Iryo and Ouigo only arrived in Spain recently. They are selling tickets at cost or even below cost to gain some market share. Ouigo has already stopped some routes because the losses were insurmountable even in a promotional period.
If you want to look at actual prices, look at RENFE (AVE) prices. Even RENFE's own AVLO loses money, it's there only to counter Iryo and Ouigo until they will rise prices or go bankrupt.
If you want to look at actual prices, look at RENFE (AVE) prices. Even RENFE's own AVLO loses money, it's there only to counter Iryo and Ouigo until they will rise prices or go bankrupt.