This Airline Is Making a Profit Flying Out of Caracas
- Latin American Wings adding routes to crisis-ridden country
- Local partner helps get access to scarce dollars in Venezuela
A passenger walks at Simon Bolivar international airport in Caracas.
Photographer: Federico Parra/AFP via Getty ImagesThis article is for subscribers only.
Newbie airline Latin American Wings is going where others fear to tread: crisis-ridden Caracas. Even more remarkable, it’s making money.
The Santiago-based carrier has been turning a profit by flying immigrants to Chile from Venezuela and Haiti since it started operating early last year, Chief Executive Officer Andres Dulcinelli said. Flights arrive in Santiago full and leave half empty as immigration to South America’s wealthiest nation soars.