Hertz tips

Spirit’s chief financial officer is resigning from the carrier and taking up the CFO role at Hertz.

Greg O’Hara founded the private equity firm Certares in 2012. It now has nearly $11 billion in assets. In 2014, Certares led a $900 million joint venture to buy half of American Express Global Business Travel, and to spin it out of American Express Co.

WHY IT RATES: One of the biggest car rental companies in the world unveiled a leadership shakeup.—Donald Wood, Breaking News Senior Writer.

Spirit Airlines has named Vice President and Controller Brian McMenamy as Interim Chief Financial Officer, effective June 14, 2024.

Good morning from Skift. It’s Thursday, December 8. Here’s what you need to know about the business of travel today.

Hertz has been a remarkable turnaround story of the pandemic, during which it went into a massive bankruptcy, came out of it under an investor group led by Knighthead Capital and Certares, and then went public a year ago.

Hertz is polishing its affordable car rental brands Dollar and Thrifty to help grow sales from more price-conscious business travelers.

Global car rentals rocketed during the end-of-year holiday break, with more than three times the amount of seven-day bookings compared to the 2019 winter holiday period.

Good morning from Skift. It’s Wednesday, February 8. Here’s what you need to know about the business of travel today.

Uber and Lyft are focusing on their loyalty programs, with new partnerships designed to keep members ordering cars, meals and groceries for longer periods of time.

Uber is extending the reservation period to pre-book rides from 30 days to 90 days to help boost its airport business.

Ride-sharing firm Lyft has appointed David Risher, a former Amazon and Microsoft senior exec, as its new CEO.

Car rental company Hertz’s corporate business has yet to recover to 2019 levels in the U.S.

It’s been a bad week for Hertz. And it could be just the first of many bad weeks to come.