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Don’t panic: Iberia devalues some off-peak awards, still a great deal Andrew Kunesh © Provided by The Points Guy MSN has partnered with The Points Guy for our coverage of credit card products. MSN and The Points Guy may receive a commission from card issuers. Iberia has long offered excellent business class award pricing from the U.S. to Madrid (MAD) on off-peak dates. Travelers flying from the East Coast can book one-way tickets for just 34,000 Iberia Avios one-way, and flights from the West Coast are a great deal too. Today Iberia raised the cost of award tickets to/from a handful of cities, including Chicago-O’Hare (ORD) and Los Angeles (LAX), effective immediately. Thankfully, the price increase isn’t

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