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Iberia (), legally incorporated as Iberia Líneas Aéreas de España, S.A. Operadora, Sociedad Unipersonal, is the flag carrier of Spain. Founded in 1927 and based in Madrid, it operates an international network of services from its main base of Madrid–Barajas Airport. Iberia, with Iberia Regional (operated by an independent carrier Air Nostrum) and with Iberia Express, is a part of International Airlines Group. In addition to transporting passengers and freight, Iberia Group carries out related activities, such as aircraft maintenance, handling in airports, IT systems and in-flight catering. Iberia Group airlines fly to over 109 destinations in 39 countries, and a further 90 destinations through code-sharing agreements with other airlines.
On 8 April 2010, it was confirmed that British Airways and Iberia had signed an agreement to merge, making the combined operation the third largest commercial airline in the world by revenue. Shareholders of both carriers approved the deal on 29 November 2010. The newly merged company, known as International Airlines Group (IAG), was established in January 2011, although both airlines continue to operate under their respective brands.
In 1937, during the Spanish Civil War, Spanish navy captain and director-general of the company Daniel de Araoz y Aréjula received the order from General Alfredo Kindelán to organize an airline for the air transport in nationalist-held territory during the war. Daniel de Araoz y Aréjula traveled to Germany to get support and material for the restoration of the company as an independent airline, thus six Junkers Ju 52 from Deutsche Luft Hansa arrived, which were acquired by Iberia at the end of the conflict, in addition to material to help the operations. As the name "Iberia" was still registered, it was used when operations began in 1937 towards the end of the war. During the conflict Iberia was a purely domestic airline, with headquarters in Salamanca the airline operated flights to cities in the nationalist side, Spanish North Africa, Spanish West Africa and Morocco. After the war, at the end of the 1930s, the airline served the Seville–Larache–Cape Juby–Las Palmas, Barcelona–Zaragoza–Burgos–Salamanca–Seville–Tetuan and La Palma–Barcelona–Vitoria-Gasteiz runs using Junkers Ju 52 aircraft. On 1 May 1939, Iberia operated its first regular service to an international destination as an independent civil airline with a Madrid–Lisbon flight.
In 1940, the government gave the monopoly of national air transport to Iberia (this fact changed 6 years later when the government liberalised the national air traffic for the private airlines), This privilege helped the company to start building as an important international airline, which had not been until then. The airline was Nationalization on 30 September 1944 and became part of Instituto Nacional de Industria. The policy of the company was to separate itself from the German orbit to which it had been linked in its first years and establish relations with the United States in terms of aircraft purchase and supplies of aeronautical material for the operation. Thus, that year the purchase of seven DC-3 and three DC-4 was finalised, to expand the network in Europe and accomplish the company's first transatlantic flight. This was achieved in 1946, Iberia was the first airline to fly between Europe and South America after World War II, using a Douglas DC-4 to operate flights between Madrid and Buenos Aires. This flight was the first of an expansion of flights between Latin America and Europe through Spain carried out by the company, with destinations such as San Juan de Puerto Rico, Caracas, Mexico City and Havana. The poor diplomatic relations of the Francoist Spain delayed the establishment of some destinations until the beginning of the 1950s.
Iberia incorporated four more DC-4s into its fleet during the first half of 1950, enabling both the strengthening of current services and the launch of new ones. With the Pact of Madrid in 1953, visa requirements were eliminated for US visitors to Spain. This stimulated the start of transatlantic flights between Spain and the United States the following year. The airline phased in the first of three Super Constellations in June 1954. The aircraft was named Santa María to commemorate Columbus' first voyage and was deployed in the inauguration of the new Madrid–New York service two months later, on 3 August 1954, the same day that Columbus left the port of Palos de la Frontera. The amendments to Article 6 of the Convention on International Civil Aviation of 14 June 1954 made in Paris on 30 June 1956 about non-scheduled air services enabled mass tourism using chartered aircraft since allowing European member states to carry out this type of operation with international flights between their territories. This favoured the airline given that it had in its territory several highly sought after destinations, mainly those on the eastern and southern Mediterranean coast and in the Balearic and Canary Islands, highly demanded by seaside tourism which began with this type of operation.
In 1959, the Spanish airline Aviaco became a part of Iberia by controlling two-thirds of its capital in a capital increase. Aviaco had been created in 1948, after the national air traffic had been liberalised for Spanish private companies in 1946.
