MAD - PTY

£259 Find Cheap Flights from Madrid to Panama City

This is the cheapest one-way flight price found by a KAYAK user in the last 72 hours by searching for a flight from Madrid to Panama City departing on 7/5. Fares are subject to change and may not be available on all flights or dates of travel. Click the price to replicate the search for this deal.
1 adult
1 adult, Economy, 0 bags

KAYAK searches hundreds of travel sites at once for deals on flights to Panama City

 
These are the airlines KAYAK users have selected most often from within our search results in flight searches from Madrid to Panama City, as well as popular online travel agencies
These are the airlines KAYAK users have selected most often from within our search results in flight searches from Madrid to Panama City, as well as popular online travel agencies
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Everything you should know

Cheapest return fare
£512
Typical prices: £590-£502
Air Europa
Sun 10/5Tue 26/5
MAD - PTY • Direct
Cheapest one-way flight
£259
Typical prices: £256-£341
Air Europa
Thu 7/5
MAD - PTY • Direct
Advice from real travellers
AI-powered summary based on content written by travel experts. AI can make mistakes.
Air Europa offers speedy Wi-Fi for long flights.
Iberia provides two meals with Spanish cuisine onboard.
Expert advice
Expert advice
Expert advice
Expert advice
Top airlines
Cheapest • from £512 (return)
Best reviews • 7.0 score
Airline reviews
Airline reviews
+1
+1
Airline reviews
Airline reviews
+1
Direct flights
You can fly direct with Air Europa and Iberia. Average duration is 10h 50m
Direct flights
Direct flights
+1
+1
Direct flights
Direct flights
+1
Avoid delays
Most punctual • 76% on-time
Best time • Fewest delays
Insights
Insights
Insights
Insights
Top stopover airports
Cheapest • Avg £442 (return)
Shortest trip • 13h 50m (one-way)
Insights
Insights
Insights
Insights
When to book
in advance
Our data shows that travellers who book at least 6 weeks in advance save around 13% compared to booking last minute.
Insights
Insights
Insights
Insights
When to travel
Cheapest • 13% price drop
Most popular
Good to know
Good to know
+1
+1
Good to know
Good to know
+1
Start a new search
KAYAK searches hundreds of sites at once to find you the best travel deals.
We hope you love your trip to Panama City!
Flight Deals
Booking Insights
Expert advice
Flight Deals

Cheap Flights from Madrid to Panama City (MAD-PTY)

 
Here are some of the best deals found on KAYAK recently from the most popular airlines for return flights from Madrid to Panama City that are departing in the next months. While these flights were available on KAYAK in the last 72 hours, prices and availability are subject to change and deals may expire.
Discover the best prices for you by selecting your travel dates on KAYAK.

Recent return flight deals from Madrid to Panama City

Sun, 10 May - Tue, 26 May
Air Europa Logo
15:05 - 18:40
MAD
-
PTY
10h 35mdirect
Air Europa Logo
20:25 - 13:15
PTY
-
MAD
9h 50mdirect
£512Air Europa
Thu, 21 May - Mon, 25 May
Air Europa Logo
15:05 - 18:40
MAD
-
PTY
10h 35mdirect
Air Europa Logo
20:25 - 13:15
PTY
-
MAD
9h 50mdirect
£539Air Europa
Wed, 3 Jun - Tue, 21 Jul
Avianca Logo
11:05 - 00:35
MAD
-
PTY
20h 30m
1 stop
Avianca Logo
15:50 - 18:05
PTY
-
MAD
19h 15m
1 stop
£573Avianca
Fri, 16 Oct - Fri, 23 Oct
Delta Logo
12:45 - 12:56
MAD
-
PTY
55h 11m
2 stops
Delta Logo
14:21 - 09:00
PTY
-
MAD
35h 39m
2 stops
£574Delta
Mon, 14 Sep - Sat, 26 Sep
Delta Logo
14:35 - 12:56
MAD
-
PTY
29h 21m
2 stops
Delta Logo
14:21 - 06:20
PTY
-
MAD
32h 59m
2 stops
£574Delta
Mon, 12 Oct - Fri, 23 Oct
Delta Logo
14:35 - 12:56
MAD
-
PTY
29h 21m
2 stops
Delta Logo
14:21 - 09:00
PTY
-
MAD
35h 39m
2 stops
£575Delta
Sat, 29 Aug - Thu, 10 Sep
Delta Logo
14:35 - 13:13
MAD
-
PTY
29h 38m
2 stops
Delta Logo
14:21 - 06:20
PTY
-
MAD
32h 59m
2 stops
£576Delta
Tue, 16 Jun - Tue, 7 Jul
Air Europa Logo
15:05 - 18:40
MAD
-
PTY
10h 35mdirect
Air Europa Logo
20:25 - 13:15
PTY
-
MAD
9h 50mdirect
£582Air Europa
Tue, 6 Oct - Sat, 17 Oct
Avianca Logo
08:10 - 00:35
MAD
-
PTY
23h 25m
1 stop
Avianca Logo
17:55 - 00:20
PTY
-
MAD
23h 25m
1 stop
£589Avianca
Tue, 13 Oct - Sat, 24 Oct
Air Europa Logo
15:05 - 18:40
MAD
-
PTY
10h 35mdirect
Air Europa Logo
21:30 - 13:05
PTY
-
MAD
9h 35mdirect
£598Air Europa
Booking Insights

