American Airlines (Dallas/Fort Worth) is fed up with Venezuela and its socialist government which is forcing carriers to keep their ticket sales in the country’s currency, the Bolivar. Airlines are unable to export the proceeds. According to Bloomberg Businessweek, American was owed $750 million from its Venezuela sales through March 31 (probably higher today). As a result, American is slashing the number of weekly flights from the current 48 to only 10 starting next month. Air Canada and Alitalia have also ended service to Venezuela.
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Copyright Photo: Steve Bailey/AirlinersGallery.com. Boeing 737-823 N950NN (msn 31194) taxies at Boeing Field in Seattle.