IAG STATEMENT ON IBERIA

International Airlines Group announces that Iberia has today informed its employees and trade unions that it intends to start a consultation period for a collective redundancy process which will involve up to 1,581 jobs.

This option was discussed as part of the collective bargaining negotiations with the airline’s unions last April. It is a continuation of Iberia’s transformation plan to introduce permanent structural changes across the airline enabling it to grow profitably in the future.