Iberia is offering 50% off award bookings if you ticket by February 10 and travel between February 1 and April 15. This works for all cabins including business class as long as you’re traveling on Iberia. That means business class between the US and Spain from just 17,000 miles each way.
The promotion prices automatically (there’s no promotion page apparently, per Travel With Massi.
Hat tip for this offer to One Mile at a Time who points out that the promotion is available to accounts with an address in Spain, however “anecdotally if you change the address on file on your Iberia Plus account (it could be to a hotel or whatever), log out of your account, and log back in, you should find that you’re eligible for the promotion.”
Iberia is a oneworld airline based in Spain with an underrated fully flat business class product. They’re owned by IAG, the same airline that owns British Airways, and they’re a oneworld partner of American Airlines.
The great thing about Iberia is that when you use Iberia Avios to redeem for Iberia flights they charge fewer miles than British Airways or American does and they do not add usurious fuel surcharges.
Chase and American Express points transfer directly to Iberia. British Airways points transfer to Iberia as well provided your Iberia account has been open 90 days or longer and has earned even one point.