Why Carl Icahn’s Hertz near bankruptcy while rival Avis stays afloat

Carl Icahn’s Hertz — once considered the gold standard of car rental companies — is sputtering on the side of the road while its closest rival, Avis, is positioned to ride out the coronavirus storm. The 102-year-old Hertz told shareholders last week that it had missed a debt payment tied to its 500,000 fleet amid a… Continue reading at New York Post