Cheap flights from Madrid to Reykjavik from $245 MAD → KEF
Adolfo Suarez Madrid-Barajas Airport (MAD) → Keflavik International Airport (KEF)
The cheapest return found recently is $347 with Wizz Air Malta, 21 May 2027 – 31 May 2027, found today. The cheapest one-way found recently is $245 with Wizz Air Malta, 21 Jun 2027, found yesterday.
- Cheapest one-way found recently
- $245, found yesterday
- Cheapest return found recently
- $347, 21 May 2027 to 31 May 2027
- Usual return price
- $260 to $349
- Cheapest month to fly
- December 2026, return fares from $233 found in the last 7 days
Return
The cheapest return fare on each of 11 departure dates is usually $260 to $349.
Cheapest return found recently
$347
21 May 2027 – 31 May 2027 · Wizz Air Malta
Adolfo Suarez Madrid-Barajas Airport (MAD) → Keflavik International Airport (KEF)
Leaves 11:05 p.m. · Return leaves 6:40 p.m. · 41 h 45 min of travel, both ways together
out 1 stop, back 1 stop
found today
Cheapest nonstop return
$519
14 Jul 2027 – 21 Jul 2027 · Icelandair
Adolfo Suarez Madrid-Barajas Airport (MAD) → Keflavik International Airport (KEF)
Leaves 4:10 p.m. · Return leaves 8:40 a.m. · 8 h 40 min of travel, both ways together
out nonstop, back nonstop
found 3 days ago
Found recently, and the cheapest we hold
$347 21 May 2027 – 31 May 2027found todaySee prices for these dates
$233 15 Dec – 22 Decfound 4 days agoSee prices for these dates
What have prices looked like?
Over 50 days, 24 Sept to 12 Nov, the cheapest return we saw each day was $152 to $380.
Those were the prices on those days, not today's.
Is this a good return price?
Compared with the cheapest return fare on each of 11 departure dates from 15 Dec to 14 Jul 2027, found by travelers' searches in the last 7 days (economy, the price the seller showed on Aviasales). The usual range is the middle half of those prices.
Could nearby dates be cheaper?
No. We hold 10-night return fares on 1 other departure date within 3 days of 21 May 2027, and it is not cheaper.
Every date we hold
12 fares on 11 departure dates
See the chart as a table
| Dates | From | Airline | Airports | Stops | Found | |
|---|---|---|---|---|---|---|
| 15 Dec – 22 Dec | $233 | Wizz Air Malta | Adolfo Suarez Madrid-Barajas Airport (MAD) → Keflavik International Airport (KEF) | out 1 stop, back 1 stop | found 4 days ago | See prices for these dates |
| 21 Dec – 26 Dec | $317 | Ryanair | Adolfo Suarez Madrid-Barajas Airport (MAD) → Keflavik International Airport (KEF) | out 1 stop, back 1 stop | found 5 days ago | See prices for these dates |
| 2 Jan 2027 – 9 Jan 2027 | $291 | Ryanair | Adolfo Suarez Madrid-Barajas Airport (MAD) → Keflavik International Airport (KEF) | out 1 stop, back 1 stop | found 5 days ago | See prices for these dates |
| 1 Feb 2027 – 12 Feb 2027 | $275 | Iberia | Adolfo Suarez Madrid-Barajas Airport (MAD) → Keflavik International Airport (KEF) | out 2 stops, back 1 stop | found 5 days ago | See prices for these dates |
| 2 Feb 2027 – 9 Feb 2027 | $244 | Wizz Air Malta | Adolfo Suarez Madrid-Barajas Airport (MAD) → Keflavik International Airport (KEF) | out 1 stop, back 1 stop | found 5 days ago | See prices for these dates |
| 7 Feb 2027 – 11 Feb 2027 | $241 | Wizz Air Malta | Adolfo Suarez Madrid-Barajas Airport (MAD) → Keflavik International Airport (KEF) | out 1 stop, back 2 stops | found 4 days ago | See prices for these dates |
| 20 Mar 2027 – 28 Mar 2027 | $335 | Ryanair | Adolfo Suarez Madrid-Barajas Airport (MAD) → Keflavik International Airport (KEF) | out 1 stop, back 2 stops | found 6 days ago | See prices for these dates |
| 20 May 2027 – 30 May 2027 | $351 | Wizz Air Malta | Adolfo Suarez Madrid-Barajas Airport (MAD) → Keflavik International Airport (KEF) | out 1 stop, back 1 stop | found today | See prices for these dates |
| 21 May 2027 – 31 May 2027 | $347 | Wizz Air Malta | Adolfo Suarez Madrid-Barajas Airport (MAD) → Keflavik International Airport (KEF) | out 1 stop, back 1 stop | found today | See prices for these dates |
| 1 Jul 2027 – 17 Jul 2027 | $505 | SAS Scandinavian | Adolfo Suarez Madrid-Barajas Airport (MAD) → Keflavik International Airport (KEF) | out 1 stop, back 1 stop | found today | See prices for these dates |
| 14 Jul 2027 – 21 Jul 2027 | $519 | Icelandair | Adolfo Suarez Madrid-Barajas Airport (MAD) → Keflavik International Airport (KEF) | out nonstop, back nonstop | found 3 days ago | See prices for these dates |
Which month looks cheapest?
