Spanish flag-carrier Iberia announced it will launch a five-times-weekly summer service between Madrid Barajas and Toronto Pearson starting 13 June 2026, operated by 182-seat Airbus A321XLR aircraft. The narrow-body long-range jet will offer 14 business-class seats and 168 in economy, departing Madrid at noon and arriving in Toronto mid-afternoon.
Toronto will become Iberia’s sole Canadian destination and the 49th city in its global network, complementing British Airways’ and Aer Lingus’s oneworld trans-Atlantic joint venture. For Canadian corporates with Iberian operations, the route provides a non-stop alternative to connections via London or Paris and may reduce total journey time by up to three hours.
![Iberia unveils five-weekly Madrid–Toronto service using next-gen A321XLR]()
The A321XLR’s economics allow Iberia to profitably serve “thin” long-haul markets. Analysts expect Air Canada and WestJet to monitor bookings closely; Iberia’s entry could trigger a fare-war in the YYZ–Europe leisure segment next summer. Travel managers should watch for promotional business-class pricing in the CAD 2,900–3,200 range return.
Although the inaugural flight is 18 months away, advance sales open later this week. Companies with Spanish subsidiaries should update preferred-carrier lists, while HR teams may need to adjust per-diem budgets to account for increased travel volume between headquarters and Madrid.
Toronto will become Iberia’s sole Canadian destination and the 49th city in its global network, complementing British Airways’ and Aer Lingus’s oneworld trans-Atlantic joint venture. For Canadian corporates with Iberian operations, the route provides a non-stop alternative to connections via London or Paris and may reduce total journey time by up to three hours.
The A321XLR’s economics allow Iberia to profitably serve “thin” long-haul markets. Analysts expect Air Canada and WestJet to monitor bookings closely; Iberia’s entry could trigger a fare-war in the YYZ–Europe leisure segment next summer. Travel managers should watch for promotional business-class pricing in the CAD 2,900–3,200 range return.
Although the inaugural flight is 18 months away, advance sales open later this week. Companies with Spanish subsidiaries should update preferred-carrier lists, while HR teams may need to adjust per-diem budgets to account for increased travel volume between headquarters and Madrid.
