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Iberia, the Spanish airline under the International Airlines Group (IAG), has announced plans for significant expansion in its long-haul network. The company is considering an investment of up to €6 billion ($6.9 billion) over the coming years, focusing on new aircraft acquisitions and route expansions.
The planned investments will see Iberia's long-haul fleet grow from 45 to 70 aircraft, including models like the Airbus A321XLR, A330-900, and A350-900. This expansion aligns with Iberia's strategic '2030 Flight Plan,' which aims for annual profitability between 13.5% and 15%, supporting their investment goals.
Marco Sansavini, President and CEO of Iberia, emphasized the company's growth ambitions: “Thanks to Iberia’s profound transformation over the last decade and the efforts of all our people, we are now delivering results that allow us to look to the future with confidence and invest €6 billion in our Flight Plan 2030.”