KAYAK’s insights & trends for Madrid to Panama City flights

Get data-powered insights and trends into flights from Madrid to Panama City to help you find the cheapest flights, the best time to fly and much more.

How much is a return flight from Madrid to Panama City?

This analysis is based on the cheapest return trip price found on KAYAK in the last 12 months by searching for a flight from Madrid to Panama City departing in May.

What’s the cheapest day of the week to fly from Madrid to Panama City?

The average price of all round-trip flights from Madrid to Panama City clicked on KAYAK for each day over the last 12 months.

For Madrid to Panama City, Wednesday is the cheapest day to fly on average and Monday is the most expensive. Flying from Panama City back to Madrid, the best deals are generally found on Tuesday, with Monday being the most expensive.

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

To calculate monthly average prices, KAYAK takes all prices for each month over the last year for round-trip flights from Madrid to Panama City, removes the top 0.1% to account for outliers, and then takes the median of all values for each month.

The cheapest month for flights from Madrid to Panama City is May, where tickets cost £539 (return) on average. On the other hand, the most expensive months are December and August, where the average cost of round-trip tickets is £809 and £768 respectively.

Can I save money by flying with a stopover from Madrid to Panama City?

The average return price for all direct flights, flights with one stopover, and flights with two stopovers for the route found by users searching on KAYAK in the last 2 weeks.

Yes, flying with a stopover may cost you more time, but you can also save money on the route, with a 1 stop stopover the cheapest option at £563 on average.

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

To calculate weekly average prices, KAYAK takes all prices for each week before departure over the last year for round-trip flights from Madrid to Panama City, removes the top 0.1% to account for outliers, and then takes the average of all the values for each week.

To get a below average price on the flight from Madrid to Panama City, you should book around 6 weeks before departure, which saves you about 13% compared to booking last minute. For the absolute cheapest price, our data suggests you should book 26 weeks before departure.

Expert advice

Expert advice for your flight from Madrid to Panama City

 
AI-powered summary based on content written by travel experts. AI can make mistakes.
KAYAK teamed up with top travel experts to share the best tips for your journey.
Our travel experts
Laura Ratliff

Laura Ratliff

Expert on Air Europa

Laura Ratliff is a New York-based writer and editor. She lives in downtown Brooklyn with her husband and their beloved dogs. Originally from Texas, she now considers New York City her home. She typically spends more than 200,000 miles on a plane each year and stays in plenty of hotels.

Marisa Garcia

Marisa Garcia

Expert on Iberia

Marisa knows planes inside and out, spending 16 years working on aircraft in hangars at airports around the world. She is an aviation industry expert, specialising in airline interiors and regulations. 10 years ago, she pivoted to journalism. She shares her insights in leading aviation, travel and business publications and on her site, FlightChic.

Good to know - Cheap tickets from Madrid to Panama City

Low seasonJanuary
Cheapest flight£259
Best time to beat the crowds but there is an average 5% increase in price.
Most popular time to fly (13% more expensive on average)
Flight from Madrid to Panama City

When to book flights from Madrid to Panama City

Are your dates flexible? Find out the best times to travel from Madrid to Panama City based on our flight data from the last year. Discover the cheapest month and even day to fly.
Estimated return price
KAYAK looks at all historical flight data for each date to provide a predicted price for one-way trips or returns with a duration up to 40 days. While we try to provide actual minimum prices for each date, some prices are predictions and actual prices may differ.

