Latam and Lufthansa suspend Venezuela flights

Latam and Lufthansa suspend Venezuela flights

Latam Airlines is suspending flights to Venezuela because of the worsening economic situation in the country.

The suspension came a day after Lufthansa said it would drop its services to the South American nation.

The German carrier said Venezuela owed it millions in ticket revenues.

Oil-rich Venezuela has been hit hard by the global drop in oil prices and suffers from high inflation and a chronic shortage of basic goods.

Several airlines have said that currency controls in Venezuela made it impossible for airlines to convert their earnings into dollars and send the money abroad.

Latam airlines said it would suspend its operations to Caracas airport "temporarily and for an unspecified time".

Flights from Sao Paulo to Caracas would end first, within days and routes to Caracas from Lima and Santiago would be halted by the end of July, the BBC reported.


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