There's no nonstop escape from Los Angeles to Valencia, and after dozens of crossings on this corridor, I've made peace with that reality: every business class from Los Angeles to Valencia itinerary routes through Madrid or London, and the connection you choose shapes the entire journey. Iberia's daily LAX–Madrid service is the workhorse here, deploying the A330neo with its Business Class seats in a staggered configuration—not full suites, but private aisle access and generous recline that make the eastbound red-eye tolerable. From Madrid, the hop to Valencia is short, often on a regional jet, so factor in a buffer for Barajas Terminal 4S connections, which involve a passport check that can eat 20-30 minutes even for transiting business passengers. British Airways offers the alternative via Heathrow, and if you're booking that routing, angle for their 777 or A350 with the Club Suite—the door-equipped, fully flat product is a meaningful upgrade over BA's older Club World cabins still flying some LAX rotations, so check aircraft type before ticketing.
American Airlines codeshares extensively with both partners as part of the transatlantic joint business, which means their Flagship Business seats on 777-300ERs sometimes appear on LAX–Madrid metal, and mileage redemptions through AA's program can occasionally undercut what you'd pay booking Iberia directly. My insider tip: search separately through the Iberia Plus program even if you intend to fly BA or AA, since Iberia occasionally releases premium award space to its own loyalty members before opening inventory to partner airlines' searches—a quirk that's saved me a cabin upgrade more than once.
Valencia itself is compact enough that arriving fatigued isn't the disaster it would be in a sprawling hub city, but timing still matters. April, May, September, and October consistently show the softest business class pricing on this run, avoiding both the July-August Spanish holiday surge and the Christmas markets crowd flying through Madrid. Given how erratically fares swing on this three-airline corridor, setting up automated fare tracking for LAX–VLC business class is the smartest move you can make before committing to dates.