Iberia is a Spanish airline that is a member of the oneworld alliance. That means that you can use Iberia frequent-flyer miles to fly on other oneworld airlines, which include American Airlines, British Airways, Cathay Pacific, Finnair, Japan Airlines, LATAM (LAN), Malaysia, Qantas, Qatar Airways, Royal Jordanian, S7 and SriLankan Airlines.
Iberia calls their frequent flyer miles “avios”, and they can be interchanged with British Air avios. Sometimes, it takes fewer avios to fly on a partner airline than it would to use that airlines’ own frequent-flyer miles. So, avios can be very handy!
Back in April Dan’s Deals posted a chart showing the number of frequent-flyer miles needed from travel from New York City to almost everywhere. Six airlines are included in the chart, as well as Coach and Business classes.
Delta and United Airlines are skirmishing over fares from several California airports to Stockholm, Sweden, for August departures. A fare war including American Airlines is continuing for flights from New York to Scandinavia. Iberia Airlines is in the fight also.
Check the airline websites, Google Flights and/or your favorite online travel agency (Expedia, Priceline, Travelocity, etc.) to see what is available. Look for round-trip fares in the $300s from the East Coast and the $600s from the West Coast.
BA Avios are handy because reservations made with them (including for American Airlines flights) can be cancelled for only about $3. This compares very, very favorably with the $150 cost to cancel a reservation for the same flight made with AAdvantage miles.
You can purchase up to 100,000 Iberia Avios with a current Groupon deal, then convert them to BA Avios.