Hertz will provide free condominium vehicles to healthcare people to help
a lot of employees who want to help and we also happen to have a lot of cars not on rent. Because of the immediate impact on travel and mobility matters you know and these times. The prices are critical and we have a lot of cars available. So we're starting with health care workers. Who truly are at the front line of this crisis doing good work and we're going right to New York City. Where it's the epicenter of the coronavirus cases and you know as most many people know. There's low car ownership in New York and there's an increasing concern with people using public transportation. So we're providing free rentals to New York City healthcare workers through April and we're also providing cargo vans to hospitals to help them with supplies and just today.
We already have cargo vans with Mount Sinai Hospital and they' transporting ventilators and they're telling us that. We are literally helping them to save a life so this is just the start. We'll continue to see ways that. We can help during this crisis we are an essential service out there. We still have thousands of employees providing critical transportation.
Where they need in and when they need it to FEMA workers. Government workers health care workers across the country we even when students had to get home we changed our policy. We let eighteen-year-olds rent cars with debit cards and we got them home you know. So they could shelter in place. it's great to work and we commend you for doing it. Obviously an important service I'm wondering if you can tell us a little bit about. The overall business through and what you're seeing right now. With travel in this country essentially grinding to a halt is there any actual demand for rental cars.
Well you know as I mentioned there are still critical needs of
transportation around the country and we still do have thousands of people. You know providing service and making sure people you know to get the cars or the vans or the trucks that they need. However, like the rest of the global travel sector, it's had a huge impact on her. It happened quickly and we had a very definitive reversal and customer demand.
It's been significant the hard part for us is. We came into the year really strong and then in March. Cities around the world started shutting down airline travel decreased. You know dramatically pretty much overnight we've had tons of cancellations and a decline. in forward bookings you know one wonderful go ahead. About how the government bill can help you and whether you can get government. Assistance is that something you're considering that could be necessary and alternatively.
There's also been talk on some of the analyst notes about whether your industry can consolidate a little bit is that something you're considering. Well, what first and foremost we've been aggressively getting out of our fleet managing cost and reducing our capital. Expenditures things that are directly in our control at the same time yes we have engaged with the US and Europe. Governments and we are seeking financial support to help the industry get through. This critical period I haven't gotten the response back so I don't have an update on that though you know. I think as you know we have a great brand and we provide great service out there and in fact.
a lot of employees who want to help and we also happen to have a lot of cars not on rent. Because of the immediate impact on travel and mobility matters you know and these times. The prices are critical and we have a lot of cars available. So we're starting with health care workers. Who truly are at the front line of this crisis doing good work and we're going right to New York City. Where it's the epicenter of the coronavirus cases and you know as most many people know. There's low car ownership in New York and there's an increasing concern with people using public transportation. So we're providing free rentals to New York City healthcare workers through April and we're also providing cargo vans to hospitals to help them with supplies and just today.
We already have cargo vans with Mount Sinai Hospital and they' transporting ventilators and they're telling us that. We are literally helping them to save a life so this is just the start. We'll continue to see ways that. We can help during this crisis we are an essential service out there. We still have thousands of employees providing critical transportation.
Where they need in and when they need it to FEMA workers. Government workers health care workers across the country we even when students had to get home we changed our policy. We let eighteen-year-olds rent cars with debit cards and we got them home you know. So they could shelter in place. it's great to work and we commend you for doing it. Obviously an important service I'm wondering if you can tell us a little bit about. The overall business through and what you're seeing right now. With travel in this country essentially grinding to a halt is there any actual demand for rental cars.
Well you know as I mentioned there are still critical needs of
transportation around the country and we still do have thousands of people. You know providing service and making sure people you know to get the cars or the vans or the trucks that they need. However, like the rest of the global travel sector, it's had a huge impact on her. It happened quickly and we had a very definitive reversal and customer demand.
It's been significant the hard part for us is. We came into the year really strong and then in March. Cities around the world started shutting down airline travel decreased. You know dramatically pretty much overnight we've had tons of cancellations and a decline. in forward bookings you know one wonderful go ahead. About how the government bill can help you and whether you can get government. Assistance is that something you're considering that could be necessary and alternatively.
There's also been talk on some of the analyst notes about whether your industry can consolidate a little bit is that something you're considering. Well, what first and foremost we've been aggressively getting out of our fleet managing cost and reducing our capital. Expenditures things that are directly in our control at the same time yes we have engaged with the US and Europe. Governments and we are seeking financial support to help the industry get through. This critical period I haven't gotten the response back so I don't have an update on that though you know. I think as you know we have a great brand and we provide great service out there and in fact.
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