The story of an airline turnaround: IAG & Iberia

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Iberia Express Airbus A320 (Image Credit: Iberia Express)
Iberia Express Airbus A320 (Image Credit: Iberia Express)

This post is perhaps for students of aviation rather than the travelling public at large, but it is something worth noting in any event.

We have written much in recent years about British Airways’ International Airlines Group (“IAG”) sibling Iberia, and the wildly divergent financial performance of the two airlines since the formation of IAG four years ago in 2011.

Since Iberia started to report very heavy losses in 2012, IAG has taken a number of steps to improve the performance of Iberia.

This has included a complete overhaul of its senior management by a new CEO and (after bitter and unedifying industrial action with some rather unpleasant anti-British sentiment) reaching new collective agreements with its pilots and other staff working groups.

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