Spanish carrier Iberia will stop flying to Angola from 1 June, 2016 by suspending flights between Madrid and Luanda. The airline announced this in a statement sent to customers and tour operators.

The statement said that the decision stems from the current economic situation of Angola, following the drop in oil prices, and the subsequent lack of foreign currency.

The company said the link between Luanda and Madrid had recently had only a small number of passengers, which was not compatible with the fixed costs of the route.

“Our customers will receive a refund or be sent to other companies, according to their needs,” said the company representative in Angola, Joy A. Horrik Kupuiya.

Iberia has operated in Angola since 2011 and currently flies twice weekly to Luanda with the A330-300.