The Spanish airline Iberia announced that as part of its 2030 Flight Plan, it plans to invest six billion euros , add new aircraft, and reach other destinations such as Toronto, Canada; Philadelphia, United States; and Monterrey, Mexico .
Marco Sansavini , Iberia’s CEO, indicated that this outlook is due to the transformation process and results achieved over the last decade, which is why they expect to achieve annual profitability of between 13.5% and 15% during the period.
“It’s an investment that’s 70% directed toward the fleet and the rest toward other elements. Of what will be allocated to the fleet, 80% will be for growth and making Madrid a leading hub, and the rest for renovation. Then, investments related to the customer, employees, and facilities,” he emphasized.
In this regard, Sansavini explained that they are seeking to increase the number of long-haul aircraft from 45 to 70 , with capacity allocated between Europe and Latin America, Spain and the United States, Madrid and Europe, and the domestic market.
Regarding the new flights to Toronto, Philadelphia, and Monterrey, which is the second destination in Mexico, as it currently has a presence at Mexico City International Airport (AICM) , he specified that they will begin in the summer of 2026.
“With the new fleet, we’re not only going to open new destinations, but also strengthen those we already serve through increased frequencies. Throughout the arrival of the new aircraft, we’ll share the evolution of the network,” Sansavini stated.
The plan includes the renovation of 100% of long-haul cabins , the opening of an additional premium lounge in Terminal 4 of Barajas Airport , and a strong commitment to digitalization and Artificial Intelligence (AI) to improve the customer experience.
Likewise, the new Ciudad Iberia will be built in La Muñoza , a cutting-edge aeronautical innovation center, where the corporate headquarters will also be relocated. It also plans to hire 1,000 people annually, reaching 250,000 direct, indirect, and induced jobs and contributing €19 billion annually to Spain’s Gross Domestic Product (GDP), among other initiatives.
He recalled that the plan’s three strategic lines have been presented throughout the year: boosting financial and operational strength, developing Madrid as a leading European hub , and ensuring the future of maintenance.
During the presentation of the 2030 Flight Plan from Madrid, he mentioned that within these areas there are 20 initiatives such as fuel efficiency, strategic alliances, investment in people development and in the organization of the future, among others, all of which aim to strengthen Iberia.
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