FAQs for booking flights from Madrid to Panama City

  • What is the cheapest flight from Madrid to Panama City?

    In the last 3 days, the lowest price for a flight from Madrid to Panama City was £259 for a one-way ticket and £512 for a return.

  • Which airlines offer Wi-Fi service onboard planes from Madrid to Panama City?

    Iberia, KLM, and Copa Airlines offer inflight Wi-Fi service on the Madrid to Panama City flight route.

  • Which aircraft models fly most regularly from Madrid to Panama City?

    The Boeing 787-9 Dreamliner is the aircraft model that flies most regularly on the Madrid to Panama City flight route.

  • Which airline alliances offer flights from Madrid to Panama City?

    oneworld, and SkyTeam are the airline alliances operating flights between Madrid and Panama City, with oneworld being the most commonly used for this route.

  • On which days can I fly direct from Madrid to Panama City?

    There are direct flights from Madrid to Panama City on a daily basis.

  • Which is the best airline for flights from Madrid to Panama City, Iberia or Air Europa?

    The two airlines most popular with KAYAK users for flights from Madrid to Panama City are Iberia and Air Europa. With an average price for the route of £517 and an overall rating of 7.0, Iberia is the most popular choice. Air Europa is also a great choice for the route, with an average price of £558 and an overall rating of 6.9.

  • How does KAYAK find such low prices on flights from Madrid to Panama City?

    KAYAK is a travel search engine. That means we look across the web to find the best prices we can find for our users. With over 2 billion flight queries processed yearly, we are able to display a variety of prices and options on flights from Madrid to Panama City.

  • How does KAYAK's flight Price Forecast tool help me choose the right time to buy my flight ticket from Madrid to Panama City?

    KAYAK’s flight Price Forecast tool uses historical data to determine whether the price for a flight to Panama City from Madrid is likely to change within 7 days, so travelers know whether to wait or book now.

  • What is the Hacker Fare option on flights from Madrid to Panama City?

    Hacker Fares allow you to combine one-way tickets in order to save you money over a traditional return ticket. You could then fly to Panama City with an airline and back to Madrid with another airline.

  • What is KAYAK's "flexible dates" feature and why should I care when looking for a flight from Madrid to Panama City?

    Sometimes travel dates aren't set in stone. If your preferred travel dates have some wiggle room, flexible dates will show you all the options when flying to Panama City from Madrid up to 3 days before/after your preferred dates. You can then pick the flights that suit you best.

KAYAK’s top tips for finding a cheap flight from Madrid to Panama City

  • Looking for a cheap flight from Panama City to Madrid? 25% of our users found flights on this route for £558 or less round-trip.

Prefer to fly direct from Madrid to Panama City?

 
Direct data is based off flight results for the next 60 days. Find direct flights from all airlines flying direct from Madrid Barajas to Panama City Tocumen Intl.
Find which airlines fly direct from Madrid Barajas Airport to Panama City Tocumen Intl Airport, which days they fly and book direct flights.

Direct departures

Madrid Barajas to Panama City Tocumen Intl

Monday

Air Europa

Air Europa

Tuesday

Air Europa

Air Europa

Wednesday

Air Europa,Iberia

Air Europa,Iberia

Thursday

Air Europa

Air Europa

Friday

Air Europa,Iberia

Air Europa,Iberia

Saturday

Air Europa

Air Europa

Sunday

Air Europa,Iberia

Air Europa,Iberia

See more direct flights

Direct returns

Panama City Tocumen Intl to Madrid Barajas

Monday

Air Europa

Air Europa

Tuesday

Air Europa

Air Europa

Wednesday

Air Europa,Iberia

Air Europa,Iberia

Thursday

Air Europa

Air Europa

Friday

Air Europa,Iberia

Air Europa,Iberia

Saturday

Air Europa

Air Europa

Sunday

Air Europa,Iberia

Air Europa,Iberia

See more direct flights

Reviews of the top airlines flying from Madrid to Panama City

 
See real verified KAYAK customer reviews for airlines flying from Madrid to Panama City. Airline scores are aggregated from all reviews left by passengers on KAYAK after flying with an airline. KAYAK doesn’t show reviews that are older than 5 years. Learn how KAYAK collects reviews.
Need help choosing which airline to fly with from Madrid to Panama City? KAYAK airline reviews give an overall score for each airline based on loads of factors, including comfort, boarding, in-flight entertainment and more, to make your decision easier. See airline scores according to verified KAYAK customer reviews.
7.0
IberiaOverall score based on 3202 reviews
7.2Boarding
6.6Entertainment
7.7Crew
6.7Comfort
6.3Food
Airline reviews