In 1961, Iberia had 9 Super Constellations in the fleet, that year came into service the first DC-8-50, the four-engined jet airliner was progressively incorporated until reaching the number of 8 aircraft of the 50 series variant. Iberia was gradually incorporating jets of short and middle range, such as Sud Aviation Caravelle, and Douglas DC-9. The Super Constellations were removed and sold in 1966, and two years later, three DC-8-63 with more seat capacity were incorporated into the fleet. By 1969, the long-range fleet of Iberia was composed of 11 DC-8s. In the early 1970s, the jumbo jets Boeing 747s and Douglas DC-10s came to the company during an expansion of the intercontinental routes, especially to Central America. By the middle of this decade, the airline flew to almost all Latin American capitals. With the expansion in Latin America the company had followed a policy of purchasing shares and establishing agreements with several Latin American airlines such as Compañia Dominicana de Aviación, Aérolíneas Peruanas, PLUNA and Air Panamá Internacional. At first, the intention of this policy could be to create a strong distribution network for intercontinental routes passengers, but as the airline was controlled by the state the Franco regime used this investment policy to get support in Latin America. Iberia gave material, capital and logistical support to those flag-carrier airlines. By 1971, these investments resulted in the loss of 14 million dollars. Iberia also bought the short-middle range trijet Boeing 727-200 in 1971, of which the company had 35 aircraft and was used until 2001 like the other short-range jet bought by the company in the late '60s, the Douglas DC-9.
In 1987, Iberia, together with Lufthansa, Air France and SAS Group, founded Amadeus, an IT company (also known as a Global Distribution System) that would enable travel agencies to sell the founders and other airlines' products from a single system. In the same year, Iberia planned a fleet renewal in the middle-range fleet with the McDonnell Douglas MD-87 and Airbus A320 replacing the Douglas DC-9 and Boeing 727 respectively. In June 1990, the carrier bought 16 Boeing 757s for billion, including spares and training; twelve more aircraft of the type were taken on option as a part of the deal.
The investments started in June 1990 with the buying of a 30% stake in Aerolíneas Argentinas. In 1991, Iberia bought a 45% stake in Viasa for $81 million and a 35% stake in Chilean Ladeco. The airline continued making progress in setting up Europe's first international airline Frequent flyer in 1991, with the creation of Iberia Plus.
In 1994, the poor results of Aerolineas Argentinas, which presented a positive balance in its commercial exploitation but hid a significant deficit with losses in non-operating activities, led Iberia to increase its ownership participation to 85%. With this increase in participation, the Argentine state renounced its "golden share", allowing Iberia to have full fiscal control of the company. Iberia began a reduction in the size of the company, a liquidation of the national and overseas offices, and the technical sale of its entire fleet composed of 28 aircraft in a "sale and lease back" operation. Argentine sources indicate that the purchase capital of Aerolíneas Argentinas was charged to its financial liability. This, together with the aforementioned sales, generated a big controversy, giving rise to criticism of the Argentine government for the privatisation of the company. The truth is that during the period that Aerolíneas Argentinas was owned by Iberia (1990–1995), the Spanish airline allocated more than 1,200 million dollars to the Argentine flag carrier and kept the airline operating despite the poor results. Meanwhile, the Argentine government refused to invest more capital and expressed its desire to get rid of a large part of its shares. Iberia carried out major reforms in the structure of the company, which by that date was outdated with, among other things, extortionate personnel costs. Some of these changes included the development of a free booking program, the complete computerisation of the management system, the introduction of business class on domestic flights, and the creation of a new hub in Ezeiza International Airport for long range regional flights to Latin American destinations. In 1995, before the process of privatisation of Iberia, Aerolineas Argentinas was transferred to the Spanish government through INI, which would later become SEPI. In 2001, the Argentine flag carrier was sold to the Spanish company Grupo Marsans.
In 2008, the president of Argentina Cristina Fernández de Kirchner expropriated the company from Grupo Marsans for the symbolic price of 1 Argentine peso ($0.57) and renationalised the airline. In July 2017, the ICSID ordered Argentina to pay 320 million dollars to Grupo Marsans for having paid a lower price than the real value of the company. On 7 April 2010, the president of the Spanish Court of Auditors presented at the Spanish Parliament the figures of the investment in Aerolíneas Argentinas between 1990 and 2001, which was estimated at €2,100 million.
