Airlines Cut Venezuela Flights as Debts Mount, Bolivar Falls

At least three international airlines are cutting flights to Caracas after the Venezuelan government reduced the rate at which they get reimbursed for ticket sales in bolivars.

Grupo Aeromexico SAB reduced flights from Mexico City to five per week from seven last month, according to data provided by the Mexico City International Airport. Air Europa’s spokesman said the airline is cutting flights from Madrid to five per week from six in March, while Air Canada will reduce weekly flights from Toronto to four from five in February and to three in May, according to schedule posted on the website.