Excellent crew, food and service. Boarding via bus is always a pain but overall really good

10.0 ExcellentFelix, Apr 2026
MAD - ORD
Read more Iberia reviews

Excellent crew, food and service. Boarding via bus is always a pain but overall really good

Stewardess was not attentive at all asked for a bottle of water never came by 15 minutes later I asked her she said that she forgot there was only 12 people in first class and two stewardess unacceptable I ordered the fish was the last person to order. They said that they did not have any had to have a different item pasta at the inside of it because I was diabetic. Worst experience I ever had will never travel this airline again.

It’s got the tightest seats of any airline - my knees were smashed for 3 hours - absolutely awful.

Flight was fine - however my husband's checked in case was damaged, and mine still has not arrived

30 minutes still don't have gate number, ask many people can't get answer.

The boarding procedure got confusing because they wanted to weigh everyone’s carry-on. Apparently mine was 3 1/2 kg over their limit. I didn’t know they had a limit. And at the check-in desk, nothing was said about this. They wanted me to check the carry-on at no charge and that would have been fine except then they told me at my connection in London I would have to go outside to baggage claim retrieve my bag, and then recheck it. In other words, they could not check it to my final destination, only to London. I told him this was unacceptable so after a few minutes of discussion, they came back and said that my bag would be OK to carry on the plane. It seems that if you have a connection then the weight is not as important. Then when I actually went to board the boarding agent said I needed a tag indicating that my bag had been weighed, even though she had just five minutes ago talked to the same person who cleared me. Lots of confusion seems like a very bad process. They need to improve this.

The crew was super friendly and helpful. The food was quite good. An overall positive experience.

the seats were bad and uncomfortable and the food was not tasty.

The crew was amazing. I appreciate the level of professionalism in the Iberia crew.

A more organized boarding experience and better food would have made the experience better.

The flight was long but everything went well. Crew was helpful and very attentive. Food was good and the entertainment options were many.

My long-haul flight experience with this airline was not very pleasant. Earphones were paid, and no eye mask or other amenities were provided. The meals were served in cardboard boxes with plastic cutlery. The restroom was unclean and ran out of toilet paper. However, the boarding process was smooth and well organized.

We experienced a delay of almost two hours before takeoff. For a flight of more than 10 hours, sitting on the runway for two hours is quite exhausting. The airline did nothing to attend to the passengers during that time. We were not given any courtesy drinks or snacks—only the bare minimum during the flight. The crew seemed very apologetic, but apparently they have restrictions imposed by the airline, because despite their friendliness, they provided strictly what was necessary and, of course, everything else was for sale. However, after a two-hour delay, one would expect at least complimentary beverages. In addition to this, the space between the rows of seats is inhumanely narrow. Air Europa should review this for such long flights and be a bit more considerate and humane with its customers.

I flew in business a couple of months ago, it was great, tried again in economy, it is the cramped seat I have ever been into, for an overseas flight across the atlantic it is inhumane to put passengers in such cramped space. Other than that, everything ok. Took a second flight from Madrid to London, also economy and it was roomy and perfect.

No WiFi on the plane. Crew was insensitive to my medical supplies and medicine in my carry on. If the crew was monitoring passengers putting 2 bags in overhead bins there would be room. We sat for 2 hours extra. Iberojet is horrible never again.

There was no water in one of the sinks in the executive area, which is unacceptable as we could not wash our hands after using the restroom

Like I said the experience was mediocre. Nothing special about this airline.

This flight was delayed by more than an hour. The seats are uncomfortable ans do not recline properly. I prepurchased a wifi pass, but wifi was not working on this flight at all. The food was bland.

Food situation was bad. Also movie choices when compared to other airlines was terrible. Seats very narrow. My tv didn’t work.

I was not allowed to cancel the flight, customer service is atrocious

Everything you need to know for your flight from Madrid to Panama City

Information on your arrival and departure airports