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Hertz, Avis Ask to Be Included in Rescue of Travel Industry

  • Companies may be hit harder by virus than airlines: Hertz CEO
  • In letter to Treasury secretary, CEOs warn of ‘grave harm’
A Hertz Global Holdings Inc. Location Ahead Of Earnings Figures
Photographer: Martina Albertazzi /Bloomberg
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Hertz Global Holdings Inc., Avis Budget Group Inc. and Enterprise Holdings Inc. have asked the Treasury Department to include their industry in federal plans to rescue U.S. travel companies ravaged by the coronavirus.

The three companies’ chief executive officers made the request in a letter addressed to Treasury Secretary Steven Mnuchin on Wednesday. They described their industry as critical to U.S. transportation infrastructure and warned they will “sustain grave harm” as airlines pare back service amid efforts to contain the spread of Covid-19.