Iberia and SEPLA Reach Agreement to Share Profits with Pilots upon Meeting Financial, Operational, and Customer Service Goals.
19 de august de 2024 – Iberia and the SEPLA pilots’ union have reached a significant agreement that extends the current X Collective Agreement by two years, now set to expire on December 31, 2027. This new deal introduces a profit-sharing model that rewards pilots based on the airline’s financial performance and achieving key operational and customer satisfaction targets.
Profit-Sharing Model:
Under the new terms, Iberia pilots will receive additional compensation linked to the company’s profitability and operational excellence. These metrics include punctuality, Net Promoter Score (NPS)—a measure of customer satisfaction—and overall productivity.
Marco Sansavini, President of Iberia, emphasized the importance of this agreement, stating, “Our partnership with SEPLA is crucial for the future of Iberia. By sharing financial and operational successes with our employees, we foster a virtuous cycle that drives us to achieve outstanding results, allowing us to further invest in talent retention, customer service enhancement, and environmental sustainability.”
Key Aspects of the Agreement:
- Extended Stability:
The X Collective Agreement will now remain in effect until the end of 2027, providing a stable framework for the coming years. The enhancements introduced through this agreement are additions to the existing contract without altering any of its original terms. - Enhanced Compensation:
A new pay scale has been added, supplementing the existing one. This additional scale includes a consolidated increase tied to the airline’s profitability exceeding 12%, along with a non-consolidated component linked to achieving excellence in punctuality, NPS, and productivity. - Veteran Benefits:
A new Special Rescission model has been introduced, offering improved options for veteran pilots with greater guarantees. - LEVEL Expansion:
The agreement increases the number of LEVEL aircraft operated by Iberia pilots from six to eight, with current economic conditions remaining unchanged for those flying these IAG aircraft. - Work-Life Balance and Productivity:
Pilots will now receive their schedules 14 days in advance, allowing for better personal and family life planning while maintaining productivity levels. - Fleet Expansion:
The ambition was to establish a growth framework for the short-haul fleet in Iberia and Iberia Express based on business opportunities in each segment. However, an agreement with the Iberia Express pilots’ union has not yet been reached, leading to a freeze in Iberia Express’s growth. As a result, the next four aircraft allocated to the Iberia Group will be integrated into Iberia.
Broader Implications:
While this agreement currently applies only to Iberia pilots, the company aims to extend this profit-sharing model across all groups within the Iberia Group. Recognizing the vital role that all employees play in achieving excellent financial and operational results, Iberia’s management is committed to negotiating similar agreements with other employee groups. These discussions will consider the unique needs of each business unit, with the goal of securing mutually beneficial outcomes for all Iberia Group employees.