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The airline Iberia already sells its new Madrid route – Guayaquil, flights that will start in December with four weekly frequencies.
Con lo que será el regreso de la principal aerolínea española al «Puerto Principal», Guayaquil, the airline began marketing this new route for the airline.
New route, since it will be the first time that Iberia will operate directly between Madrid and Guayaquil without previously passing as triangulation through Quito, what was the traditional route until February 2017, when the airline closed its base in the José Joaquín de Olmedo International Airport.
The route will initially operate with four weekly direct flights from Barajas Airport with Airbus A330-200 aircraft with capacity for 314 passengers on mondays, Wednesday, friday and sunday.
costs
As an introductory price and on certain dates, passages have been found from the $699 dollars round trip, including all taxes. As reference, The following prices are found as a non-promotional base rate:

The rate from Guayaquil to Madrid starts from $369 dollars and we can also see the different rate families, each one offering different levels of services included in the same. For instance, the most economical only includes hand luggage and food, plus no hold baggage.
This flight will last 11 hours and 10 minutes.

From Madrid to Guayaquil, rates start from $457 dollars and we can also see the different values and benefits of each rate. As reference, travel in Business Class the value starts from the $998 Dollars.
From Spain, the flight will last 11 hours and 50 minutes approximately.

Total, the base rate including taxes and others, round trip are from the $824.75 Dollars.
This new Iberia route will arrive and open on the same day 13 December that the subsidiary LATAM Ecuador will stop operating on this route, so Guayaquil will maintain the same number of destinations, airlines and even, an additional frequency of operation will be increased.
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