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

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

How often are flights from Madrid to Panama City delayed?

Historically, on average around 20% 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 111 minutes.

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

Thursday 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.

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 November 2025. The most frequent departure time is 3:00PM, with 66% of daily flights leaving in the afternoon.

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

KLM, Air France, and Avianca are the most popular carriers operating from Madrid Barajas to Panama City Tocumen Intl

What airlines fly to Panama City?

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 55% 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.

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

45 flights are operational weekly from Madrid to Panama City as of November 2025. The most popular departure day for this route is Mon, with 22% of flights per week taking off on this day.

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.

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

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

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

As of November 2025, there are 3 operators available to choose from for flights from Madrid Barajas Airport to Panama City Tocumen Intl Airport.

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

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.

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

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.

$463 Cheap Flights from Madrid to Panama City in 2025/26

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Cheap round-trip flights

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1:05 pm - 4:30 pmMAD-PTY

33h 25m1 stop

10:20 pm - 5:40 pmPTY-MAD

13h 20m1 stop

$752Multiple Airlines

Find Deal

Fri, Jan 23 - Sun, Feb 1

1:05 pm - 4:30 pmMAD-PTY

33h 25m1 stop

10:20 pm - 5:40 pmPTY-MAD

13h 20m1 stop

$759Multiple Airlines

Find Deal

Fri, Jan 23 - Sun, Feb 1

3:10 pm - 7:45 pmMAD-PTY

10h 35mnonstop

9:30 pm - 1:05 pmPTY-MAD

9h 35mnonstop

$772Air Europa

Find Deal

Thu, Feb 12 - Wed, Mar 25

3:10 pm - 7:45 pmMAD-PTY

10h 35mnonstop

9:30 pm - 1:05 pmPTY-MAD

9h 35mnonstop

$773Air Europa

Find Deal

Fri, Mar 20 - Sun, Mar 22

8:30 pm - 4:30 pmMAD-PTY

26h 00m1 stop

6:45 pm - 11:25 pmPTY-MAD

22h 40m1 stop

$774KLM

Find Deal

Wed, Nov 19 - Wed, Nov 26

3:10 pm - 2:12 pmMAD-PTY

53h 02m2 stops

3:46 pm - 8:00 amPTY-MAD

34h 14m2 stops

$784Delta

Find Deal

Sun, Nov 23 - Fri, Dec 5

8:30 pm - 4:30 pmMAD-PTY

26h 00m1 stop

6:45 pm - 4:05 pmPTY-MAD

15h 20m1 stop

$792KLM

Find Deal

Wed, Nov 19 - Wed, Dec 3

10:00 am - 7:59 pmMAD-PTY

39h 59m2 stops

3:46 pm - 8:00 amPTY-MAD

58h 14m2 stops

$796Delta

Find Deal

Thu, Nov 20 - Wed, Dec 3

11:40 am - 4:45 pmMAD-PTY

11h 05mnonstop

6:20 pm - 10:25 amPTY-MAD

10h 05mnonstop

$797Iberia

Find Deal

Sat, Feb 21 - Sat, Feb 28

11:40 am - 4:45 pmMAD-PTY

11h 05mnonstop

6:20 pm - 10:25 amPTY-MAD

10h 05mnonstop

$798Iberia

Find Deal

Sat, Feb 21 - Sat, Feb 28

Iberia flights from Madrid to Panama City

