American Cuts Flights to Venezuela 79% on Trapped Cash
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American Airlines Group Inc., the U.S. carrier with the most flights to Venezuela, will reduce weekly trips there to 10 from 48 because of an unresolved dispute over cash trapped in the country.
Service will cease between Caracas and New York’s John F. Kennedy International airport, Dallas-Fort Worth and San Juan, Puerto Rico, after July 1, Casey Norton, an airline spokesman, said in an e-mail today. American Airlines had $750 million stuck in Venezuela as of March 31.