Iberia, the Spanish airline, has announced the successful conclusion of negotiations with SEPLA, the Spanish Pilots Union. This agreement marks a significant development, extending the existing 10th Agreement until December 31, 2027. The revised agreement introduces a groundbreaking profit-sharing model for pilots, aiming to align employee earnings with the airline’s financial performance and operational achievements.
Under the new terms, pilots will see a direct increase in their earnings, which will be linked not only to Iberia’s financial success but also to key metrics such as punctuality, customer satisfaction (as measured by Net Promoter Score or NPS), and overall productivity. This innovative approach signifies a shift towards a more collaborative and equitable partnership between the airline and its pilots.
Marco Sansavini, President of Iberia, highlighted the significance of this agreement, stating that it represents a crucial step in building a strong future for the company. He emphasized that sharing financial and operational successes with employees strengthens the company’s ‘virtuous circle,’ a cycle where achieving excellent results enables further investment in retaining talent, improving customer service, and advancing environmental sustainability.
The agreement with SEPLA is seen as a pilot project for a broader initiative across the Iberia Group. The management is committed to expanding this profit-sharing model to all employee groups, recognizing the integral role of every individual in driving the airline’s success. Negotiations with representatives from various worker groups are already underway, aiming to tailor agreements that meet the unique needs of each sector while ensuring equitable benefits for all employees.
This move by Iberia reflects a growing trend in the airline industry toward employee-centric initiatives, where companies recognize the importance of employee engagement and participation in achieving sustainable success. The new agreement with SEPLA sets an example for other airlines, demonstrating the potential of profit-sharing models to create a more aligned and motivated workforce.
