Firm pulls out of airport as bosses navigate 'headwinds'

Matt Simpson

2 July 2024 at 7:10 pm·2-min read

An aerial picture of Bournemouth Airport at Hurn on September 18, 2019. Picture by Stephen Bath

CAR hire firm Hertz has left Bournemouth Airport, the company has confirmed.

The Florida-based business ceased its operations from Hurn at the end of June as bosses look to navigate its way through “headwinds”.

A spokesman for Hertz said: “We can confirm the Hertz Bournemouth Airport location will close at the end of June, 2024 and we have offered three of the five employees vacancies at other locations.

“Due to this closure, we welcome customers to rent from Hertz Southampton, Southampton SO15, 1GZ.

“As stated in our recent Q4 earnings, we have been assessing the scope of our global facilities network, which has resulted in the closure of some rental locations."

Hertz, which operates in 160 countries, posted a net loss of $348m in its most recent Q4 postings, but revenue was up year-on-year to $2.2bn.

Stephen Scherr, Hertz chair and chief executive, said: "Our business benefitted from solid demand and a stable rate environment in the fourth quarter.

"Nevertheless, we continued to face headwinds related to our electric vehicle fleet and other costs throughout the quarter.

“We have taken steps to address those challenges and heading into 2024, we are confident that our planned reduction in EVs and cost base, along with the ongoing execution of our enhanced profitability plan, will enable us to regain our operational cadence and improve our financial performance with increasing effect into 2025."

Meanwhile, Bournemouth Airport continues to see growth in the business with Jet2 announcing Hurn as its 12th UK base, Ryanair continuing to increase its routes and TUI adding another aircraft.

Consequently, bosses at the airport have been holding discussions to expand the terminal to cope with increased demand.

It’s widely expected Bournemouth Airport will welcome more than one million passengers this year - a number it last hit 15 years ago in 2008.

Airport owner Regional and City Airports is in early talks with BCP Council’s planning department about the possibility of an expansion of the terminal building and transport interchange.

Regional and City Airports will also be pumping more than £5m into new facilities, equipment, staff and training.

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Firm pulls out of airport as bosses navigate 'headwinds'

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