Iberia, Lineas Aereas De Espana, S.A
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Iberia, Lineas Aereas de Espana, S.A. Company Profile Publication Date: 17 Oct 2011 www.datamonitor.com Europe, Middle East & Africa Americas Asia Pacific 119 Farringdon Road 245 5th Avenue Level 46 London 4th Floor 2 Park Street EC1R 3DA New York, NY 10016 Sydney, NSW 2000 United Kingdom USA Australia t: +44 20 7551 9000 t: +1 212 686 7400 t: +61 2 8705 6900 f: +44 20 7551 9090 f: +1 212 686 2626 f: +61 2 8088 7405 e: [email protected] e: [email protected] e: [email protected] Iberia, Lineas Aereas de Espana, S.A. ABOUT DATAMONITOR Datamonitor is a leading business information company specializing in industry analysis. Through its proprietary databases and wealth of expertise, Datamonitor provides clients with unbiased expert analysis and in depth forecasts for six industry sectors: Healthcare, Technology, Automotive, Energy, Consumer Markets, and Financial Services. The company also advises clients on the impact that new technology and eCommerce will have on their businesses. 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TABLE OF CONTENTS TABLE OF CONTENTS Company Overview..............................................................................................4 Key Facts...............................................................................................................4 Business Description...........................................................................................5 History...................................................................................................................7 Key Employees...................................................................................................10 Key Employee Biographies................................................................................11 Major Products and Services............................................................................17 Top Competitors.................................................................................................18 Company View.....................................................................................................19 Locations and Subsidiaries...............................................................................21 Iberia, Lineas Aereas de Espana, S.A. Page 3 © Datamonitor Iberia, Lineas Aereas de Espana, S.A. Company Overview COMPANY OVERVIEW Iberia Lineas Aereas de Espana (Iberia) is engaged in the air transportation of passengers and cargo. It also provides support services for passengers and planes in airports, and aircraft maintenance. Iberia operates a network serving three markets including Spain, Europe and the Americas. The company primarily operates in Europe and the Americas. It is headquartered in Madrid, Spain and employs around 21,592 people. The company recorded revenues of E4,582 million (approximately $6,084.4 million) in the fiscal year ended December 2010, an increase of 8.3% over 2009. The company's operating loss was E26 million (approximately $34.5 million) in fiscal 2010, as compared to an operating loss of E475 million (approximately $630.7million) in 2009. Its net profit was E89 million (approximately $118.2 million) in fiscal 2010, as compared to the net loss of E273 million (approximately $362.5 million) in 2009. KEY FACTS Head Office Iberia, Lineas Aereas de Espana, S.A. Calle Velazquez 130 28006 Madrid ESP Phone 34 91 587 75 74 Fax Web Address http://grupo.iberia.es Revenue / turnover 4,582.0 (EUR Mn) Financial Year End December Employees 21,592 Bolsa de Madrid IBLA Ticker Iberia, Lineas Aereas de Espana, S.A. Page 4 © Datamonitor Iberia, Lineas Aereas de Espana, S.A. Business Description BUSINESS DESCRIPTION Iberia Lineas Aereas de Espana (Iberia) is an international air transport group engaged in the transport of passengers and freight. The company operates flights from Spain to Europe and from Europe to Latin America. Iberia has a fleet of 161 aircraft and flies to 116 destinations in 45 countries. Iberia also maintains its own fleet and those of other airlines, and performs aircraft and passenger handling services at all Spanish airports, amongst other activities.The company is a member of the oneworld alliance, which allows it to extend its air transport business worldwide. The company operates through three business activities which include: transportation of passengers and cargo; aircraft maintenance; and handling services in airports. Iberia is primarily engaged in business of transport of passengers and cargo. The company flies to more than a 100 destinations in 45 countries, and, under code-sharing arrangement with other carriers it reaches another 190 cities. In addition, it offers its customers the air corridor: the Madrid-Barcelona Puente Aereo, the walk-on shuttle service connecting Spain two most important cities. The company offers 35 destinations in Spain; 43 destinations and another 30 under code-sharing with other airlines in Europe; 11 destinations and 13 under code-sharing in Africa; 26 destinations and another 129 under code-sharing in America; and one destination and 12 under code-sharing in Near and Far East and Oceania. Iberia and its franchise partner Air Nostrum operates Iberia Regional/Air Nostrum which has 67 aircraft and flies to about 60 destinations in Spain, elsewhere in Europe, and in North Africa.Vueling, a new generation airline owned by Iberia, with a 45.85% stake, and another two partners, Nefinsa (5%) and Inversiones Hemisferio (14%). Vueling is a new generation airline owned by Iberia with a 45.85% stake, and another two partners, Nefinsa (5%) and Inversiones Hemisferio (14%). Vueling has a fleet of 35 aircraft serving 45 destinations in Spain, Europe and North Africa. Iberia cargo manages air freight and mail carried in the holds of Iberia’s airliners, and well as dedicated cargo planes, and a fleet of ground delivery vehicles. Iberia through its Cacesa subsidiary provides an express parcel service. Iberia cargo provides all-electronic, paperless procedures for air shipment operations. Iberia maintenance carries out inspections and repairs of airframes, aircraft engines, and components for the Iberia fleet and other customers from all over the world. The company's maintenance and repair activities are carried out in seven hangars and numerous workshops and bench-testing facilities on a 2.5 million m2 site adjoining Madrid-Barajas Airport. Iberia supplies airport handling services such as servicing aircraft, handling baggage, and serving passengers at 41 Spanish airports. The handling division has a fleet of 11,000 ground vehicles and 8,170 equipments. Iberia, Lineas Aereas de Espana, S.A. Page 5 © Datamonitor Iberia, Lineas Aereas de Espana, S.A. Business Description The company also provides other business services such as information technology (IT) and telecommunications services to its airline and outside clients. Its services include IT systems development processes, maintenance of IT systems and data processing centre, user care and support, management of procurement of IT products and services and technical assistance services. Iberia, Lineas Aereas de Espana, S.A. Page 6 © Datamonitor Iberia, Lineas Aereas de Espana, S.A. History HISTORY Iberia Lineas Aereas de Espana (Iberia) was founded in 1927 by Horacio Echeberrieta. In the same year, the company began a regular service between Madrid and Barcelona. In the following year, Iberia started with three Rohrbach Roland aircraft. The company initially focused on domestic routes until 1939, when regular services commenced between Madrid and Lisbon. The Spanish government took control of the company in 1944, and extra state funding facilitated further growth, with a new service connecting Madrid with London and Rome commencing in 1946. Shortly afterwards regular flights to Havana, Caracas, Puerto Rico, Mexico City, Rio de Janeiro, and New York