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The News
Wednesday 05 of October 2022

Germany's Lufthansa to Suspend Flights to Venezuela


The German airline Lufthansa has decided to suspend service to Venezuela due to its difficult economic outlook,photo: Reuters/Johannes Eisele
The German airline Lufthansa has decided to suspend service to Venezuela due to its difficult economic outlook,photo: Reuters/Johannes Eisele
The airline cites Venezuela's difficult situation as its economy shrank 5.7 percent last year while shortages of basic goods multiplied

BERLIN — German airline Lufthansa says it is suspending its flights to Caracas, citing the difficult economic situation in Venezuela.

Lufthansa spokesman Andreas Bartels said Sunday that the company is suspending its three weekly Frankfurt-Caracas flights “until further notice” from June 17. He cited Venezuela’s economic situation and difficulties in transferring currency.

Venezuela’s economy shrank 5.7 percent last year while shortages of basic goods multiplied.

Currency rationing is increasingly cutting Venezuela’s global trade. The government has created what amount to subsidized rates for hard currency and requires companies to get approval for converting local bolivars into dollars.