• The airline's new strategic plan sets the goal of achieving annual profitability of between 13.5 and 15%, which will allow for an investment of €6 billion over the course of the plan.
• Iberia aims to expand its current 45 long-haul aircraft fleet until it reaches 70, to position Barajas as a major European hub. It will also renew its short- and medium-haul fleet.
• Iberia will strengthen its frequencies and expand its destinations by flying to Toronto, Philadelphia, and Monterrey, as well as the newly announced destinations: Recife, Fortaleza, and Orlando.
• The plan includes the renovation of 100% of long-haul cabins, the opening of an additional Premium lounge in Terminal 4 at Barajas Airport, and a strong commitment to digitalisation and AI to improve the customer experience.
• The Spanish airline will develop 'Ciudad Iberia' in La Muñoza, a cutting-edge aeronautical innovation centre, where the corporate headquarters will also be relocated.
• Iberia plans to hire an average of 1,000 new people per year to reach 250,000 direct, indirect, and induced jobs and contribute €19 billion annually to Spain's GDP, 42% more than it does today in terms of wealth and job creation.
• Coinciding with the airline's centenary in 2027, the Iberia Foundation will be launched to maximise the company's positive social impact.
Iberia today unveiled its new strategic plan, Flight Plan 2030, outlining the airline’s growth strategy for the coming years. The plan sets a target of achieving annual profitability between 13.5% and 15%, which will enable a total investment of €6 billion over its duration. This will translate, among other things, into a significant fleet increase. (....)