Car rental service Hertz has filed for Chapter 11 bankruptcy. Hertz has stated that:
The impact of COVID-19 on travel demand was sudden and dramatic, causing an abrupt decline in the Company’s revenue and future bookings
Hertz still has $1 billion cash on hand to support continuing operations and Hertz and it’s subsidaries are open and still serving customers.
 All reservations, promotional offers, vouchers, and customer and loyalty programs, including rewards points, are expected to continue as usual
This bankruptcy filing applies to it and certain of its U.S. and Canadian subsidiaries but international operating regions including Europe, Australia and New Zealand are not included. In addition franchised locations are not included in these proceedings.
