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Founded | 28 June 1927 | ||||||
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Commenced operations | 14 December 1927 | ||||||
AOC # | ES.AOC.001[1] | ||||||
Hubs | Adolfo Suárez Madrid–Barajas Airport | ||||||
Frequent-flyer program | Iberia Plus (Part of Avios Loyalty program) | ||||||
Alliance | Oneworld | ||||||
Subsidiaries | |||||||
Fleet size | 91 | ||||||
Destinations | 130[2] | ||||||
Parent company | International Airlines Group | ||||||
ISIN | ES0147200036 | ||||||
Headquarters | Ciudad Lineal, Madrid, Spain[3] | ||||||
Key people | |||||||
Revenue | €4.6 billion (2016)[5] | ||||||
Net income | €271 million (2016)[5] | ||||||
Website | www |
Iberia (Spanish pronunciation: [iˈβeɾja]), legally incorporated as Iberia Líneas Aéreas de España, S.A. Operadora, Sociedad Unipersonal, is the flag carrier of Spain.[6] Founded in 1927 and based in Madrid, it operates an international network of services from its main base of Madrid–Barajas Airport.[7] 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.[7]
On 8 April 2010, it was confirmed that British Airways and Iberia had signed an agreement to merge,[8] making the combined operation the third largest commercial airline in the world by revenue.[9] Shareholders of both carriers approved the deal on 29 November 2010.[10] 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.[11]