AirHint found the following cheapest return flights from Madrid (MAD) to Keflavik (KEF) in February 2026 (see full year).

Return flights

02 Feb - 13 Feb	Fly Play	direct
02 Feb - 16 Feb	Fly Play	direct
02 Feb - 09 Feb	Fly Play	direct
13 Feb - 06 Mar	Fly Play	direct
18 Feb - 25 Feb	easyJet
09 Feb - 17 Feb	easyJet
27 Feb - 06 Mar	Fly Play	direct
27 Feb - 09 Mar	Ryanair
27 Feb - 02 Mar	Iberia Express
20 Feb - 27 Feb	Fly Play	direct
02 Feb - 17 Feb	easyJet
03 Feb - 12 Feb	Iberia
23 Feb - 28 Feb	easyJet
27 Feb - 08 Mar	Iberia Express
27 Feb - 09 Mar	Fly Play	direct
10 Feb - 16 Feb	Iberia Express
23 Feb - 01 Mar	easyJet
27 Feb - 02 Mar	Fly Play	direct

Also check the deals for one-way flights from Madrid to Keflavik in February.

The deals are updated regularly. The prices may go up as tickets are purchased by other travellers. Only the cheapest flights are offered. Select a price to book and secure these cheap prices.

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Cheapest return flights from Madrid to Keflavik in February from $206

Return flights