- Iberia Express is a Spanish low-cost airline based in Madrid. It is a subsidiary of Iberia, the flag carrier airline of Spain. Iberia Express operates short and medium-haul flights to various destinations in Europe, including popular cities such as Paris, Amsterdam, Rome, and London. The airline was founded in 2011 and has since grown to become one of the leading low-cost carriers in Spain. Iberia Express offers a range of services to its passengers, including the option to purchase additional services such as extra baggage or seat selection. Overall, Iberia Express provides a convenient and affordable option for travelers looking to fly within Europe.