CBS 11 Header TXA 21 Header MeTV Header KRLD Header The Fan Header
CBS DFW WEATHER APP: iPhone App Store | Android App Coming Soon | More Information

Local

American Airlines Cutting Flights To Venezuela

(credit: American Airlines)

(credit: American Airlines)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

From Our CBS Music Web Sites

625x352 thrill eng preview American Airlines Cutting Flights To Venezuela Win A Trip To Disneyland!

82641739 10 American Airlines Cutting Flights To Venezuela Hottest Sunbathers Of The Summer

jennifer lopez 770 American Airlines Cutting Flights To Venezuela Jennifer Lopez's Bathtub Selfie

 alt=The New Wonder Woman

 alt=Musicians Then And Now

Fantasy_tile

VOTE: Best Coaches In American Sports

FORT WORTH, Texas (AP) - American Airlines said Tuesday that it will cut nearly 80 percent of its flights to Venezuela in a dispute over revenue being held by the South American country.

American said that beginning July 2 it will operate 10 flights per week instead of the current 48. And it will only fly to Venezuela from Miami, scrapping flights from New York, Dallas and San Juan, Puerto Rico.

The airline says Venezuela is holding on to at least $750 million in revenue that American wants to bring back to the U.S.

Other airlines are locked in similar disputes. The International Air Transport Association, a trade group for major world airlines, said this month that Venezuela is holding $4 billion in airline money because of problems with the country’s currency-control system.

Air Canada, Italy’s Alitalia and Panama’s Copa Airlines have cut flights to Caracas, and several U.S. airlines have restricted sales there because of the socialist government’s refusal to turn over money from sales inside Venezuela.

Other industries such as drug companies and carmakers have also run into difficulty getting dollars from the government’s tightly managed currency system because of a shortage of U.S. dollars.

American has a broad network of flights to Latin America and has flown to Venezuela for nearly 27 years. A spokesman for Fort Worth-based American Airlines Group Inc., Casey Norton, said that American values “our business and longstanding relationships with the government.” But, he said, the airline is cutting flights because it is owed $750 million in ticket revenue through March and hasn’t been able to resolve the dispute.

“We continue to work with the government of Venezuela on this matter,” Norton said.

American currently flies four times per day between Caracas and Miami, once a day between Caracas and San Juan, once a day between Maracaibo and Miami, five times per week between Caracas and New York’s Kennedy Airport, and once a week between Caracas and Dallas-Fort Worth International Airport.

Beginning July 2, American said, it will fly daily between Caracas and Miami with an extra flight on Saturdays, and two flights per week between Maracaibo and Miami.

(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Latest News:

Top Trending: