Cheap Flights from Madrid to Panama City Tocumen International from $1,028

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Flight deals from Madrid to Panama City Tocumen International

Looking for a cheap last-minute deal or the best return flight from Madrid Airport to Panama City Tocumen International Airport? If you want to travel next month, return fares start from $1,186. Find the lowest prices on one-way and return tickets right here.

Panama City.$1,028 per passenger.Departing Fri, 29 Jan, returning Fri, 12 Mar.Return flight with Avianca.Outbound indirect flight with Avianca, departs from Madrid on Fri, 29 Jan, arriving in Panama City Tocumen International.Inbound indirect flight with Avianca, departs from Panama City Tocumen International on Fri, 12 Mar, arriving in Madrid.Price includes taxes and charges.From $1,028, select.

Panama City.$1,028 per passenger.Departing Tue, 26 Jan, returning Mon, 8 Feb.Return flight with Avianca.Outbound indirect flight with Avianca, departs from Madrid on Tue, 26 Jan, arriving in Panama City Tocumen International.Inbound indirect flight with Avianca, departs from Panama City Tocumen International on Mon, 8 Feb, arriving in Madrid.Price includes taxes and charges.From $1,028, select.

Panama City.$1,028 per passenger.Departing Sat, 6 Mar, returning Sat, 13 Mar.Return flight with Avianca.Outbound indirect flight with Avianca, departs from Madrid on Sat, 6 Mar, arriving in Panama City Tocumen International.Inbound indirect flight with Avianca, departs from Panama City Tocumen International on Sat, 13 Mar, arriving in Madrid.Price includes taxes and charges.From $1,028, select.

Panama City.$1,028 per passenger.Departing Thu, 4 Feb, returning Tue, 9 Feb.Return flight with Avianca.Outbound indirect flight with Avianca, departs from Madrid on Thu, 4 Feb, arriving in Panama City Tocumen International.Inbound indirect flight with Avianca, departs from Panama City Tocumen International on Tue, 9 Feb, arriving in Madrid.Price includes taxes and charges.From $1,028, select.

Panama City.$1,028 per passenger.Departing Sat, 27 Mar, returning Sun, 4 Apr.Return flight with Avianca.Outbound indirect flight with Avianca, departs from Madrid on Sat, 27 Mar, arriving in Panama City Tocumen International.Inbound indirect flight with Avianca, departs from Panama City Tocumen International on Sun, 4 Apr, arriving in Madrid.Price includes taxes and charges.From $1,028, select.

Panama City.$1,028 per passenger.Departing Sat, 4 Sep, returning Sun, 19 Sep.Return flight with Avianca.Outbound indirect flight with Avianca, departs from Madrid on Sat, 4 Sep, arriving in Panama City Tocumen International.Inbound indirect flight with Avianca, departs from Panama City Tocumen International on Sun, 19 Sep, arriving in Madrid.Price includes taxes and charges.From $1,028, select.

Panama City.$1,028 per passenger.Departing Thu, 1 Apr, returning Sun, 11 Apr.Return flight with Avianca.Outbound indirect flight with Avianca, departs from Madrid on Thu, 1 Apr, arriving in Panama City Tocumen International.Inbound indirect flight with Avianca, departs from Panama City Tocumen International on Sun, 11 Apr, arriving in Madrid.Price includes taxes and charges.From $1,028, select.

Panama City.$1,028 per passenger.Departing Sat, 20 Feb, returning Tue, 2 Mar.Return flight with Avianca.Outbound indirect flight with Avianca, departs from Madrid on Sat, 20 Feb, arriving in Panama City Tocumen International.Inbound indirect flight with Avianca, departs from Panama City Tocumen International on Tue, 2 Mar, arriving in Madrid.Price includes taxes and charges.From $1,028, select.

Panama City.$1,029 per passenger.Departing Mon, 1 Mar, returning Mon, 2 Aug.Return flight with Avianca.Outbound indirect flight with Avianca, departs from Madrid on Mon, 1 Mar, arriving in Panama City Tocumen International.Inbound indirect flight with Avianca, departs from Panama City Tocumen International on Mon, 2 Aug, arriving in Madrid.Price includes taxes and charges.From $1,029, select.

Panama City.$1,029 per passenger.Departing Sat, 1 May, returning Sun, 16 May.Return flight with Avianca.Outbound indirect flight with Avianca, departs from Madrid on Sat, 1 May, arriving in Panama City Tocumen International.Inbound indirect flight with Avianca, departs from Panama City Tocumen International on Sun, 16 May, arriving in Madrid.Price includes taxes and charges.From $1,029, select.

Panama City.$1,029 per passenger.Departing Wed, 20 Jan, returning Tue, 26 Jan.Return flight with Avianca.Outbound indirect flight with Avianca, departs from Madrid on Wed, 20 Jan, arriving in Panama City Tocumen International.Inbound indirect flight with Avianca, departs from Panama City Tocumen International on Tue, 26 Jan, arriving in Madrid.Price includes taxes and charges.From $1,029, select.

Panama City.$1,029 per passenger.Departing Fri, 18 Jun, returning Sat, 3 Jul.Return flight with Avianca.Outbound indirect flight with Avianca, departs from Madrid on Fri, 18 Jun, arriving in Panama City Tocumen International.Inbound indirect flight with Avianca, departs from Panama City Tocumen International on Sat, 3 Jul, arriving in Madrid.Price includes taxes and charges.From $1,029, select.

Panama City.$1,029 per passenger.Departing Mon, 7 Jun, returning Sun, 13 Jun.Return flight with Avianca.Outbound indirect flight with Avianca, departs from Madrid on Mon, 7 Jun, arriving in Panama City Tocumen International.Inbound indirect flight with Avianca, departs from Panama City Tocumen International on Sun, 13 Jun, arriving in Madrid.Price includes taxes and charges.From $1,029, select.

Panama City.$1,044 per passenger.Departing Fri, 29 Jan, returning Mon, 5 Apr.Return flight with Avianca.Outbound indirect flight with Avianca, departs from Madrid on Fri, 29 Jan, arriving in Panama City Tocumen International.Inbound indirect flight with Avianca, departs from Panama City Tocumen International on Mon, 5 Apr, arriving in Madrid.Price includes taxes and charges.From $1,044, select.

Panama City.$1,048 per passenger.Departing Thu, 19 Nov, returning Tue, 8 Dec.Return flight with Avianca.Outbound indirect flight with Avianca, departs from Madrid on Thu, 19 Nov, arriving in Panama City Tocumen International.Inbound indirect flight with Avianca, departs from Panama City Tocumen International on Tue, 8 Dec, arriving in Madrid.Price includes taxes and charges.From $1,048, select.

Panama City.$1,076 per passenger.Departing Fri, 30 Apr, returning Thu, 6 May.Return flight with Avianca.Outbound indirect flight with Avianca, departs from Madrid on Fri, 30 Apr, arriving in Panama City Tocumen International.Inbound indirect flight with Avianca, departs from Panama City Tocumen International on Thu, 6 May, arriving in Madrid.Price includes taxes and charges.From $1,076, select.

Find the cheapest month to fly from Madrid to Panama City Tocumen International

We’re always keeping an eye on fares, so you can find the best one in seconds. It looks like Madrid to Panama City Tocumen International flights are currently cheapest in February.

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Direct flights from Madrid to Panama City Tocumen International

Madrid to Panama City Tocumen International: Alternative routes

Compare routes from Madrid to Panama City below. You may find an airport to fly into that's cheaper, faster, or easier than Panama City Tocumen International.

Madrid to Panama City: Flight information

The things to know before you go.

Cheapest flight found	$1,028
Cheapest month to fly	March
Average flight time	10 hrs, 48 mins
Most popular airline	Copa
Average flights per week	61

Finding cheap flights from Madrid to Panama City Tocumen International: Frequently asked questions

How much are return flights from Madrid to Panama City Tocumen International?

The best price we found for a return flight from Madrid to Panama City Tocumen International is $1,028. This is an estimate based on information collected from different airlines and travel providers over the last 4 days and is subject to change and availability.

How long does it take to fly from Madrid to Panama City Tocumen International?

10 hours and 48 minutes is the average flight time from Madrid to Panama City Tocumen International.

Which airlines fly direct from Madrid to Panama City Tocumen International?

Copa, Etihad Airways and Air Europa fly direct from Madrid to Panama City Tocumen International.

How many flights are there a week from Madrid to Panama City Tocumen International?

As of October 2026, there are 61 flights per week flying from Madrid to Panama City Tocumen International.

When is the cheapest time to fly from Madrid to Panama City Tocumen International?

The cheapest month to fly from Madrid to Panama City Tocumen International is usually March.

Which upcoming date is cheapest to fly from Madrid Airport to Panama City Tocumen International Airport on?

After crunching the numbers on our flight calendar, we found that it's currently cheapest to fly from Madrid Airport to Panama City Tocumen International Airport on Saturday, 27 March 2027.

Can I get a direct flight from Madrid Airport to Panama City Tocumen International Airport?

Yes – the average flight time is 10 hours and 48 minutes.

How can I find the best flight deal to Panama City Tocumen International?

We show every price from over 1,200 airlines and travel agents, comparing them all so you don’t have to. If you know you want to fly to Panama City Tocumen International but you’re not ready to book, set up a Price Alert. We’ll track prices for you, and let you know when they rise or fall.

