An illustration showing an Iberia plane
Europe

Iberia's Miracle Turnaround

Europe

Iberia's Miracle Turnaround

June 2026
31 min read
Gordon Smith and Jay Shabat
Subscribe Purchase ($55 USD)

Skift Take

It wasn't all that long ago that Iberia was fighting for survival. Today, it boasts Ryanair-like profitability. The Spanish flag carrier has transformed itself from a loss-making legacy laggard into a margin machine. How did Iberia pull it off — and can the success continue? We explore a great comeback in this week's feature story.

Issue Overview

It wasn't all that long ago that Iberia was fighting for survival. Today, it boasts Ryanair-like profitability. The Spanish flag carrier has transformed itself from a loss-making legacy laggard into a margin machine. How did Iberia pull it off — and can the success continue? We explore a great comeback in this week's feature story.