United Airlines is now following other airlines as they plan to reduce flights to Venezuela this fall. This move is due to a dispute about money trapped by tight currency controls in the South American country.
Currently, United flies daily flights between Houston and Caracas.
Starting September 17, United will only fly between Houston and Caracas four times a week. The flight will depart Houston a few minutes before midnight on Mondays, Wednesdays, Fridays, and Sundays. Flights will depart Caracas for Houston on Mondays, Tuesdays, Thursdays, and Saturdays.
United reported a loss of $21 million in the first quarter due to weakening of the exchange rate on approximately $100 million in Venezuelan bolivars.
Earlier this week, Delta announced it would reduce service to Caracas to weekly instead of daily.
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