Quantcast
Transport Airlines

Lufthansa Joins Alitalia and Other Airlines in Frustrated Cuts to Venezuela Service

Skift Take

Despite Venezuela’s benefits, airlines have had it up to here with Venezuela.

— Jason Clampet

Deutsche Lufthansa AG, Europe’s second-largest airline, has suspended ticket sales in Venezuela for commercial reasons, four days after calling the capital city of Caracas its most profitable Latin American route.

The suspension is temporary and flights for those who have tickets already will operate normally, Nils Haupt, a spokesman for the Cologne-based airline, said in an e-mailed response to questions. Lufthansa flies a Caracas-to-Frankfurt route five times a week, and the capital is its only destination within the nation.

Airlines are struggling to repatriate $3.9 billion in local earnings from Venezuela because of tightening currency controls, according to the International Air Transport Association. The group said at least 11 carriers have cut capacity on flights to South America’s largest oil exporter in the past year. The value of revenue trapped in bolivars is being whittled away by the highest inflation in the world and frequent devaluations of Venezuela’s currency.

Lufthansa’s sales director for North America, Donald Bunkenburg, called Caracas the company’s most profitable Latin American route because of the high proportion of business travelers, according to an interview published May 12 in Colombian newspaper Portafolio.

To contact the reporter on this story: Anatoly Kurmanaev in Caracas at akurmanaev1@bloomberg.net. To contact the editor responsible for this story: Andre Soliani at asoliani@bloomberg.net. 

More Stories Below ▼
Airbnb Says It Hosted a Record 17 Million Guests This Summer
Free Report: What Millennials Want in Meetings
Travel and Hospitality Personalization Is Not a Destination, It’s a Journey
Video: How Amsterdam is Rethinking Urban User Experience to Build the City of the Future

Video: How Amsterdam is Rethinking Urban User Experience to Build the City of the Future

Ryanair Surprises Again With New Crew Uniforms That Have Class
The Vacation Rental Technology Ecosystem
Trend Report

The Vacation Rental Technology Ecosystem