October 21, 2014 4:53 AM ET


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


Founded in 1927

18,667 Employees


34 902 40 05 00


34 915 87 47 41

Key Executives for IBERIA LAE SA

Chief Executive Officer
Age: 57
Age: 63
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 2014.

IBERIA LAE SA Key Developments

Iberia Reports Traffic Results for the Month and Year to Date Ended August 2014

Iberia reported traffic results for the month and year to date ended August 2014. For the month, the company reported revenue passenger km of 4,104 million against 3,946 million a year ago. Available seat km was 5,149 million against 4,851 million a year ago. Cargo Tonne Km was 77 million against 74 million a year ago. For the year to date, the company reported revenue passenger km was 28,184 million against 28,002 million a year ago. Available seat km was 35,892 million against 35,355 million a year ago. Cargo Tonne Km was 626 million against 648 million a year ago.

International Airlines Group Announces New Longhaul Aircraft for Iberia Lineas Aereas de Espana S.A

International Airlines Group (IAG) announced the conversion of eight Airbus A350-900 aircraft options into firm orders and delivery of eight A330-200 aircraft to Iberia Lineas Aereas de Espana S.A. These aircrafts will replace 16 A340 family aircraft in Iberia's longhaul fleet and will be delivered between 2015 and 2020. Both aircraft will provide cost efficiencies and environmental benefits, enabling Iberia to replace its long haul fleet with modern and fuel efficient aircraft. The new technology and improved aerodynamics will lower fuel burn and CO2 emissions per seat by 18%, as well as providing both noise and NOx performance advantages.

Iberia Reaches Agreement with Trade Unions

International Airlines Group announced that Iberia and its trade unions have reached an agreement on collective redundancies for pilots and ground staff. This could lead to a reduction of up to 1,427 jobs at the airline. The agreement enables Iberia to continue with its transformation plan to introduce permanent structural changes across the airline and to facilitate profitable growth in the future.

Similar Private Companies By Industry

Company Name Region
Alaeo SL Europe
Swiftair S.A. Europe
Vueling Airlines SA Europe
Macholfam International, S.L. Europe
LTE International Airways SA Europe

Recent Private Companies Transactions

April 22, 2014
Air Miles España, S.A.
April 8, 2014
Corjet Maintenance Europe SL

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact IBERIA LAE SA, please visit www.iberia.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.