Delta Air Lines (DL, Atlanta Hartsfield Jackson) has announced plans to reduce its services to Venezuela with effect from August 1. In a statement, the carrier said it would reduce its current Atlanta Hartsfield Jackson to Caracas Simón Bolivar service from daily to weekly while reducing capacity from a B737-800 to a B737-700.
In the wake of a biting foreign currency crunch currently affecting the South American country, fellow operator American Airlines (AA, Dallas/Fort Worth) also reduced its services to Venezuela earlier this month.
Failure to access funds currently locked up in Caracas has begun to take its toll on foreign carriers with Air France (AF, Paris CDG) and partner KLM Royal Dutch Airlines (KL, Amsterdam Schiphol) joining rival Lufthansa (LH, Frankfurt International) in announcing profit warnings which they partially attributed to the ongoing crisis.