When is the best time to book flights to Panama City?

We crunched all the numbers in our flight calendar and it looks like the cheapest time to book a flight to Panama City is around 40 days in advance, so don’t leave your flight to the last minute.

Which is the cheapest airline to fly from Madrid Airport to Panama City Tocumen International with?

Currently, Avianca and Iberia offer the cheapest flight tickets to Panama City Tocumen International.

Flying from Madrid Airport (MAD) to Panama City Tocumen International Airport (PTY): what you need to know

Around 10 hours 40 minutes is how long you can expect to be travelling on a direct flight from Madrid Airport to Panama City Tocumen International Airport.
Panama City is six hours behind Madrid and is in the UTC-5 timezone.
Each week, there are ten Madrid Airport to Panama City Tocumen International Airport flights. If you'd like to get going as soon as possible, go for the 11:45 Iberia flight. If you're eager to make the most of your time before flying, the last flight is at 15:10 with Air Europa.
Get to the airport on time so you don't miss your MAD to PTY flight. Be there at least two hours ahead for international flights and an hour early for domestic departures to avoid any last-minute rush.
Travelling during a peak month like July? Public holidays and other high seasons can result in longer lines and delays at security. Be extra cautious and arrive up to four hours before international flights and two hours before domestic departures.
Air Europa offers direct flights from Madrid Airport to Panama City Tocumen International Airport. Book with this popular carrier, then get ready to see the sights in Panama City — and maybe even more of Panama if time allows.
The airline that serves the most passengers on this route is Air Europa.
Iberia is the most punctual carrier operating MAD to PTY flights, with 69.23% of its services arriving on schedule.
If you'd like to split up your journey, just deselect 'Direct flights only' when searching for your ticket from Madrid Airport to Panama City Tocumen International Airport. These are the most popular stopovers between MAD and PTY:
- Miami International Airport
- Bogota Airport
- Caracas Airport

How to find the cheapest flights from Madrid Airport (MAD) to Panama City Tocumen International Airport (PTY)

At the moment, $609 is the cheapest price we've seen for a one-way Madrid Airport to Panama City Tocumen International Airport flight. The best price for a return ticket is $1,028. Keep in mind that fares could change due to demand when booking.
Book 11 months before flying. After looking at the numbers on our calendar, this is how far you should book ahead to find cheap tickets from MAD to PTY.
The cheapest month for flights from Madrid Airport to Panama City Tocumen International Airport is April. Use the 'Whole month' tool to find the lowest airfares if you have a flexible schedule.
There's no need to check every day to see if fares have gone down when you create a Price Alert. We'll send you an update as soon as there's a new deal on cheap flights from MAD to PTY.
Lock in the perfect flight for you by using the filters. To see the 'Best,' 'Cheapest' or 'Fastest' flights from Madrid Airport to Panama City Tocumen International Airport, use the 'Sort by' tool. You can also filter by departure and arrival times, airline, and number of stops.

Handy information about Madrid Airport (MAD)

Of the flights that depart from Madrid Airport, 77% land on time at their destination.
To reach Madrid Airport from central Madrid, it'll take around 20 minutes if you're planning to drive. Of course, this depends on traffic. It's approximately 13 kilometres from the airport to the city centre.
You can expect a journey time of roughly 30 minutes on public transport.
Get your travels off to a stress-free start by staying near MAD. Whether you're boarding an early flight from Madrid Airport to Panama City Tocumen International Airport or just don't want to be rushed, these hotels are perfect:

Arriving at Panama City Tocumen International Airport (PTY)

Reserve a hotel near PTY if you have a late Madrid Airport to Panama City Tocumen International Airport flight. Check in to one of these options and skip the long transfer after landing:
Grab a Panama City Tocumen International Airport rental car and explore Panama City and beyond with your own wheels. Avis, Dollar and MEX are popular outlets to choose from here.
Secure the lowest price by booking your vehicle from Panama City Tocumen International Airport about three weeks before your trip.

Getting from Panama City Tocumen International Airport (PTY) to central Panama City

Panama City Tocumen International Airport is approximately 24 kilometres from central Panama City. The drive time takes about 35 minutes.
It takes roughly 50 minutes if you're travelling on public transport.

When to fly to Panama City Tocumen International Airport (PTY)

July is the most popular month for flights from Madrid Airport to Panama City Tocumen International Airport. For smaller crowds, travel to Panama City in March.
When booking your flight from Madrid Airport to Panama City Tocumen International Airport, think about the type of weather you like. March is the warmest month in Panama City, with temperatures ranging from 21ºC to 32ºC.
Look for cheap tickets from MAD to PTY in January if you'd rather travel during cooler conditions. Temperatures are at their lowest around then, ranging between 22ºC and 31ºC on average.