Iberia Longhaul Velazquez Business Class Lounge
The Iberia Velazquez Lounge is the Madrid oneworld lounge for Non-Schengen & Longhaul. It is quite quiet in the day, but manic in the evening with lots of long haul flights leaving, mainly for the US. Alas, it is in the Satellite, so you can't lounge hop to the calmer Dali lounge. The entrance is just off the main shopping corridor in the satellite.
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Location: T4S, airside, Level 1
Open: 0600-0130
Iberia Dali Schengen Lounge
The Iberia Dali Schengen Madrid Loungereally is huge, up in the roof, with a wide variety of seats. The lounge is split into two, with a central kitchen, but there are no controls on which side you go into. As you go in past the main desk on the right is the main lounge area, under a huge flying saucer UFO sculpture in the sky. There is one bar here
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Location: T4, airside, Level 2
Open: 0600-0000
Iberia Domestic Goya Business Lounge
The new terminals at Madrid are a vast cathedral to the gods of aviation - unless you go to the Iberia Goya Lounge. This is one of the poorer lounge options at Madrid, and it is perhaps thankful that it is used for domestic only. It's hard to find if you are on a connecting flight - the one sign to it is over your head, behind you, when you get the
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Location: T4, airside, level 0 T4S, by M gates
Open: 0600-0000