At the beginning of the summer season of 2017, the Iberia Group is adding new destinations, as well as more capacity on some long-haul routes, while changing the operational model on others. On March 26th, Iberia will launch Madrid-Basel flights every day except Thursday, making the city the Spanish airline’s third destination in Switzerland.
Iberia has unveiled its new premium economy cabin, to be available on 37 of its long-haul aircraft, starting during the summer season of 2017. The new cabin will be installed on eight Airbus A330-300s and 13 of the airline’s A340-600s, to be modified in the course of the next two years, and will come factory-equipped with it in the 16 new A350-900s to be delivered starting in 2018.
Today Iberia will join Japan Airlines, British Airways and Finnair in their joint business between Europe and Japan. The joint business means that the four airlines will share revenue and cooperate on scheduling and pricing between Japan and Europe, providing customers with more flexible routing options and an attractive range of fares.
Japan’s ministry of land, infrastructure, transport and tourism has granted an extension of the anti-trust immunity to include Iberia in the joint business between Japan Airlines, British Airways and Finnair. The decision will allow the four airlines to cooperate commercially on flights between Europe and Japan. Iberia is expected to join the existing joint business between the other three airlines as from October 18th, 2016.
International Consolidated Airlines Group has reported second quarter operating profit €555 million before exceptional items for the six months to June 30th, 2016. This compared to an operating profit of profit of €530 million for the same period last year. Removing recently acquired Aer Lingus from the figures would have left IAG with operating profits of €487 million.
The first step has been taken to enable Iberia to join British Airways, Finnair and Japan Airlines in their successful joint business on flights between Europe and Japan. JAL has submitted its application to the Japanese ministry of land, infrastructure, transport and tourism seeking antitrust immunity with Iberia to cooperate on flights between Europe and Japan.
Travelport has signed new agreements with British Airways and Iberia that sees both airlines sign up for the provider’s industry leading airline merchandising solution, Travelport Rich Content and Branding. The agreement continues Travelport’s long standing relationship with both British Airways and Iberia and demonstrates the value the airlines see in Travelport’s innovative merchandising and retailing technology.
Iberia has announced non-stop flights from Madrid to both Tokyo and Shanghai.Luis Gallego, Iberia chairman, explained: “We have always wanted to be a global airline. “With these routes to Tokyo and Shanghai, we take a step in that direction, while we bring closer our country to two economical and touristic powers such as Japan and China.”
Iberia is making plans to open new routes to Asia, Africa and the Americas in the next two years. The new destinations will be announced before the end of the year, following negotiations and profitability studies This expansion is made possible by the successful implementation of Iberia’s Plan de Futuro and consequential improvements in costs and earnings performance, which is meeting the company’s objectives, as the latest report by parent IAG attests.
Iberia will begin hiring to fill 120 pilot positions in the coming weeks, after 11 years without accepting applications. The new pilots will join Iberia over the next two years, starting this summer. Agreements between the company and the pilots union SEPLA signed in February last year brought improvements in cockpit costs and productivity, while changing entry-level conditions for new pilots, aligning them with those of other airlines.
Iberia has announced a new partnership agreement with Avis Budget Group, which has become the exclusive car rental partner of the airline’s loyalty programme, Iberia Plus. The partnership launch campaign, We Travel Together, highlights the opportunity for Iberia Plus members to earn Avios for every rental booked.
The Iberia Group has revealed it will launch non-stop flights from London to Majorca and to Gran Canaria and in the Canary Islands through its subsidiary Iberia Express. At the start of the summer season the Spanish carrier will operate one daily flight to Palma, Majorca from Palma de Mallorca.