Cheap flights from Lima to Panama City from $234

In general, June is the cheapest month to fly from Lima to Panama City. Due to it being the ‘off-season’ during this time, you can expect flight prices to be around $444. If you’re not able to fly to Panama City in June, then November is your next best option. Flight prices from Lima to Panama City during November average around $449.

Our data shows that Thursday is the least expensive day to fly to Panama City. Tickets to fly out on this day can be as low as $455. If your travel schedule is flexible, try to avoid departing on a Monday because tickets tend to average around $528. These prices are subject to change though, so be sure to set up a Price Alert for flights to Panama City.

Our most recent data shows that the best time of day to fly to Panama City is in the afternoon. Flights from Lima to Panama City during this time can be as low as $418. Try not to purchase tickets at noon because they tend to be around $536. Of course, these prices can vary depending on the time of year and what airport you fly to.

Fly from Lima J Chavez Intl to Panama City Tocumen Intl for the best Lima J Chavez Intl - Panama City Tocumen Intl flight prices

You are more likely to see cheaper flights to Panama City from Lima when booking weeks ahead of your departure date. In general, you can expect to find flights to Panama City for around $469 when searching weeks out. However, flight prices might be lower outside of this timeframe. For example, people recently found flights to Panama City from Lima for as low as $442 on momondo.

Historically, on average around 5% of flights between Lima and Panama City have experienced a delay on any given week. The average delay length over the past 12 months has been 109 minutes.

Generally, flights departing at night tend to experience fewer delays. Flights in the early afternoon have, in the past, seen delays more frequently in comparison.

Saturday is statistically the day of the week which experiences the fewest number of delays on this flight route. Monday has historically seen more delays on average compared to the rest of the week.

According to our data, Copa Airlines have had the least number of delays on this route over the last 12 months; with about 5% of their flights experiencing any sort of delay.

The number of flights available between Lima and Panama City is 11 per day as of May 2026. The most frequent departure time is 1:00PM, with 48% of daily flights leaving in the afternoon.

As of May 2026, 81 flights take off from Lima and land in Panama City each week. The most common flight departure day for this route is Fri, with 16% of weekly flights taking off on this day.