you, Thank Mark.
impact by continued proud how Continuing to Let me Hertz, our deliver and echoing structural cost team has from quarter, lower of costs growth fleet with This combined experienced Mark's exciting really at is top for start our time I'm and trend our last enthusiasm. line reduction. so we of an stakeholders. the
As this and in mentioned, quarterly EBITDA of XX%. margin $XXX Mark record of million adjusted corporate resulted
the volume levels, hasn't the the Delta to to incremental XXXX drove segments, returned gap structural and impact on with pricing resulting no Volume helped revenue. international declines variant. market narrow but dynamics and which mitigate in the to both higher, Americas continue improvements from We impact meaningful
to network to yields. in business of our distribution drive improvement, results our A is higher and optimize element core market segments which strategy
Our total in remainder factors. driven by the various and optimization products. mix increase of Examples segment for the for of changes, contributed quarter. contract XX%, increase Slide The improvement, by the QX furthering the ancillary RPU is of corporate business of increased total RPU the reflects these sale market-driven. are XX $XX
capacity I is are fleet slightly we level which mentioned will managing yield. with at below maximize demand, expected rigor discipline, last As our that a our quarter, keeping tight fleet and
fully to not each vehicles fleet. new in-fleeting the supply are the month, we and levels seeing are required of we rotate Although replenish
on will We continue. and fleet expense. high-condition, which out supply we low-mileage with deliberately reduces vehicles this Despite vehicle maintenance new are focused older rotating constraints, fleet, the supplementing expect are
As reflected per $XX release, was during in the month press quarter. unit our per depreciation
this unpack low me number you. for Let
we We depreciation are of net our third per $XXX strong value quarter, which In realized in market. gains, the exceptionally reduced million an disposition residual unit.
residuals. vehicles depreciation still For we we are that to gross the due the expense strong holding, reduced have
period Finally, a expense. for vehicles depreciation also time, we longer a our of lower holding which are drives
to expect these are to favorable to economics depreciation continue historical offsetting time, we we rotate Over supply our fleet, cost. as unit Partially and OEM levels. as acquisition return returns increased older per
XX Tesla this comparable around traditional materialize providing economics up the have Tesla rates, planning, economics vehicles. the sensitive assumed As insurance our to fleet levels, mentioned over internal larger we cost justify drivers a may Slide the X items. provided to investments, Mark combustion at EVs operating these up program.
We specifics In EVs other XXX,XXX rates Like Should expenses. on next we could end Uber years. vehicle our vehicles depreciate that all our are of costs other at earlier, with some depreciation and lower to of
the of Continued improvement points as execution and revenue basis second a on of productivity when of SG&A to XXX of percentage drove compared XXXX. DOE quarter an
like-for-like $XXX lower full EBITDA which, you year interest include have we've As when cost basis, reduction on enhanced vehicle debt. million, $XXX approximately or corporate disclosed, a impact XXXX adjusted the in million would previously business, of the implemented on by
cost as by roughly exiting and locations. XX-XX DOE enhancement with costs removing attributed fixed SG&A. as increased improvement be The a of offset was and of associated costs certain as partially can fleet. impact the older between result reduction low-margin some The maintenance comes The the well contracts
million the $XXX expect structural. cost of be reduction to We
operational the journey business we as be drive continuous processes and optimize seek bottom Our to will to improve efficiencies. line
$X.X which credit Now has At the our no unrestricted revolving liquidity. senior under of turning was liquidity to cash available structure billion, comprised in billion billion facility, and borrowings. our $X.X capital $X.X and outstanding September XX,
unsecured general $XXX payments, creditor or cash XX% EBITDA. expect our which was forward. million, relationship, going Our of operating flow we is corporate XX% of And approximately third any care this be contract quarter to exclusive adjusted
Post restructuring, stock. $X.X billion we issued preferred of
As preferred of September XX, the largely our stock, net is including position, debt neutral.
Also, stock, a until preferred maturities net material Excluding in are debt position. we corporate no have cash XXXX. we
Last quarter, reflected previous our interest structure associated expense some and with expenses the DIP financing. capital our
$XX was and for current reflects expense comprised interest $XX million the Our structure. non-vehicle vehicle million and of third quarter capital our
The from the ABS is and to we with line size third forward, levels in interest the facilities. what going subject funding fleet quarter corresponding expense expect of
international October extremely in Our initiatives is how recovers.
To balance in and shaping strong, and XXXX. to for our we're performance. insight pricing both fourth in both fully we some throughout bookings positioned line pointed grow demand healthy. experienced And out, business RPU fund into quarter segments is as and with the as give quarter-over-quarter we strategic are are holiday you improvement Mark our up, said, seeing sheet Mark and as recent volumes trends Americas Internationally, our positive well
we further to results our As restrictions, continue believe positively. international countries trend travel reduce will segment
are bookings movements in coming more We from weeks. the travelers, starting we and to our inbound in expect forward see
we of travelers, number our As this the momentum optimistic about business. are U.S. bring increasing an will the welcomes to international inbound
see For us, factor. and highly as travel this is segment the a profitable, inbound positive we further
Slide XXXX, full on XX. Turning now for our the is year addressed which to guidance
$X.X range of As a consolidated you EBITDA be billion corporate to in to billion. expect $X on the we can basis, adjusted see,
to reflect in $X,XXX of $X,XXX, measures range per unit We business that of constrained month business And RPU expect we and between strength vehicles expect our our we market to dynamics elevated total and consumer billion per with of $X.X to for the and These the demand, the quarter liquidity total values be expectation $XX RPU end residual of global to to supply improvements due continue. billion. expect remains of $X.X to in depreciation $XXX. that
Also, corporate we our approximately that of business. with result GBT adjusted million EBITDA previously our disclosed agreement $XXX for in Amex could
results achievable, those believe assuming to are We levels. corporate return continue XXXX to rental volumes
let Hertz' enhanced hand firmly our Before are I reiterate to stakeholders. for future. taken our for competitive it Mark a confidence and value generating steps remarks, performance, advantage my we've focused leveraging we to The stronger are bright in me on closing all back drive
you. to back Mark,
