Air Europa was founded in 1986 by Globalia Corporación Empresarial, S.A. in Spain. Air Europa’s headquarters are currently located in Mayorka and the main base in Madrid-Barajas Airport. Air Europa is not a star alliance member. The company has 3 stars on Skytrax rating. Maria Jose Hidalgo leads the company as the CEO. Its subsidiaries include  Air Europa Lineas Aereas and Sa - Sucursal Em Portugal.

Air Europa employs more than 2,949  employees worldwide and operates a mainline fleet of more than 52 aircraft. It has declared € 1,787,000,000 in revenue. Air Europa offers service to 44 destinations in 19 countries.

Air Europa’s fleet consists of Boeing 737 Next Gen model aircrafts. The average age of the fleet is 7.1 years. The youngest aircrafts are the Boeing 787 at 1.5 years old. They rank 12 among 54 airlines operating this type of aircraft. The most common aircraft in the fleet is the Boeing 737 Next Gen with 20 of them at hand. They rank 53 among 249 airlines operating this type of aircraft.