Cheap flights from Toronto Pearson Intl Airport to Panama City from $245

In general, November is the cheapest month to fly from Toronto Pearson Intl Airport to Panama City. Due to it being the ‘off-season’ during this time, you can expect flight prices to be around $537. If you’re not able to fly to Panama City in November, then October is your next best option. Flight prices from Toronto Pearson Intl Airport to Panama City during October average around $562.

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 $651. If your travel schedule is flexible, try to avoid departing on a Sunday because tickets tend to average around $825. 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 Toronto Pearson Intl Airport to Panama City during this time can be as low as $403. Try not to purchase tickets in the evening because they tend to be around $878. Of course, these prices can vary depending on the time of year and what airport you fly to.

Fly from Toronto Pearson Intl to Panama City Tocumen Intl for the best Toronto Pearson Intl - Panama City Tocumen Intl flight prices

You are more likely to see cheaper flights to Panama City from Toronto Pearson Intl Airport when booking weeks ahead of your departure date. In general, you can expect to find flights to Panama City for around $614 when searching weeks out. However, flight prices might be lower outside of this timeframe. For example, people recently found flights to Panama City from Toronto Pearson Intl Airport for as low as $519 on momondo.

There are 2 cabin classes available to choose from on Toronto Pearson Intl Airport to Panama City flights. Cabin price and availability will vary by airline so perform a search above to find the right deals for you.

You could potentially save up to 14% on your flight if you consider stops on a Toronto Pearson Intl Airport to Panama City flight.

As of May 2026, prices for Toronto Pearson Intl Airport to Panama City flights are approximately 54% more expensive when compared to flights at the same time last year.

United Airlines is the most popular carrier operating from Toronto Pearson Intl to Panama City Tocumen Intl

Copa Airlines, Air Transat and Avianca are the top three most popular airlines that fly to Panama City from Toronto Pearson Intl Airport according to our data. Copa Airlines is the first choice among our users, with 72% of people opting to fly with this airline when traveling to Panama City. Keep in mind that there are 4 different airlines that fly to Panama City on a routine basis, so you have a few additional options to choose from.

Historically, on average around 11% of flights between Toronto and Panama City have experienced a delay on any given week. The average delay length over the past 12 months has been 121 minutes.

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

Friday is statistically the day of the week which experiences the fewest number of delays on this flight route. Saturday 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 11% of their flights experiencing any sort of delay.

As of May 2026, there are 1 flights per day flying from Toronto Pearson Intl Airport to Panama City. The most common time of day flights depart is 8:00AM, with 100% of flights taking off at noon.

7 flights are operational weekly from Toronto Pearson Intl Airport to Panama City as of May 2026. The most popular departure day for this route is Mon, with 14% of flights per week taking off on this day.