July 23, 2017 1:28 AM 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 and Director
Age: 60
Chairman and President
Age: 66
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 2017.

IBERIA LAE SA Key Developments

Cathay Pacific Announces New Code Share Agreement with Iberia

Cathay Pacific announced a new code share agreement with Iberia, which will see its customers benefit from extensive new connections to destinations in the Iberian Peninsula and the Balearic Islands. The codeshare agreement signed by the two oneworld carriers will see Cathay Pacific place its "CX" code on selected services operated by Iberia between Madrid and five popular destinations in Spain: Alicante, Barcelona, Bilbao, Palma and Valencia. The "CX" code will also be placed on Iberia's scheduled flights between Madrid and Lisbon, Portugal's capital and largest city. Cathay Pacific currently operates four weekly flights between Hong Kong and Madrid with its Boeing 777-300ER aircraft. The airline will launch a new seasonal summer service to Barcelona with the Airbus A350-900 aircraft from July. Cathay Pacific customers travelling on Iberia codeshare flights from Madrid will enjoy the convenience of checked-through baggage service to their final destination, in addition to being eligible to earn Asia Miles on their trip.

Qatar Airways and Iberia Signs New Codeshare Agreement

Qatar Airways and Iberia airline have announced a new codeshare agreement under the Oneworld alliance. The codeshare partnership will touch on over 25 routes starting March 20. New Qatar operated routes by Iberia will be from Madrid to A Coruna, Alicante, Almeria, Asturias, Bilbao, Fuerteventura, Gran Canaria/Las Palmas, Granada, Ibiza, Jerez de la Frontera, Lanzarote, Lisbon, Logrono-Agoncillo, Malaga, Melilla, Palma Mallorca, Pamplona, Porto, San Sebastian, Santa Cruz de la Palma, Santander, Santiago de Compostela, Seville, Tenerife North, Tenerife South, Valencia, and Vigo. The new Iberia operated route by Qatar will be from Doha to Madrid.

Iberia Announces Unaudited Earnings and Operating Results for the Year Ended December 31, 2016

Iberia announced unaudited earnings and operating results for the year ended December 31, 2016. For the year, the company reported total revenue of EUR 4,586 million against EUR 4,698 million a year ago. Operating profit before exceptional items was EUR 271 million against EUR 222 million a year ago. Operating profit after exceptional items was EUR 271 million against EUR 222 million a year ago. EBITDAR was EUR 738 million. For the year, the company reported available seat kilometers (ASK) of 62,282 million, revenue passenger kilometers (RPK) of 51,064 million, and seat factor of 82.0%.

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Recent Private Companies Transactions

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