Iberia Plans to Invest €6 Billion in the 2030 Flight Plan, its Strategic Guide for the Coming Years
Source: Iberia The airline's new strategic plan sets the goal of achieving annual profitability of between 13.5 and 15%, which will allow for an investment of €6 billion over the course of the plan. Iberia aims to expand its current 45 long-haul aircraft fleet until it reaches 70, to position Barajas as a major European hub. It will also renew its short- and medium-haul fleet. Iberia will strengthen its frequencies and expand its destinations by flying to Toronto, Philadelphia, and Monterrey, as well as the newly announced destinations: Recife, Fortaleza, and Orlando. The plan includes the renovation of 100% of long-haul cabins, the opening of an additional Premium lounge in Terminal 4 at Barajas Airport, and a strong commitment to [...]