The plans to make the Iberia group the dominant airline in the Latin American market also failed in Venezuela. In 1997, the board of directors of Viasa, in which Iberia was the majority, decided to suspend the flights of the company, arguing that the situation was unfeasible. Iberia announcing that the company was not going to continue providing more capital into Viasa if its local partner, the Venezuelan state-owned group FIV, was not going to do the same. By then Iberia had invested more than 250 million dollars in the Venezuelan flag carrier without having any profit. In February 1997, the agreement for the liquidation of Viasa that accumulated a 200 million dollar debt, with a capital of only 2 million dollars, was announced. Iberia and the Venezuelan government had the intention of liquidating the company to avoid bankruptcy. Iberia offered to write off the 150 million dollar debt that Viasa had accumulated to the Spanish carrier in exchange for keeping its fleet of four DC-10s and five Boeing 727s. The agreement included compensation for the staff after the liquidation, which had a cost of 20 million dollars.
Regarding Ladeco, Iberia was a minority shareholder (35%) and did not intervene in its management. Initially, Iberia had the intention of achieving the merger of Ladeco with LAN Chile, but Chilean antitrust laws prevented it. Later, in 1995, LAN Chile made a major acquisition of Ladeco shares and acquired 57.6% of the company, this operation was approved by the Chilean antitrust prosecution, and then began a merger process in which Iberia lost some rights acquired during its time as shareholder of Ladeco. In 1997, Iberia sold its shares in Ladeco.
In 1996, the airline launched its website.
The company ordered 76 aircraft from Airbus in February 1998, which at the time was the largest single Airbus order. The following year it bought Aviaco and inherited that airline's fleet.
By the end of the '90s, Iberia owned as majority shareholder the Spanish airlines Aviaco, Viva Air, Binter Canarias and Binter Mediterraneo, and Latin American airlines Aerolíneas Argentinas, Austral, Viasa and Ladeco.
During 2001, Iberia was Privatisation and its shares were listed on stock exchanges. By 2002, when Iberia celebrated its 75th anniversary, it had carried nearly 500 million people in its history. In July 2004, Iberia announced it had decided to move its Latin American hub from Miami, Florida to San Pedro Sula, Honduras.
On 5 February 2006, Terminal 4 at Madrid - Barajas Airport was turned over to Iberia and fellow Oneworld alliance members. This provided much-needed expansion capabilities for Iberia. Iberia represents around 60% of the airport's traffic. In 2005, the airline and its regional branch Air Nostrum transported 21,619,041 passengers via Madrid – Barajas Airport.
In November 2006, Iberia launched Clickair, a low-cost carrier subsidiary. Clickair merged with Vueling in 2009.
On 12 November 2009, Iberia confirmed that it had reached a preliminary agreement to merge with British Airways. The merger between the two carriers would create the world's third-largest airline in terms of revenue. On 8 April 2010, it was confirmed that British Airways and Iberia had agreed to a merger, forming the International Airlines Group, although each airline would continue to operate under its current brand.
In November 2012, Iberia announced plans to reduce the number of employees by 4,500 and its fleet by five long-haul and 20 short-haul aircraft.
In 2012, Iberia established another low-cost airline, Iberia Express, which operates short and medium-haul routes from its parent airline's Madrid hub, providing feeder flights onto Iberia's long-haul network. The airline began operating on 25 March 2012 and shares its head office with Iberia in Chamartín, Madrid. In 2013, the headquarters of both airlines were moved to a new office in Ciudad Lineal, Madrid, and the corporate images have been changed as part of the renewal process.
In 2023, Iberia announced its return to Tokyo's Narita International Airport in October 2024 following its withdrawal in 2020 during the COVID-19 pandemic. Iberia first started flights to Tokyo in 1986, and began nonstop flying in 1992, but had previously suspended flights between 1998 and 2016.
In July 2008, British Airways and Iberia announced plans to merge, wherein each airline would retain its original brand. The agreement was confirmed in April 2010, and in July, the European Commission and United States Department of Transportation permitted the merger and the two airlines began to co-ordinate transatlantic routes with American Airlines. On 6 October 2010, the alliance between British Airways, American Airlines and Iberia formally began operations. At the time it was estimated the alliance would generate an estimated £230 million in annual cost-saving for BA, in addition to the £330 million which would be saved by the merger with Iberia. The merger was finalised on 21 January 2011, resulting in the International Airlines Group (IAG), the world's third-largest airline in terms of annual revenue and the second-largest airline group in Europe.
