airline · ES
IberiaIAG's Spanish flag carrier; hub at Madrid Barajas. Segment reported with Iberia Express.
New results likely published — extraction pending · estimated from reporting cadence
Op. profit
Load factor
Millions of EUR, as reported · calendar-normalized quarters
Operating profit ÷ revenue, computed from reported figures
| Period | Revenue | Op. profit | Load factor | ASK | Net result | Load factor |
|---|---|---|---|---|---|---|
| Q1 2026 | ||||||
| Q4 2025 |
Iberia operating profit rose EUR 27m year-on-year to EUR 164m, helped by a weaker US dollar and an earlier start to the Easter holidays.
Iberia redeployed capacity previously flown to the Middle East (suspended amid the conflict) to Latin America and the Spanish Islands.
“Iberia has redeployed capacity previously flying to the Middle East to Latin America and the Spanish Islands.”
Group ASK growth (+0.2%) was below the ~2% plan due to Middle East cancellations and engine-related aircraft availability issues, particularly impacting Iberia.
Iberia's MRO 'Other revenue' fell as manufacturers now charge certain component costs directly to the airline customer rather than through Iberia's MRO contracts.
Parent IAG expects full-year profit below original plan as higher fuel costs bite from Q2; it is 70% hedged for the rest of 2026.
Iberia was one of the two biggest drivers of IAG's 2025 operating profit growth, lifting full-year operating profit by €286m to €1,313m at a 16.2% margin.
“Iberia delivered a 16.2% margin”
Iberia deployed new A321XLR aircraft on the South Atlantic, launching first-ever service to Fortaleza and Recife in Brazil, growing Latin America frequencies.
In Q4 Iberia carried 3.5% fewer passengers year-on-year while ASK rose 0.9% and load factor improved 0.7pts to 88.5%, reflecting a shift to longer-haul gauge.