Hertz has improved upon its financial results from last year by cutting costs, so that they re better aligned with demand.
Over the past few months, Hertz s business has also improved markedly, as more Americans get vaccinated, making them more comfortable with travel, at least within the United States. This quarter we realized the first effects of the leisure travel rebound and capitalized on strong demand-driven pricing in destination markets that exceeded 2019 levels, said Paul Stone, Hertz Global s president and CEO, in a statement. We re continuing to see improved demand and are optimistic about a sustained recovery.
With that optimism, Hertz is working aggressively to replenish its fleet, despite the constraints of the global semiconductor shortage and its impact on the automotive supply chain, Stone said.
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HAMILTON, Bermuda, May 7, 2021 /PRNewswire/ Athene Holding Ltd. ( Athene ) (NYSE: ATH), a leading financial services company specializing in retirement solutions, today announced financial results for first quarter 2021. The full earnings release, financial supplement, and earnings presentation are available on the ir.athene.com website.
Jim Belardi CEO of Athene said, In the first quarter, we demonstrated superb execution on both sides of the balance sheet, with strong organic growth and asset outperformance combining to drive record profitability. Athene generated $8.2 billion of gross organic inflows, marking our second-highest quarterly total ever. In addition, our Alternative investment portfolio generated record income, showcasing the advantages of our differentiated approach to investing in this asset class. Our record quarterly adjusted operating income drove Athene s adjusted book value to new heights, continuing an upward climb
Hertz Global Holdings Reports First Quarter 2021 Financial Results
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ESTERO, Fla., May 7, 2021 /PRNewswire/ Hertz Global Holdings, Inc. (OTCPK:HTZGQ) ( Hertz Global or the Company ) today reported results for its first quarter 2021 with revenue of $1.3 billion, net income attributable to the Company of $190 million and Adjusted Corporate EBITDA of $2 million. Liquidity at the end of the first quarter was $1.1 billion. This quarter we realized the first effects of the leisure travel rebound and capitalized on strong demand-driven pricing in destination markets that exceeded 2019 levels, said Paul Stone, Hertz Global s President and Chief Executive Officer. We re continuing to see improved demand and are optimistic about a sustained recovery. We re actively replenishing our fleet, despite the constraints of the global semiconductor shortage and its impact on the automotive supply chain. Most importantly, I m exceptionall