This airline was formed in 2011 as a result of merger between Iberia Airways of Spain and British Airways of United Kingdom, both flag carrier airlines of their countries.
Registered in Madrid, Spain, its operational headquarters is situated in London, UK, and it also acquired Aer Lingus, the second-largest airline in Ireland and Vueling Airlines, a Spanish airline. The acquisition of Aer Lingus was done to capture the air traffic between USA and Ireland.
There is a significant population in USA with Irish roots. International airlines is focusing on this target segment for growth of Aer Lingus.
This group believes the airline industry is moving gradually towards consolidation and its mission is to play its full role in the consolidation of this industry both on a regional scale as well as global scale. It is aiming for global leadership in the aviation sector. Till 2015, its objective was to focus on goals laid out in 2011 which focused on improving the business of British Airways and Iberia which were reeling from the impact of global financial crisis. It aims to develop its airlines as a brand separately. And it sees itself more as an umbrella corporation where member airlines can flourish.
All the airlines in this group operate under their separate brand names. Combined together this airlines transported 88 million passengers in 2015. British Airways and Iberia are also members of the One World Alliance. While British Airways is based at Heathrow Airport in London, Iberia is based at Madrid airport and Barcelona airport.
Sales: $ 25.3 bn
Profit: $ 1.7 bn
Assets: $ 30.7 bn
Fleet Size: 529
Passengers Carried: 95 million
Company Slogan: To Fly. To Serve.(British Airways) / And tomorrow, can you imagine? (Iberia)