Editor's note: In late October 2024, Finnair dramatically increased award prices for flights within the continental U.S. and Canada. Economy award rates increased from 11,000 Avios to 16,500 Avios, and first-class rates increased from 30,000 Avios to 40,000 Avios.

Let’s talk about Avios.

Three airlines—Aer Lingus, British Airways and Iberia—use this rewards currency, yet they’re separate award programs. Same, same, but different. And, because the programs are different, they also use their own award charts and follow their own rules.

Although there are three loyalty programs that use Avios, in this article, we’ll focus on two: British Airways Executive Club and Iberia Plus.

Through April 11, Iberia Avios awards are being priced with a 25% discount in celebration of the company's 25th anniversary. The discounted price applies to travel dates now through June 15, 2017 as well as October 1 through December 15, 2017, flying any routes on Iberia, Iberia Express, and Iberia Regional Air Nostrum planes.

The only points that transfer directly to Iberia are Membership Rewards, but at the crappy rate of 250:200.