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

Return flights

09 Feb - 13 Feb	Fly Play	direct
02 Feb - 06 Feb	Fly Play	direct
06 Feb - 13 Feb	Fly Play	direct
09 Feb - 16 Feb	Fly Play	direct
06 Feb - 09 Feb	Fly Play	direct
06 Feb - 16 Feb	Fly Play	direct
02 Feb - 11 Feb	Ryanair
27 Feb - 02 Mar	Ryanair
27 Feb - 05 Mar	Ryanair
16 Feb - 02 Mar	Ryanair
05 Feb - 08 Feb	Iberia Express
13 Feb - 19 Feb	Ryanair
26 Feb - 01 Mar	Iberia Express
16 Feb - 02 Mar	Fly Play	direct
13 Feb - 21 Feb	Ryanair
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 182€

Return flights