Hertz Global Holdings, Inc (HTZ) Q2 2026 Earnings Call

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WEBVTT 00:00:00.091 -- 00:00:02.233 Good morning, everyone, and thank you for joining us. 00:00:02.233 -- 00:00:05.795 I want to begin by saying thanks to the Hertz team. 00:00:05.795 -- 00:00:10.819 Quarter after quarter, their discipline and execution are what turn strategy 00:00:10.819 -- 00:00:16.123 into results. We are halfway through 2026, and it's been more than two years 00:00:16.123 -- 00:00:22.007 since I stepped into this role. In that time, I had the chance to get into 00:00:22.007 -- 00:00:27.411 the detail of every part of this business, the fleet, the operations, and the economics 00:00:27.411 -- 00:00:32.773 that drive them. What's become clear is that this transformation is about both 00:00:32.773 -- 00:00:37.537 fixing what wasn't working and building for what's next. 00:00:37.537 -- 00:00:42.741 We've done that under real pressure. Over these two years, we've navigated 00:00:42.741 -- 00:00:49.006 tariffs, vehicle recalls, inflation, partial government shutdown, 00:00:49.006 -- 00:00:54.410 elevated TSA wait lines, and storm disruptions on top of the normal volatility 00:00:54.410 -- 00:00:56.581 of the rental car industry. 00:00:56.581 -- 00:01:00.864 None of it has changed our approach. We're staying focused on what we can control. 00:01:00.864 -- 00:01:06.949 Our fleet, our cost, our revenue performance, and the customer experience we deliver. 00:01:06.949 -- 00:01:12.213 Through disciplined execution, we're building a financial footing strong enough 00:01:12.213 -- 00:01:16.477 to withstand whatever pressures today and tomorrow bring. 00:01:16.477 -- 00:01:22.021 We're both running our core rental business better and building a platform 00:01:22.021 -- 00:01:27.473 spanning rent-a-car, fleet, service, and mobility that diversifies 00:01:27.473...