Inc / ( Dec ) Inc / ( Dec ) 2021 vs. 2021 vs. 2020 2019 Total revenues $ 230 $ 125 $ 495 84 % ( 54 ) %