Spanish flag carrier Iberia is owned by British Airways parent company IAG. It’s a member of oneworld, and part of the same transatlantic joint venture as American Airlines. They have a nice business class product, and right now they have amazing business class award availability from several U.S. cities starting in the fall and extending through end of spring.
For instance here’s availability in business class for two passengers Chicago – Madrid in February:
And here’s Miami – Madrid in February:
And New York JFK – Madrid in February:
For Chicago and New York Iberia charges just 34,000 miles each way in business class.
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 the same substantial fuel surcharges as a BA redemption.
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.
And of course you can spend 57,500 American AAdvantage miles each way and connecting flights to the U.S. international gateway city, and connecting flights beyond Madrid to elsewhere in Europe, are included without additional miles.
This is a great opportunity to use American or British Airways miles to Europe next year with very good availability and low cost.