American Airlines cuts flights to Venezuela

Global Business

Published June 20, 2014 at 8:38 PM
Updated June 25, 2014 at 5:03 PM

Venezuela is facing growing international isolation as yet another airline cuts its services.
American Airlines is cutting nearly 80 percent of its weekly flights to Caracas.
It’s refusing to wait for the government to pay back profits locked up under foreign exchange laws.
As CCTV’s Martin Markovits reports from Caracas, the impact will be widely felt.

American Airlines cuts flights to Venezuela

Venezuela is facing growing international isolation as yet another airline cuts its services. American Airlines is cutting nearly 80 percent of its weekly flights to Caracas. It's refusing to wait for the government to pay back profits locked up under foreign exchange laws. As CCTV's Martin Markovits reports from Caracas, the impact will be widely felt.