The suspension follows Lufthansa’s announcement on the weekend that it would also be suspending services to the country.
The German airline said Venezuela owed it millions in ticket revenues, the BBC reported.
Venezuela is oil-rich but has been hit hard by the global drop in oil prices and has suffered from high inflation alongside a shortage of basic goods.
A number of airline companies have reportedly stated that currency controls in the country have made it impossible for them to convert money earned into dollars and then send the money abroad, the BBC said.
Latam becomes second airline to suspend Venezuela operations
Air
Sophie Griffiths
31 May 2016
Latam Airlines has become the second carrier to suspend flights to Venezuela, due to the country’s worsening economic situation.
Latam's Lima-London service will be suspended from February
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