Prior to merging, British Airways owned a 13.5% stake in Iberia, and thus received ownership of 55% of the combined International Airlines Group; Iberia's other shareholders received the remaining 45%.
The merger has been controversial. British Airways operates two funded principal-defined benefit pension schemes in the UK. British Airways admits that one of the most serious financial risks it suffers is the challenging pension schemes' combined deficit. The last actuarial valuation was £3.7 billion, a value even greater than IAG's capitalisation. In addition and according to the "Pensions Act" for the year 2004, should it be necessary, the United Kingdom's Pension Regulator could force Iberia or IAG to give additional financial support to British Airways' retirement pension schemes. In its "Annual Report and Accounts Year ended 31 December 2011" BA declared that "negative movements in pension asset values and financial returns from these assets may increase the size of the pension deficit".
, the airline had over 18,000 employees.
Due to Brexit, Iberia has been forced to prove that it is still a Spanish airline, despite being merged with British Airways. The consequence for not doing so is their potential inability to fly within the European Union.
Iberia is allied with American Airlines, Qantas, Avianca and British Airways, and it was allied with Grupo TACA. On 1 September 1999, the company joined the Oneworld alliance.
Iberia formerly owned Aviaco, which operated most domestic routes. It was founded on 18 February 1948 and operated until 1 September 1999. Iberia also owned Binter Canarias, until the Spanish government began the privatisation of the subsidiary. Hesperia Inversiones Aéreas bought the airline from Iberia in July 2002. A second airline using the Binter name, Binter Mediterraneo, was formed as a subsidiary of Iberia in 1988 with routes from Melilla to Málaga, Almeria, Valencia and in its last year, with Madrid. The airline was acquired by Air Nostrum in 1998 and merged into its operations, at that time, the airline had a fleet of CN-235s.
Iberia was a founding partner in the computerised air ticket reservation system, Amadeus CRS, with an 18.28% stake. Iberia is also active as a tour operator through its Viva Tours and Tiempo Libre units, and with Cacesa, it supplies parcel shipment services.
In addition, Iberia is an aircraft maintenance company, servicing its fleet and those of another 48 companies, including some leading European airlines. Iberia is a supplier of aircraft handling services at all Spanish airports and two in Equatorial Guinea; its airline clients number more than 200 and has 7300 employees.
Iberia also participates in the Oneworld transatlantic joint venture with American Airlines, British Airways and Finnair.
In June 2017, Iberia ordered 17 Airbus A320neo and 3 Airbus A321neo aircraft with deliveries from 2018. The first A320neo was delivered in May 2018. The first A321neo was received by Iberia Express in June 2020.
At the 2019 Paris Air Show, IAG agreed to purchase 14 Airbus A321XLR aircraft, 8 for delivery to Iberia and 6 to Aer Lingus, with options for a further 14 of the aircraft. The first A321XLR was received by worldwide launch customer Iberia in November 2024.
On 28 July 2023, IAG converted six of the ten remaining options for the Boeing 787 into firm orders for the 787-10 and added six more options for the variant to be allocated to British Airways, and converted one option for the Airbus A350-900 into a firm order to be allocated to Iberia.
On 9 May 2025, IAG ordered up to 76 aircraft from Airbus and Boeing, out of which 32 firm orders and 10 options for the Boeing 787-10 will be allocated to British Airways, and 21 firm orders and 13 options for the Airbus A330-900 will be allocated to Iberia, Aer Lingus, and LEVEL. It also revealed the firming of options for 18 additional aircraft, including six Airbus A350-1000 aircraft and six Boeing 777-9 aircraft for British Airways, and six Airbus A350-900 aircraft for Iberia.
Subsidiaries and alliances
Iberia has a 9.49% stake in low-cost carrier Vueling which is based near Barcelona, with parent company IAG owning the remaining 90.51%. This was done to ensure that IAG does not have 100% of the shares in Vueling, but that the shares are split between its divisions. Iberia also has a 0.95% share in Royal Air Maroc.
