Lufthansa to Suspend Service to Venezuela in June Due to Economic Issues
Photo via Wikimedia Commons
On Sunday, German airline Lufthansa announced that it would be suspending service to Caracas, Venezuela, due to the economic situation in the South American country.
According to The Associated Press, Lufthansa will suspend its three weekly Frankfurt-to-Caracas flights until further notice, starting on June 17, the company’s spokesman Andreas Bartels told the media.
Lufthansa cited the economic problems in Venezuela and the difficulties in transferring currency as the main factors behind the decision to suspend the route. The country’s economy dropped 5.7 percent last year as shortages of basic goods grew.
One of Venezuela's main issues right now is the government increasing currency rationing, which is hurting the country’s global trading. Now, companies have to get approval for converting local bolivars into dollars, something Lufthansa is looking to avoid.
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