Ryanair concedes defeat in battle with high-speed rail22 February 2011
Ryanair has decided to pull off 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.