Comment and analysis on all things Charlotte

The dysfunction of socialism, example #3,691,318

American Airlines is reducing service to Venezuela from 38 flights a week to 10 flights a week come July. Why? Because they aren’t getting paid by the socialist government there for the tickets it sells in the country. From Flight Global:

“Venezuela is not playing by the rules,” said Tony Tyler, director general and chief executive of IATA, at the organisation’s annual general meeting earlier in June. “It’s not surprising that some airlines have stopped flying there: airlines cannot provide a service if they don’t get paid. The government has responded with more promises than action.”

IATA estimated that $3.9 billion in local airline revenues are trapped in Venezuela in April.

Air Canada and Alitalia have already ended service to Venezuela as a result of not getting paid.

One Response to “The dysfunction of socialism, example #3,691,318”

  • Jun
    17
    2014

    AA needs to cut off Venezuela COMPLETELY — if I owned stock in AA, I’d demand it.

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