Iberia , S.A., (Iberia Airlines of Spain in English), usually shortened to Iberia, is the largest airline of Spain, based in Madrid and is the Spanish flag carrier. It operates an extensive international network of services. Its main bases are Madrid Barajas International Airport and Barcelona International Airport.
In 2005 the airline reported a net profit of €395 million —its 10th consecutive year of profits. Iberia and Iberia Regional (Air Nostrum) transported 32,364,263 passengers in 2005.
The Iberia Group encompasses the Iberia Regional/Air Nostrum franchise. In addition to transporting passengers and freight, Iberia carries out many related activities, such as aircraft maintenance, handling in airports, IT systems, and in-flight catering.
Iberia Group airlines fly to over 100 destinations in 39 countries. Via code-sharing arrangements with other companies, it offers flights to another 90 destinations. With a fleet of over 200 aircraft, it makes about 1,000 flights each day. In 2002, Iberia carried 28 million passengers and 210,000 tons of freight.
On February 5, 2006 the new Terminal 4 at Madrid Barajas was awarded to Iberia and the Oneworld alliance members. This provided much-needed expansion capabilities for Iberia. Iberia alone is responsible for around 60% of the airport's traffic. In 2005 Iberia and its regional branch Air Nostrum transported 21,619,041 passengers to/from Madrid Barajas alone.
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