Iberia Express is a Spanish low-cost airline owned by Iberia, which operates short- and medium-haul routes from its parent airline's hub at Adolfo Suárez Madrid–Barajas Airport, providing feeder flights onto Iberia's long-haul network.

The launch of the airline was announced by IAG on 6 October 2011 and led to strike action in late December 2011 by pilots concerned over a potential loss of jobs caused by the new airline. Aircraft from other Iberia routes are due to be switched to the new Iberia Express operations, operated by newly employed pilots and cabin crew. Iberia intend for the airline to cover routes operated at a loss by the main airline, running with lower operating costs, and for the airline to have a fleet of 40 aircraft by 2015.

The airline began operating on 25 March 2012 and shares its head office with Iberia in Chamartín, Madrid. The airline began operations with 4 Airbus A320, using a two class Business and Economy configuration.

As of April 2014, the following destinations are served by Iberia Express:

As of September 2016, the Iberia Express fleet consists of the following aircraft:

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