Low-priced flights from Spain to Madeira are not as common as you might expect so here is one solution from Madrid to Funchal based on the flag carrier airline of Spain and Oneworld member Iberia offering return flights on a said route for €99. This is for a round-trip ticket incl. all taxes and fees as well as a handbag. Checked luggage for an additional fee.
Flying from: Madrid
Flying to: Funchal
Airline(s): Iberia/Air Nostrum
Outbound travel dates: January to March 2023
Max stay: 12 months
Book by: 30th of November
Madrid to Madeira for €104 (direct booking with Iberia)
Booking sample of Iberia cheap non-stop Iberia flights from Spain to Madeira for €99! You would depart from Madrid to Funchal on the 14th of January. Return from Madeira back to Spain on the 23rd of January 2023.