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February 08, 2016 7:07 PM ET

Airlines

Company Overview of IBERIA LAE SA

Company Overview

IBERIA LAE SA provides passenger air transportation services. It also provides special flight services, including air shuttle, charter flight, trade fairs and congresses, bus and fly, and group booking services; and operates an on board store. The company operates flights for various destinations in Spain, Latin America, Europe, Africa, and the Middle East. It offers tickets through direct distribution channels and agents. The company was founded in 1927 and is based in Madrid, Spain. IBERIA LAE SA operates as a subsidiary of International Consolidated Airlines Group, S.A.

C/ Martínez Villergas, 49

Madrid,  28027

Spain

Founded in 1927

18,667 Employees

Phone:

34 902 40 05 00

Fax:

34 915 87 47 41

Key Executives for IBERIA LAE SA

Chief Executive Officer, Chief Operating Officer, Managing Director, Director and Member of Executive Committee
Age: 58
Chairman, President and Chairman of Executive Committee
Age: 64
Finance & Control Manager and Member of Management Board
Senior Vice President of Costumer Relations and Member of Management Board
Senior Vice President of Cargo Services and Member of Management Board
Compensation as of Fiscal Year 2015.

IBERIA LAE SA Key Developments

airBaltic Enters into a Code Share Agreement with Iberia

airBaltic has entered into a code share agreement with Iberia, offering convenient connections to Southern Europe and Northern Europe for passengers of both airlines. The new partnership will offer passengers convenient connections between Riga (Latvia) and Madrid (Spain) through common gateway airports in Europe.

Iberia Reports Traffic Results for the Month and Year to Date December 2015

Iberia reported traffic results for the month and year to date December 2015. For the month, the company reported revenue passenger Km of 3,896 million compared to 3,476 million a year ago. Available seat kilometers were 4,950 million compared to 4,453 million a year ago. Cargo Tonne kilometers were 103 million compared to 95 million a year ago. For the year to date, the company reported revenue passenger Km of 48,564 million compared to 42,686 million a year ago. Available seat kilometers were 59,872 million compared to 54,328 million a year ago. Cargo Tonne kilometers were 1,057 million compared to 999 million a year ago.

Iberia Launches Direct Flight Between Madrid and Budapest

Iberia launched a direct flight between Madrid and Budapest. The scheduled flight will operate twice a week, on Tuesdays and Thursday, until the end of October. Since Hungarian national carrier Malev was grounded in 2012, only discount airlines have offered direct flights between the two capitals. Travellers who demand more comfort now have an alternative.

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