Lufthansa to halt flights to Venezuela

How did Venezuela get into such deep debt?

Another sign of deep trouble in Venezuela: Lufthansa, one of Europe’s largest airlines, said it will stop flying to the country. The company announced Sunday that beginning June 17, it will suspend flights indefinitely to Venezuela, which is grappling with a daunting economic and humanitarian crisis.

Andreas Bartles, a Lufthansa spokesperson, said there’s two reasons for the decision. First, there simply isn’t enough demand — particularly among business travelers — to fill flights. Second, the company is having trouble converting Venezuelan currency, which uses complicated multi-tiered exchange rates.

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