Jamaica Observer has reported Chile-based airline LATAM has suspended its flights to crisis-hit Venezuela for an indefinite period, following a similar move by German carrier Lufthansa, the company said.
LATAM Airlines group and its Peruvian and Brazilian subsidiaries decided to cut the flights due to the complex macroeconomic situation that the region is currently going through. The company said challenging economic conditions in Latin America were prompting changes to its domestic and international routes.
Venezuela is in economic and political crisis, with a shortage of dollars making it difficult for businesses to operate.
LATAM said it is cutting all three of the major routes it currently operates to Caracas: from Sao Paulo in Brazil, Lima in Peru and Santiago in Chile. The Sao Paulo flight has been suspended since May 28 while flights on the other two routes will stop by August 1.
A company statement said, “In this context, the companies will suspend, temporarily and for an indefinite period, their operations in Simon Bolivar international airport in Caracas.”