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Hertz (HTZ) To Serve Lufthansa Passenger, Renews Partnership

Published 06/15/2017, 09:09 PM
Updated 07/09/2023, 06:31 AM

Hertz Global Holdings Inc. (NYSE:HTZ) has renewed its long standing global partnership agreement with Lufthansa, the founder member of Star Alliance and a leading European airline. The agreement, which was initially signed in 2013, has provided significant ease and exclusive gains to Lufthansa.com passengers who opt to rent Hertz vehicles worldwide.

Lufthansa provides services to both business and leisure travel customers through its global web portal Lufthansa.com in over 83 countries and in twelve languages.

Coming back to the deal, this renewal will enable Lufthansa passengers to continue enjoying the attractive car rental offers from Hertz apart from availing the special discounts and new exclusive benefits. Furthermore, this collaboration will benefit members of Lufthansa's frequent flyer program Miles & More as they will earn a minimum of 500 miles on Hertz rentals. Also, Miles & More members who enroll for Hertz's complimentary loyalty program Gold Plus Rewards, will gain from quicker rentals, extra perks and matching their status with Gold Plus Rewards' equivalent tiers.

Hertz’s partnership with Lufthansa's Miles & More is not new either. The company has been associated with Miles & More for over 23 years now, offering special discounts and award miles on car rentals to its 25 million members. Not only this, Hertz 24/7 has been serving the Lufthansa CarPool, which is a fleet of car sharing technology enabled vehicles for Lufthansa's employees in Berlin, Frankfurt, Hamburg and Munich.

Additionally, Hertz acts as Lufthansa's exclusive partner for corporate car rental services for the airline's employees globally along with providing car rental vehicles for customers and crew in case of flight disruptions.

Hertz closed at $9.55 yesterday, down 7.6%. This Zacks Rank #5 (Strong Sell) stock has a dismal price performance history, which is evident from its underperformance of the Zacks categorized Transportation – Services industry. Hertz has plunged 55.7% year to date, compared with the industry’s growth of 10.3%.



Stocks to Consider

Better-ranked stocks in the same industry include Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) , sporting a Zacks Rank #1 (Strong Buy), Matson Inc. (NYSE:MATX) and NORTHGATE PLC NGTEF, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Grupo Aeroportuario has surged 39.7% year to date. Moreover, the company has a long-term EPS growth rate of 4.4%.

Matson has a long-term EPS growth rate of 5%. Also, the company has seen positive estimate revisions in the last 60 days.

NORTHGATE has a long-term EPS growth rate of 5%. Further, the company’s estimates for the current fiscal have witnessed an uptrend in the last 60 days.

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Grupo Aeroportuario del Sureste, S.A. de C.V. (ASR): Free Stock Analysis Report

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Hertz Global Holdings, Inc (HTZ): Free Stock Analysis Report

NORTHGATE PLC (NGTEF): Free Stock Analysis Report

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