Our best Iberia deals on Madrid to Panama City flight tickets

Iberia

Feb 21

MAD11:40 amMadrid Barajas

11h 05m

PTY4:45 pmPanama City Tocumen Intl

Feb 28

PTY6:20 pmPanama City Tocumen Intl

10h 05m

MAD10:25 amMadrid Barajas

$797

Find similar

Iberia

Feb 21

MAD11:40 amMadrid Barajas

11h 05m

PTY4:45 pmPanama City Tocumen Intl

Feb 28

PTY6:20 pmPanama City Tocumen Intl

10h 05m

MAD10:25 amMadrid Barajas

$798

Find similar

Iberia

Nov 12

MAD12:25 pmMadrid Barajas

13h 50m

1 stop

PTY8:15 pmPanama City Tocumen Intl

Nov 19

PTY6:20 pmPanama City Tocumen Intl

10h 05m

MAD10:25 amMadrid Barajas

$889

Find similar

Air Europa flights from Madrid to Panama City

Our best Air Europa deals on Madrid to Panama City flight tickets

Air Europa

Feb 12

MAD3:10 pmMadrid Barajas

10h 35m

PTY7:45 pmPanama City Tocumen Intl

Mar 25

PTY9:30 pmPanama City Tocumen Intl

9h 35m

MAD1:05 pmMadrid Barajas

$772

Find similar

Air Europa

Mar 20

MAD3:10 pmMadrid Barajas

10h 35m

PTY7:45 pmPanama City Tocumen Intl

Mar 22

PTY9:30 pmPanama City Tocumen Intl

9h 35m

MAD1:05 pmMadrid Barajas

$773

Find similar

Air Europa

Feb 15

MAD3:10 pmMadrid Barajas

10h 35m

PTY7:45 pmPanama City Tocumen Intl

Mar 26

PTY9:30 pmPanama City Tocumen Intl

9h 35m

MAD1:05 pmMadrid Barajas

$786

Find similar

Fly from

Fly to

Route

Depart

Return

Price

MadridPanama City

MAD - PTY

MADPTY

Madrid Barajas

Fri 1/23

1:05 pm-4:30 pm

1 stop33h 25m

Panama City Tocumen Intl

Sun 2/1

10:20 pm-5:40 pm

1 stop13h 20m

$752

MadridPanama City

MAD - PTY

MADPTY

Madrid Barajas

Fri 1/23

1:05 pm-4:30 pm

1 stop33h 25m

Panama City Tocumen Intl

Sun 2/1

10:20 pm-5:40 pm

1 stop13h 20m

$759

MadridPanama City

MAD - PTY

MADPTY

Madrid Barajas

Thu 2/12

3:10 pm-7:45 pm

Nonstop10h 35m

Panama City Tocumen Intl

Wed 3/25

9:30 pm-1:05 pm

Nonstop9h 35m

$772

MadridPanama City

MAD - PTY

MADPTY

Madrid Barajas

Fri 3/20

3:10 pm-7:45 pm

Nonstop10h 35m

Panama City Tocumen Intl

Sun 3/22

9:30 pm-1:05 pm

Nonstop9h 35m

$773

MadridPanama City

MAD - PTY

MADPTY

Madrid Barajas

Wed 11/19

8:30 pm-4:30 pm

1 stop26h 00m

Panama City Tocumen Intl

Wed 11/26

6:45 pm-11:25 pm

1 stop22h 40m

$774

MadridPanama City

MAD - PTY

MADPTY

Madrid Barajas

Sun 11/23

3:10 pm-2:12 pm

2 stops53h 02m

Panama City Tocumen Intl

Fri 12/5

3:46 pm-8:00 am

2 stops34h 14m

$784

MadridPanama City

MAD - PTY

MADPTY

Madrid Barajas

Wed 11/19

8:30 pm-4:30 pm

1 stop26h 00m

Panama City Tocumen Intl

Wed 12/3

6:45 pm-4:05 pm

1 stop15h 20m

$792

MadridPanama City

MAD - PTY

MADPTY

Madrid Barajas

Thu 11/20

10:00 am-7:59 pm

2 stops39h 59m

Panama City Tocumen Intl

Wed 12/3

3:46 pm-8:00 am

2 stops58h 14m

$796

MadridPanama City

MAD - PTY

MADPTY

Madrid Barajas

Sat 2/21

11:40 am-4:45 pm

Nonstop11h 05m

Panama City Tocumen Intl

Sat 2/28

6:20 pm-10:25 am

Nonstop10h 05m

$797

MadridPanama City

MAD - PTY

MADPTY

Madrid Barajas

Sat 2/21

11:40 am-4:45 pm

Nonstop11h 05m

Panama City Tocumen Intl

Sat 2/28

6:20 pm-10:25 am

Nonstop10h 05m

$798

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

Look no further. We've gone through all the searches for this route on momondo so you have the important information and insights to find the cheapest flight ticket for your trip

