History: The company was established in 1927 as Iberia, Compañia Aérea de Transportes, S.A. Crucial to the founding of Iberia was support from the German Deutsche Luft Hansa A.G. (Lufthansa)
The inaugural flight, Barcelona to Madrid, was launched in December 1927.
In July 1928 a twin-engined Dornier seaplane was chartered and took off from the southern town of Cádiz for the Canary Islands, with an eventual extension to the Cape Verde Islands. These would be used as a staging point for a postal route to South America.
At the end of the Civil War in 1939, with Barajas airport in Madrid as its base, Iberia began flights between Madrid and Barcelona, Burgos, Seville, and Valencia, as well as Lisbon, in Portugal with Junkers J-52 from Lufthansa. In 1946 London, Rome, Montevideo, and Buenos Aires were added to Iberia's list of destinations. The service to South America was a commercial success because it met demand from those cut off from Spain since before the Civil War.
After the war, Iberia continued its international expansion now as a national company, to the point of even created a second airline, Aviacion y Comercio (AVIACO), was granted authority to operate in 1948 destinations not served by Iberia, especially Bilbao.
In the 1970s,Douglas DC-9 and Boeing 747 airplanes were added to Iberia's fleet; services were started to Johannesburg, South Africa, and to cities in Mexico and Central America; and other routes were extended from Munich to Warsaw, Rome to Athens and then Istanbul.
However,not all was going well and In 1983 the company lost Pta 9.2 million.This was blamed on an increase in fuel prices, decline in the Latin American markets,appreciation of the dollar.Furthermore,Spanish internal flights were 30 percent cheaper than those in the rest of Europe.
By 1987 Iberia had expanded to include flights to Tel Aviv, Khartoum, Moscow, and Tokyo, as well as to several Canadian and U.S.cities. In the wake of improvements in the company's finances, management started a fleet modernisation program in 1988, with US$l billion in orders for Douglas MD-87, A-320, and A-340 aircraft as well as Boeing B-757 planes.
As part of its strategy to penetrate the South American market, Iberia acquired a 35 percent share in LADECO, the Chilean national carrier, in 1989. This was followed by an agreement in 1990 to acquire a stake in Aerolíneas Argentinas.
A new bilateral agreement allowed Iberia to become the first foreign carrier to ever establish a hub in the United States. In return, U.S. carriers were allowed to fly to Spain from several U.S. cities. The hub opened at Miami International Airport in May 1992.
Iberia agreed to sell most of its stake in Aerolineas Argentinas in April 1996. It had accumulated losses during the 1990's and it needed to recover losses and a restructuring plan was brought into effect with many strikes blocking it's negotiations.
Iberia gave Airbus its single largest European order to date in February 1998 to standardise it's fleet around Airbus planes. It joined the One world Alliance in 1999 together with British Airways and American Airlines. Iberia was looking for partnerships, British Airways would acquire nine percent of the company while American Airlines took one percent. Spanish investors took the other 30 percent.
In 2001, privatisation was completed and Iberia shares were listed on stock exchanges. In 2002, Iberia celebrated its 75th anniversary making it one of the oldest airlines in the world. During those 75 years nearly 500 million people have been flown by Iberia,placing the company among the five largest European airlines,The Iberia Group encompasses the Iberia Regional/Air Nostrum franchise. In addition to transporting passengers and freight, Iberia carries out many related activities, such as aircraft maintenance, handling in airports, IT systems, in-flight catering, and holiday packages.
On February 5, 2006 the new Terminal 4 at Madrid Barajas was awarded to Iberia and the Oneworld Alliance members. This provided expansion capabilities for Iberia. Iberia partially created and owned a low-cost carrier called Clickair, launched in November 2006, later converting into Vueling Airlines.
On November 12, 2009, Iberia Airlines confirmed that it had reached an agreement to merge with British Airways, forming the International Airlines Group.(IAG). Today's its one of the strongest airline groups in Europe connecting Europe with America, offering a good level of service, a modern fleet and continues new routes and expansion as Iberia orders new Airbus A-330 planes.
History Source: Wikipedia
Operations: Madrid and Barcelona are the bases for the Spanish Airline, which also has regional bases around Spain like Palma,Málaga or Valencia.
Iberia is best known for its connectivity to Central and South America. It serves the most routes than any other airlines at convenient times so getting down from Europe is made easy through its main Terminal 4 at Madrid Barajas.
Iberia also has a strong position in mainland Europe and serves most capitals. However to remain competitive, a lot of its services have been transferred to its sister company Iberia Express which is more of a mix to a low cost airline.
Iberia also flies away from it's home language, as far as Asia, Africa and USA.
Fleet: With an all Airbus fleet now, Iberia has one of the youngest fleets in Europe, from the smaller Bombardier CRJ700 and CRJ900 for domestic operations, to the Airbus 319, 320 and 321 for European and short haul routes. For the long haul flights it deploys the bigger A330 and A340-600. However these last will be phased out in favour of new A350 products.
| Great connectivity for flights to Central and south America.|| No complimentary food or drink on any short haul/medium routes.|
|Very modern and operating a young fleet of planes.|| Iberia, has switched many routes to it's low cost subsidiaries, Iberia Express.|
|Awarded most punctual European airline since 2015.|| Online check in available 24 hours before the departure, however some routes, you will get a seat at random assigned automatically, and if you wish to change it, there is a fee to pay.|
|Member of the One World Alliance, for points/millage redemption.|| Level of service by the cabin crew can be dry at times|
| Easy flight-connectivity at Madrid/Barcelona Airports|| Long haul routes are limited to one item checked in at 23kg.|
| || Economy seat pitch between seats is narrow, (long haul Aircraft A330-200). |