Destinations
Joint businesses
Iberia participates in a joint business with Qatar Airways and British Airways which includes the operation of three daily flights between Qatar Airways' Doha hub and Madrid along with up to 10 flights between Doha and London.
Codeshare agreements
, Iberia had codeshare agreements with the following airlines:
Fleet
Current fleet
, Iberia operates an all-Airbus fleet composed of the following aircraft:
+ Iberia fleet 3 — — — 141 141 11 — — — 180 180 21 8 — — 186 186 14 — — — 217 217 7 1 14 — 168 182 Launch customer. 12 — 19 — 269 288 8 — 29 21 242 292 23 8 31 24 293 348
Fleet development
In August 2015, Iberia parent International Airlines Group converted eight Airbus A350-900 and three Airbus A330-200 options into firm orders for Iberia. In June 2018, the airline took the delivery of its first A350.
Former fleet
Over the years, Iberia operated the following aircraft types: Customer Summary Through March 2013. Boeing.com.
+ Airbus A300 1981 2002 Airbus A340-300 1996 2016 ch-aviation.com – Iberia ends A340-300 operations 23 November 2016 Airbus A340-600 2003 2020 Boeing 727–200 1972 2001 Boeing 737–300 1988 1990 Boeing 737–400 1998 2001 Boeing 747–100 1970 1981 Boeing 747–200 1972 2005 Boeing 747–300 2000 2005 Boeing 747-400 2004 2006 Boeing 757–200 1993 2008 Boeing 767–300 1998 2002 Bristol 170 Freighter Mk.31 1953 1963 Convair 440 1957 1972 de Havilland DH.89 Dragon Rapide 1934 1953 Dornier Do J Wal 1935 1936 Douglas DC-1 1938 1940 Douglas DC-2 1935 1946 Douglas DC-3 1944 1973 Douglas DC-4 1946 1968 Douglas DC-8 1961 1983 Douglas DC-9 1967 2001 Fokker F28 Fellowship 1970 1975 Ford Trimotor 1930 1946 Junkers G 24 1929 1936 Junkers Ju 52/3m 1937 1957 Lockheed L-1011 TriStar 1997 1998 Lockheed L-1049 Super Constellation 1954 1966 McDonnell Douglas DC-10 1973 2000 McDonnell Douglas MD-87 1990 2008 McDonnell Douglas MD-88 1999 2008 Rohrbach Roland 1927 1929 SNCASE Languedoc 1952 1960 Sud Aviation Caravelle 1962 1987
Aircraft cabins
All aircraft in the fleet are configured in a two-class layout with Business and Economy cabins. Iberia currently markets three distinct business class variations, depending on flight length. In March 2009, Iberia announced that from 2009 to 2011, it would renovate its economy class on all its planes as well as design a new business class for its long-haul planes. Iberia was one of the last remaining major airlines to equip all of its intercontinental routes with personal entertainment screens. , the Airbus A330-200 and −300, and A340-600 fleets are equipped with personal IFE. In-flight catering is provided by Do & Co.
Business Class is available on Spanish domestic and inter-European flights. Seats are the same as in the economy cabin but with the middle (B and E) seats blocked off. Business Class tickets also include improved ground service (priority check-in, security, boarding, baggage handling, and lounge access).
Business Plus is offered on long-haul flights to the Americas and Southern Africa. Business Plus offers lie-flat seating and international business-class amenities.
Iberia has moved more to an American, or "a-la-carte" model for domestic and European flights, offering a buy on board service called "Tu Menú" in economy for meals, snacks and beverages." Tu Menú." Iberia Airlines. Accessed 11 October 2008. Mid-haul flights to Dakar, Moscow, and Tel Aviv as well as long-haul intercontinental flights are fully catered in Economy except alcohol." Economy ." Iberia. Retrieved on 13 December 2011.
Accidents and incidents
, a total of 37 aircraft operated by or for Iberia have been written off in accidents and shoot-downs since 1939. Several Iberia aircraft have also been hijacked. These incidents and accidents include the following:
See also
Further reading
Javier Vidal Olivares (2026). 9789706942241, Universidad Autónoma de Nuevo León and Universidad de Alicante. ISBN 9789706942241
Javier Vidal Olivares (2026). 9788437070841, Publicacions de la Universitat de València. ISBN 9788437070841
External links
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