Prices

Airlines

Delays

Other information

What is the cheapest month to fly to Panama City?

In general, March 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 $687. If you’re not able to fly to Panama City in March, then February is your next best option. Flight prices from Madrid to Panama City during February average around $699.

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

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 $699. 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.

What is the cheapest time of day to depart on your flight 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 Madrid to Panama City during this time can be as low as $888. Try not to purchase tickets in the morning because they tend to be around $919. Of course, these prices can vary depending on the time of year and what airport you fly to.

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?

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 $812 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.

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?

You could potentially save up to 13% on your flight if you consider stops on a Madrid to Panama City flight.

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

As of November 2025, prices for Madrid to Panama City flights are approximately 25% cheaper when compared to flights at the same time last year.

When to book flights from Madrid to Panama City

Are you open to changing your travel dates? Check out the ideal times to fly from Madrid to Panama City according to our flight data. Find out which month and days have the cheapest flights.

Estimated round-trip price

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

Find info about flight duration, direct flights, and airports for your flight from Madrid to Panama City

Best Price Found	$642
Fastest flight time	10h 35m
Direct flights	Every day
Airports in Panama City	1 airport

The best one-way flight to Panama City from Madrid in the past 72 hours is $642. The best round-trip flight deal from Madrid to Panama City found on momondo in the last 72 hours is $1,086.

The fastest flight from Madrid to Panama City takes 10h 35m

Direct flights go from Madrid to Panama City every day.

There is 1 airport near Panama City: Panama City Tocumen Intl (PTY)

Search flight deals

How far is Madrid Barajas to Panama City Tocumen Intl by plane?
The straight-line distance from Madrid Barajas to Panama City Tocumen Intl is 5069.0 mi. 10h 35m is a normal flight duration for this route.
When did momondo last update prices for flights from Madrid Barajas Airport to Panama City Tocumen Intl Airport?
Prices for flights from Madrid Barajas Airport to Panama City Tocumen Intl Airport are refreshed on a daily basis.
How many operators does momondo search for flights from Madrid Barajas Airport to Panama City Tocumen Intl Airport?
As of November 2025, there are 3 operators available to choose from for flights from Madrid Barajas Airport to Panama City Tocumen Intl Airport.
How old do you have to be to fly from Madrid Barajas Airport to Panama City Tocumen Intl Airport?
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.
What documentation or ID do you need to fly to Panama City Tocumen Intl Airport?
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.
What is the most popular plane model from Madrid to Panama City?
Based on momondo bookings for this flight route, the most popular plane model on flight routes from Madrid to Panama City is Boeing 787-9 Dreamliner (57.11% of total bookings). The next most popular plane models are Airbus A330-200 (31.54%), Boeing 787-8 Dreamliner (5.28%), and Airbus A330 (4.01%).
What is the most popular airline from Madrid to Panama City?
Based on momondo bookings for this flight route, the most popular airline on flight routes from Madrid to Panama City is Air Europa (55% of total bookings). The next most popular airlines are Iberia (35%) and Avianca (11%).

