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Iberia flights (and codeshares) are pricing extra, extra cheap on travelocity.com and other online travel agencies.
Try plugging in dates all throughout 2011 to Paris, Brussels and Milan- I am seeing roundtrip fares on tons of dates for as low as $251 roundtrip to MXP (Milan) from JFK. Beware- since these are deep discount Iberia coded fares, you will only get 30% mileage credit on AA, but they are still a really cheap way to get to Europe.
Book now because these won’t last long!