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Cheap flights from Madrid to Panama City

One-way from €307, found by travellers in the last 7 days. Aviasales checks the live price.

Departure
Return
Prices for nearby dates
Sat, Mar 13Any priceSun, Mar 14Any priceMon, Mar 15Any priceTue, Mar 16€307Wed, Mar 17Any priceThu, Mar 18Any priceFri, Mar 19Any priceSat, Mar 20Any price

Cheapest one-way tickets

Recent finds on different dates, for 1 adult. Baggage and fare rules are shown on Aviasales, where the price is checked live.

Cheapest
€307
avianca airlines, flight AV 027Found 2 days ago, 1 adult
Check price on Aviasales
08:10MadridTue, Mar 16
Travel time 12h 5m, 1 stopMADPTY
14:15Panama CityTue, Mar 16
€336
avianca airlines, flight AV 183Found 2 days ago, 1 adult
Check price on Aviasales
10:10MadridWed, Feb 24
Travel time 12h 5m, 1 stopMADPTY
16:15Panama CityWed, Feb 24
€350
avianca airlines, flight AV 011Found 7 days ago, 1 adult
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16:20MadridWed, Feb 3
Travel time 12h 10m, 1 stopMADPTY
22:30Panama CityWed, Feb 3
€387
avianca airlines, flight AV 183Found 6 days ago, 1 adult
Check price on Aviasales
10:10MadridThu, Feb 4
Travel time 12h 5m, 1 stopMADPTY
16:15Panama CityThu, Feb 4
€387
avianca airlines, flight AV 11Found 6 days ago, 1 adult
Check price on Aviasales
16:20MadridFri, Feb 5
Travel time 12h 10m, 1 stopMADPTY
22:30Panama CityFri, Feb 5

Round trips

The cheapest return tickets found recently, price for the whole trip.

Plan the rest of the trip

  • Mobile data in PanamaTravel eSIM from $7, installed before you fly.
    Compare plans
  • Getting from the airportTransfers and car hire in Panama City, booked ahead at a fixed price.
    See options
  • Things to do in Panama CityPopular tours from $30 per person.
    See ideas
  • Travel insuranceTravel insurance quotes for Panama from EKTA; check what each policy covers.
    Get a quote
  • Flight delayed?Arrived 3+ hours late, cancelled at short notice or bumped? Up to €600 per person under EU261.
    Check

Price calendar

The lowest one-way fare found for each day over the next 60 days. A dash means no recent fare; you can still pick that day.

October 2026

MoTuWeThFrSaSu1234–5–6–7–8€5569–10–11–12–13–14–15–16–17–18–19–20–21–22–23–24€55025€58226–27–28–29–30–31–

November 2026

MoTuWeThFrSaSu1–2–3€5554€5725€5036€5087–8–9€58210–11–12–13–14–15€55616–17–18–19–20–21–22–23–24–25–26–27–28–29–30–

December 2026

MoTuWeThFrSaSu1–2–345678910111213141516171819202122232425262728293031
€387 or lessGreen: the cheapest fifth of fares on this route. Lowest in these 60 days: Nov 5, €503.

Lowest fares by month

In the fares found this week, March 2027 has the lowest: from €307 one-way, against €550 in October. Pick a month to see its cheapest date.

€0€200€400€600OctNovDecJanFeb€307MarAprMayJunJulAugSep
Show as a table
MonthCheapest one-wayDateStops
October€550Sat, Oct 24Nonstop
November€503Thu, Nov 51 stop
December€528Sun, Dec 6Nonstop
January 2027—
February 2027€336Wed, Feb 241 stop
March 2027€307Tue, Mar 161 stop
April 2027—
May 2027—
June 2027—
July 2027—
August 2027—
September 2027€399Thu, Sep 21 stop

Questions travellers ask

What is the cheapest month to fly from Madrid to Panama City?

In the fares found this week, March 2027 has the lowest: from €307 one-way, against €550 in October.

Are there direct flights from Madrid to Panama City?

Yes. Recent fares include nonstop flights with Air Europa and Iberia.

How long is the flight from Madrid to Panama City?

A nonstop flight takes about 10h 35m. The distance is 8,156 km.

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