Iberia is the flag carrier airline of Spain. Based in Madrid, it operates an international network of services. Its main bases are Madrid-Barajas Airport and Barcelona El Prat Airport.

The Iberia fleet consists of the 116 aircraft: Airbus A319-100, Airbus A320-200, Airbus A321-200, Airbus A340-300 and Airbus A340-600.

Iberia Airlines currently flies to 38 domestic destinations and 82 international destinations in 44 countries across Africa, Americas, Asia and Europe.

Iberia is allied with American Airlines, Qantas, Avianca, British Airways, PLUNA of Uruguay and Grupo TACA, and on 1 September 1999, the company joined the Oneworld alliance.

Iberia has a codeshare agreement with several Oneworld members: Cathay Pacific on flights from Amsterdam and London Heathrow to Hong Kong, Japan Airlines on flights from Amsterdam to Tokyo Narita and Royal Jordanian from Madrid to Amman.