Best airlines flying from Madrid to Panama City

Compare and see reviews for airlines that fly from Madrid to Panama City with momondo

Airline	Rating	Free Cancellation	Price
Avianca	PriceFrom $545	Free Cancellation	Rating 6.6 2,469 reviews	Search Avianca flights
Air Europa	PriceFrom $630	Free Cancellation	Rating 7.0 569 reviews	Search Air Europa flights
Iberia	PriceFrom $644	Free Cancellation	Rating 7.0 3,007 reviews	Search Iberia flights

Air Europa Flights From Madrid to Panama City
Air Europa flies from Madrid to Panama City around 6 times per week, with 569 momondo users rating the airline 7.0/10. The cheapest Air Europa deal from Madrid to Panama City in the last 72 hours was $630 (round-trip), much lower than the average airfare cost of $883 for Air Europa flights on this route.
Iberia Flights From Madrid to Panama City
Another popular option for Madrid to Panama City flights is Iberia (7.0/10, 3,007 ratings). Iberia flies from Madrid to Panama City around 3 times per week, with deals starting from $644 round-trip and rising to an average price of around $901.

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Why use momondo?

Why should I use momondo to find a flight deal from Madrid to Panama City?

momondo compares prices from hundreds of airlines and agents so you can find and book the best deal on flights from Madrid to Panama City. Millions of users trust and use momondo every year so you are in good hands.

Can I find flights from Madrid to Panama City with flexible booking policies on momondo?

All flight searches from Madrid to Panama City on momondo can be filtered to show those which offer flexible booking policies.

How can momondo help me find flights from Madrid to Panama City?

Once you have performed a search for Madrid to Panama City flights, momondo helps you find the right one by offering useful filters to narrow down your flight selection. Flights can be filtered by multiple factors such as airline, airport and price; but also by other criteria like aircraft type and payment method.

I’m not ready to book a flight from Madrid to Panama City right now. Can momondo alert me if prices change?

Price alerts on flights to Panama City from Madrid are quick and easy to set up on momondo. Simply perform a search and select the price alert feature. It is as simple as that.

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Airports servicing Panama

Puerto Piña Bahia Pinas Airport

Bocas Del Toro Airport

Changuinola Airport

David Enrique Malek Airport

Jaque Airport

Mulatupo Airport

Puerto Obaldia Airport

Playon Chico Airport

Cheap flights from Madrid to Panama City from $463

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 2/13. 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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How to get the cheapest flight ticket from Madrid to Panama City

Look no further. We've gone through all the searches for this route on momondo so you have the important information and insights to find the cheapest flight ticket for your trip

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?

You could potentially save up to 13% on your flight if you consider stops on a Madrid to Panama City flight.

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

As of November 2025, prices for Madrid to Panama City flights are approximately 25% cheaper 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?

KLM, Air France, and Avianca are the most popular carriers 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 20% 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 111 minutes.

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

Generally, flights departing in the early afternoon 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?

Thursday 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 November 2025. The most frequent departure time is 3:00PM, with 66% of daily flights leaving in the afternoon.

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

45 flights are operational weekly from Madrid to Panama City as of November 2025. The most popular departure day for this route is Mon, with 22% 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

Find info about flight duration, direct flights, and airports for your flight from Madrid to Panama City

Best Price Found

Fastest flight time

Direct flights

Airports in Panama City

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

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

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

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?

What is the most popular plane model from Madrid to Panama City?

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

Best airlines flying from Madrid to Panama City

Compare and see reviews for airlines that fly from Madrid to Panama City with momondo

Air Europa Flights From Madrid to Panama City

Iberia Flights From Madrid to Panama City

Traveling to a place near Panama City?

Why use momondo?

Why should I use momondo to find a flight deal from Madrid to Panama City?

Can I find flights from Madrid to Panama City with flexible booking policies on momondo?

How can momondo help me find flights from Madrid to Panama City?

I’m not ready to book a flight from Madrid to Panama City right now. Can momondo alert me if prices change?

An easier way to manage your Panama City trip

We make it super easy to schedule, organize and travel with friends or family. Trips is free — and available to use no matter where you book.

Get notified when prices go down

Daily price changes in your inbox - only with Price Alerts.

Find better results for your trip to Panama