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Yes. Iberia flies nonstop from Madrid (MAD) to Reykjavík (KEF), 3–4 times a week. The flight takes about 4h 12m and covers 1,796 miles (2,890 km).
Iberia operates nonstop flights from Madrid to Reykjavík.
The nonstop flight from Madrid to Reykjavík takes ~4h 12m (approximately 2890 km).
Nonstop flights from Madrid to Reykjavík operate 3–4 times a week.