The low-cost airline Iberia Express will begin flights to Israel starting April 1, according to a statement published on Thursday.
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The Spanish company will initially operate four weekly flights to Madrid, with prices starting from €129 one way, including a trolley.
Earlier this week, another Spanish airline, Air Europa, announced it would resume flights to Israel from February 22, also operating a route to Madrid.
Anticipating its return, Air Europa offered promotional fares, such as a round-trip ticket to Madrid for $262, which includes a trolley but not checked baggage.
The Israeli airline El Al also operates a route to the Spanish capital.
Iberia's announcement of its return to Ben Gurion Airport came just days after the Irish low-cost giant Ryanair surprisingly declared that it was canceling its flights to Israel, less than two weeks after resuming operations.
Aviation industry sources told Ynet that Ryanair's withdrawal is expected to increase flight prices, especially ahead of the Passover holiday.
Asaf Daniel, CEO of Last Minute, which sells flights from all airlines operating at Ben Gurion, said, "We are in days with high demand for immediate travel, any change in the status of airlines flying from Ben Gurion leads to a reduction in the number of seats available and consequently to an increase in flight prices."
Meanwhile, Ben Gurion Airport on Thursday saw over 30,800 passengers on 185 incoming and outgoing international flights - a record number since the airport was virtually emptied a few days after the outbreak of the war.
In total, Thursday saw 16,111 passengers departing on international flights, with 14,689 passengers entering Israel.