Question 1

What is the cheapest month to fly to Panama City?

Accepted Answer

In general, May is the cheapest month to fly from Madrid to Panama City. Due to it being the ‘off-season’ during this time, you can expect flight prices to be around $704. If you’re not able to fly to Panama City in May, then September is your next best option. Flight prices from Madrid to Panama City during September average around $704.

Question 2

How far in advance should I book a flight to Panama City?

Accepted Answer

You are more likely to see cheaper flights to Panama City from Madrid when booking weeks ahead of your departure date. In general, you can expect to find flights to Panama City for around $820 when searching weeks out. However, flight prices might be lower outside of this timeframe. For example, people recently found flights to Panama City from Madrid for as low as $718 on momondo.

Question 3

How often are flights from Madrid to Panama City delayed?

Accepted Answer

Historically, on average around 23% of flights between Madrid and Panama City have experienced a delay on any given week. The average delay length over the past 12 months has been 121 minutes.

Question 4

How many flights depart from Madrid to Panama City on average per day?

Accepted Answer

The number of flights available between Madrid and Panama City is 6 per day as of February 2026. The most frequent departure time is 3:00PM, with 72% of daily flights leaving in the afternoon.

Question 5

What airlines fly to Panama City?

Accepted Answer

Air Europa, Iberia and Avianca are the top three most popular airlines that fly to Panama City from Madrid according to our data. Air Europa is the first choice among our users, with 54% of people opting to fly with this airline when traveling to Panama City. Keep in mind that there are 3 different airlines that fly to Panama City on a routine basis, so you have a few additional options to choose from.

Question 6

Which airline has the best punctuality record on Madrid to Panama City flights?

Accepted Answer

According to our data, Pascan have had the least number of delays on this route over the last 12 months; with about 3% of their flights experiencing any sort of delay.

Question 7

What is the cheapest time of day to depart on your flight to Panama City?

Accepted Answer

Our most recent data shows that the best time of day to fly to Panama City is in the afternoon. Flights from Madrid to Panama City during this time can be as low as $914. Try not to purchase tickets in the morning because they tend to be around $1,016. Of course, these prices can vary depending on the time of year and what airport you fly to.

Question 8

What is the cheapest day to depart on your flight to Panama City?

Accepted Answer

Our data shows that Wednesday is the least expensive day to fly to Panama City. Tickets to fly out on this day can be as low as $727. If your travel schedule is flexible, try to avoid departing on a Thursday because tickets tend to average around $1,030. These prices are subject to change though, so be sure to set up a Price Alert for flights to Panama City.

Question 9

What is the cheapest airline that flies from Madrid Barajas to Panama City Tocumen Intl?

Accepted Answer

Avianca is the most popular carrier operating from Madrid Barajas to Panama City Tocumen Intl

Question 10

What day of the week experiences the fewest flight delays on this route?

Accepted Answer

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

Question 11

How many flights depart from Madrid to Panama City on average per week?

Accepted Answer

44 flights are operational weekly from Madrid to Panama City as of February 2026. The most popular departure day for this route is Wed, with 23% of flights per week taking off on this day.

Question 12

What is the most punctual flight time for Madrid to Panama City flights?

Accepted Answer

Generally, flights departing in the morning tend to experience fewer delays. Flights in the evening have, in the past, seen delays more frequently in comparison.

Question 13

What is the typical price of a round-trip flight between Madrid and Panama City?

Accepted Answer

Prices are currently typical for flights on this route.Typical prices usually range from $643 to $784.
The lowest price recently found on this route was $689.

Question 14

How have Madrid to Panama City flight prices changed over time?

Accepted Answer

As of February 2026, prices for Madrid to Panama City flights are approximately 12% more expensive when compared to flights at the same time last year.

Question 15

Can stopping save me money on Madrid to Panama City flights?

Accepted Answer

No. A direct flight is the cheapest option for a flight between Madrid to Panama City.

Question 16

What is the cheapest Madrid Barajas to Panama City Tocumen Intl flight route?

Accepted Answer

Fly from Madrid Barajas to Panama City Tocumen Intl for the best Madrid Barajas - Panama City Tocumen Intl flight prices

Question 17

What cabin class options are available on Madrid Barajas to Panama City Tocumen Intl flights?

Accepted Answer

There are 3 cabin classes available to choose from on Madrid Barajas to Panama City Tocumen Intl flights. Cabin price and availability will vary by airline so perform a search above to find the right deals for you.

Question 18

When did momondo last update prices for flights from Madrid Barajas Airport to Panama City Tocumen Intl Airport?

Accepted Answer

Prices for flights from Madrid Barajas Airport to Panama City Tocumen Intl Airport are refreshed on a daily basis.