December 2026 is the cheapest month — from $233.
Airlines on the cheapest dates: Wizz Air Malta, Ryanair, Iberia, SAS Scandinavian, Icelandair.
One-way
Not enough comparable prices yet for a usual one-way price.
Cheapest one-way found recently
$245
21 Jun 2027 · Wizz Air Malta
Adolfo Suarez Madrid-Barajas Airport (MAD) → Keflavik International Airport (KEF)
Leaves 11:05 p.m. · 19 h 10 min trip
2 stops
found yesterday
Cheapest nonstop one-way
None seen yet.
Found recently, and the cheapest we hold
$245 21 Jun 2027found yesterdayOpen this trip
It is also the cheapest one-way we hold, of any age.
What have prices looked like?
Over 35 days, 29 Sept to 12 Nov, the cheapest one-way we saw each day was $71 to $245.
At $245, the cheapest one-way found recently is at the high end of that range.
Those were the prices on those days, not today's.
Is this a good one-way price?
Not enough comparable prices yet: we hold one-way fares on 1 departure date and need at least 3 to say what is usual.
Could nearby dates be cheaper?
We hold no other one-way fares leaving within 3 days of 21 Jun 2027 to compare.
Every date we hold
1 fares on 1 departure dates
See every date as a table
| Dates | From | Airline | Airports | Stops | Found | |
|---|---|---|---|---|---|---|
| 21 Jun 2027 | $245 | Wizz Air Malta | Adolfo Suarez Madrid-Barajas Airport (MAD) → Keflavik International Airport (KEF) | 2 stops | found yesterday | Open this trip |
Airlines on the cheapest dates: Wizz Air Malta.
Premium cabin fares from Madrid to Reykjavik
We hold no premium economy, business or first-class fares for this route: we collect them for the busiest routes, and this one is not among them yet.
Today's prices for 21 May 2027 – 31 May 2027 in another cabin: Premium economy · Business · First
Today's prices for 21 Jun 2027 in another cabin: Premium economy · Business · First
How far ahead were prices cheapest for Madrid to Reykjavik?
Return
The cheapest fares were 30 to 59 days before departure.
From the cheapest return each day between 24 Sept and 12 Nov (50 days), grouped by how many days ahead the flight left; one adult in economy.
Each range covers different departure dates, so this compares typical fares, not the same trip priced twice.
Prices reflect recent searches — current fares may differ.
See these ranges as a table
| Booked ahead by | Typical fare | Cheapest day | Above the cheapest | Days of prices |
|---|---|---|---|---|
| 30–59 days | $215 | $152 | Cheapest seen | 27 |
| 60–89 days | $225 | $174 | +5% | 14 |
| 90–179 days | $329 | $241 | +53% | 32 |
| 180+ days | $315 | $304 | +46% | 38 |
One-way
Not enough history yet: in 35 days of one-way prices, 29 Sept to 12 Nov, fewer than 3 booking ranges had prices on 7 days or more.
Live price for these dates
The cheapest return found recently is for 21 May 2027 – 31 May 2027. A live search on this page shows what those dates cost now, for one adult in economy.
Questions about this trip
How much is a return flight from Madrid to Reykjavik?
The cheapest return found recently is $347 with Wizz Air Malta, 21 May 2027 to 31 May 2027, found today. The cheapest return we hold, of any age, is $233 with Wizz Air Malta, 15 Dec to 22 Dec, found 4 days ago. The cheapest return fare on each of 11 departure dates is usually $260 to $349.
How much is a one-way flight from Madrid to Reykjavik?
The cheapest one-way found recently is $245 with Wizz Air Malta, 21 Jun 2027, found yesterday.
What is the cheapest month to fly from Madrid to Reykjavik?
December 2026 is the cheapest month for a return, from $233, 15 Dec to 22 Dec, found 4 days ago.
How far ahead should I book a flight from Madrid to Reykjavik?
In 50 days of prices between 24 Sept and 12 Nov, return fares were cheapest 30 to 59 days before departure.
Is there a direct flight from Madrid to Reykjavik?
Yes, the cheapest nonstop return found recently is $519 with Icelandair, 14 Jul 2027 to 21 Jul 2027, found 3 days ago.
How long is the flight from Madrid to Reykjavik?
The cheapest one-way found recently, with Wizz Air Malta on 21 Jun 2027, takes 19 h 10 min with 2 stops.
Which airlines have the cheapest flights from Madrid to Reykjavik?
Between 15 Dec and 14 Jul 2027, Wizz Air Malta has the cheapest return on 5 of the 11 departure dates we hold, Ryanair on 3 and Iberia on 1.
Prices are what travelers' searches on Aviasales found in the last 7 days, in US dollars: the price the seller showed on Aviasales; bags may cost extra. Fares change, so check today's price before you book. How our prices work