Iberia

Full-service airline

Spain's flag carrier, flying from its Madrid hub across Europe and to Latin America and North America, and running a large aircraft maintenance business.

Full-service airlineSince 1927Madrid, Spain

How it started

One of the two airlines that founded IAG.

2011bought by IAG

Iberia and British Airways completed their merger on 21 January 2011, becoming the first two airlines of the newly formed IAG.

How big it is

How big is Iberia?

24.8MPassengersFY2025

120AircraftFY2025

104Destinations

How it makes money

Earns most from passenger tickets through Madrid, plus aircraft maintenance and airport handling for other airlines.

Passenger tickets€6.13B
Maintenance, handling and other services€1.64B
Cargo€320M

Key moments

1927Founded in Madrid
1999Joins oneworld
2001Privatised and listed
2011IAG formed with British Airways
2012Iberia Express launched

Its place in IAG

IAG's Madrid hub and Latin America connector.

Iberia is IAG's link between Europe and Latin America through Madrid and runs the group's main maintenance and handling business.

Who it competes with

AAir Europa

Air France-KLM

Lufthansa GroupTTAP Air Portugal

What IAG does not disclose

Iberia's own annual report figures (grupo.iberia.com could not be downloaded)
Split of Iberia's other revenue between maintenance (MRO) and ground handling
Iberia employee count in IAG reporting
Number of destinations with a dated period (IAG's site gives a current count only)