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American Airlines cuts majority of flights to Venezuela over summer due to debt

On June 17, American Airlines announced it would cut almost 80 percent of its flights to Venezuela due to the debt owed by the Venezuelan government. Currently the government owes different airlines $4.2 billion.

Starting on July 2, American Airlines will offer only 10 flights per week instead of its usual 48. Further, the flights from Dallas, New York, and San Juan, Puerto Rico will be scrapped; only the flights from Miami will be kept. According to the airline, this is because Venezuela owes the carrier $750 million in revenue.

Other airlines are owed as well. This month, the International Air Transport Association said that the country is holding $4 billion in airline money due to a currency-control problem.

Alitalia and Air Canada have already suspended all flights to Caracas. Copa has reduced services, and other U.S. airlines have restricted sales due to money owed.

The above article is a summary.  Please see the source article at Google News.

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