Ryanair concedes defeat in battle with high-speed rail

a route in Spain because of competition from high-speed trains.

The budget giant will cease flying between Valencia and Madrid from April in light of competition from the new AVE high-speed train service operated by Spanish state railway Renfe. The AVE service connects Madrid?to Valencia in 90 minutes. Iberia also announced it was ending daily flights on the route last week.

Ryanair flies three times a day between Madrid and Valencia, one of 32 routes it operates from the city’s Manises Airport. The carrier has grown rapidly at Valencia to carry more than one in four passengers to and from the ai