Wrong! Iberia is done! IB is giving lots of their routes to Vueling, with more aircraft and they are now planing to create Vueling Atlantic in order to get Iberia long haul routes as well.
There's still is no P2F at Iberia. I take your point though, I can't understand why SEPLA are letting Iberia management expand Vueling at the expense of Iberia shorthaul, I don't know the history. Perhaps someone in the know could enlighten us.
What I can tell you is that BALPA won't allow BA outsource any flying without a fight - we were about to walk out the door over Open Skies until we got shafted by some bullsh!t EU legislation. I believe P2F would be viewed with equal contempt if suggested by BA management.