Question 19

How many operators does momondo search for flights from Madrid Barajas Airport to Panama City Tocumen Intl Airport?

Accepted Answer

As of February 2026, there are 3 operators available to choose from for flights from Madrid Barajas Airport to Panama City Tocumen Intl Airport.

Question 20

How old do you have to be to fly from Madrid Barajas Airport to Panama City Tocumen Intl Airport?

Accepted Answer

The minimum age a child must be to fly alone is five but airlines that offer an unaccompanied minor (UNMR) service will have their own age restrictions, including rules around flight length, timings, and stopovers. We always recommend checking with the individual airline you are booking with to travel from Madrid Barajas Airport to Panama City Tocumen Intl Airport.

Question 21

What documentation or ID do you need to fly to Panama City Tocumen Intl Airport?

Accepted Answer

The travel and health documents required for your trip to Panama City Tocumen Intl Airport can vary based on your itinerary and personal situation. As a rule, consider having multiple documents such as a national ID card or driver’s license, and a passport valid for six-months after you plan to arrive at Panama City Tocumen Intl Airport. We always recommend checking with your airline or a trusted third party such as IATA to get advice.

Best Price Found	$744
Fastest flight time	10h 35m
Direct flights	Every day
Airports in Panama City	1 airport

Airline	Rating	Free Cancellation	Price
Air Europa	PriceFrom $623	Free Cancellation	Rating 6.9 588 reviews	Search Air Europa flights
Iberia	PriceFrom $646	Free Cancellation	Rating 7.0 3,106 reviews	Search Iberia flights
Avianca	PriceFrom $765	Free Cancellation	Rating 6.5 2,497 reviews	Search Avianca flights

Cheap flights from Madrid to Panama City from $348

This is the cheapest one-way flight price found by a momondo user in the last 72 hours by searching for a flight from Madrid to Panama City departing on 3/15. Fares may change, and may not be available for all flights or travel dates. Click the price to refresh the search for this deal.

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See travel insights to Panama City from

How to get the cheapest flight ticket from Madrid to Panama City

What is the typical price of a round-trip flight between Madrid and Panama City?

What is the cheapest month to fly to Panama City?

What is the cheapest day to depart on your flight to Panama City?

What is the cheapest time of day to depart on your flight to Panama City?

What is the cheapest Madrid Barajas to Panama City Tocumen Intl flight route?

Fly from Madrid Barajas to Panama City Tocumen Intl for the best Madrid Barajas - Panama City Tocumen Intl flight prices

How far in advance should I book a flight to Panama City?

What cabin class options are available on Madrid Barajas to Panama City Tocumen Intl flights?

There are 3 cabin classes available to choose from on Madrid Barajas to Panama City Tocumen Intl flights. Cabin price and availability will vary by airline so perform a search above to find the right deals for you.

Can stopping save me money on Madrid to Panama City flights?

No. A direct flight is the cheapest option for a flight between Madrid to Panama City.

How have Madrid to Panama City flight prices changed over time?

As of February 2026, prices for Madrid to Panama City flights are approximately 12% more expensive when compared to flights at the same time last year.

What is the cheapest airline that flies from Madrid Barajas to Panama City Tocumen Intl?

Avianca is the most popular carrier operating from Madrid Barajas to Panama City Tocumen Intl

What airlines fly to Panama City?

How often are flights from Madrid to Panama City delayed?

Historically, on average around 23% of flights between Madrid and Panama City have experienced a delay on any given week. The average delay length over the past 12 months has been 121 minutes.

What is the most punctual flight time for Madrid to Panama City flights?

Generally, flights departing in the morning tend to experience fewer delays. Flights in the evening have, in the past, seen delays more frequently in comparison.

What day of the week experiences the fewest flight delays on this route?

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

Which airline has the best punctuality record on Madrid to Panama City flights?

According to our data, Pascan have had the least number of delays on this route over the last 12 months; with about 3% of their flights experiencing any sort of delay.

How many flights depart from Madrid to Panama City on average per day?

The number of flights available between Madrid and Panama City is 6 per day as of February 2026. The most frequent departure time is 3:00PM, with 72% of daily flights leaving in the afternoon.

How many flights depart from Madrid to Panama City on average per week?

44 flights are operational weekly from Madrid to Panama City as of February 2026. The most popular departure day for this route is Wed, with 23% of flights per week taking off on this day.

When to book flights from Madrid to Panama City

Cheap Madrid to Panama City (MAD to PTY) flight deals and tips

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How far is Madrid Barajas to Panama City Tocumen Intl by plane?

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How old do you have to be to fly from Madrid Barajas Airport to Panama City Tocumen Intl Airport?

What documentation or ID do you need to fly to Panama City Tocumen Intl Airport?

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What is the most popular airline from Madrid to Panama City?

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