Mom Can’t Visit Daughter as Airlines Shun Venezuela Cash
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Gladys Varela is stuck in Venezuela this Christmas. After scanning travel agencies in Caracas for three months for a plane ticket to visit her daughter in Mexico, she found airlines want nothing to do with bolivars.
Tickets from American Airlines Inc., Grupo Aeromexico SAB and Avianca Holdings SA among others have become harder to buy in Venezuela since September, as tighter currency controls make it more difficult for companies to convert bolivars into dollars. The shortage of greenbacks to fund imports of goods and services led the bolivar to decline 73 percent this year in the black market.