MAD - PTY

£262 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 24/3. 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
Travellers love KAYAK
41.299.237 searches in the past 7 days on KAYAK

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Everything you should know

Cheapest return fare
£502
Typical prices: £465-£589
Avianca
Mon 9/3Mon 16/3
MAD - PTY • 1 stop
Cheapest direct flights
£526
Typical prices: £494-£663
Air Europa
Wed 22/4Tue 28/4
MAD - PTY • Direct
Our travellers' advice
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
Avianca
Cheapest • from £502 (return)
Air Europa
Best reviews • 6.9 score
Airline reviews
Airline reviews
+1
+1
Airline reviews
Airline reviews
+1
When to book
6 weeks
in advance
Our data shows that travellers who book at least 6 weeks in advance save around 33% compared to booking last minute.
Insights
Insights
Insights
Insights
When to travel
May
Cheapest • 14% price drop
December
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

Mon, 9 Mar - Mon, 16 Mar
Avianca Logo
06:35 - 00:40
MAD
-
PTY
24h 05m
1 stop
Avianca Logo
14:55 - 13:25
PTY
-
MAD
16h 30m
1 stop
£502Avianca
Mon, 9 Mar - Sun, 15 Mar
Avianca Logo
06:35 - 00:40
MAD
-
PTY
24h 05m
1 stop
Avianca Logo
02:55 - 23:20
PTY
-
MAD
14h 25m
1 stop
£505Avianca
Mon, 9 Mar - Wed, 25 Mar
Avianca Logo
10:50 - 00:40
MAD
-
PTY
19h 50m
1 stop
Avianca Logo
02:55 - 23:20
PTY
-
MAD
14h 25m
1 stop
£506Avianca
Mon, 9 Mar - Sun, 15 Mar
Avianca Logo
06:35 - 14:00
MAD
-
PTY
13h 25m
1 stop
Avianca Logo
02:55 - 23:20
PTY
-
MAD
14h 25m
1 stop
£508Avianca
Sun, 3 May - Fri, 3 Jul
KLM Logo
06:00 - 16:50
MAD
-
PTY
17h 50m
1 stop
KLM Logo
18:50 - 16:25
PTY
-
MAD
14h 35m
1 stop
£517KLM
Sun, 8 Mar - Fri, 27 Mar
Avianca Logo
06:35 - 16:55
MAD
-
PTY
16h 20m
1 stop
Avianca Logo
14:55 - 23:20
PTY
-
MAD
26h 25m
1 stop
£519Avianca
Thu, 28 May - Thu, 4 Jun
Multiple Airlines Logo
10:25 - 16:50
MAD
-
PTY
37h 25m
1 stop
Multiple Airlines Logo
21:55 - 11:20
PTY
-
MAD
30h 25m
1 stop
£522Multiple Airlines
Sun, 8 Mar - Fri, 27 Mar
Avianca Logo
06:35 - 01:00
MAD
-
PTY
24h 25m
1 stop
Avianca Logo
14:55 - 23:20
PTY
-
MAD
26h 25m
1 stop
£523Avianca
Thu, 12 Mar - Sat, 14 Mar
Avianca Logo
06:35 - 14:00
MAD
-
PTY
13h 25m
1 stop
Avianca Logo
02:55 - 23:20
PTY
-
MAD
14h 25m
1 stop
£523Avianca
Wed, 22 Apr - Tue, 28 Apr
Air Europa Logo
15:05 - 18:40
MAD
-
PTY
10h 35mdirect
Air Europa Logo
20:25 - 13:15
PTY
-
MAD
9h 50mdirect
£526Air 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 March.

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, Sunday 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 Wednesday, with Saturday 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 £510 (return) on average. On the other hand, the most expensive months are December and August, where the average cost of round-trip tickets is £793 and £728 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.

No, with an average price for the route of £514, prices are generally cheapest when you fly direct.

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 33% compared to booking last minute. For the absolute cheapest price, our data suggests you should book 22 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
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.

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.

Good to know - Cheap tickets from Madrid to Panama City

Low seasonMay
Cheapest flight£262
Best time to beat the crowds (15% less expensive on average)
Most popular time to fly (33% 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 £262 for a one-way ticket and £502 for a return.

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

    Iberia, and KLM 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?

    SkyTeam is the only airline alliance operating flights between Madrid and Panama City.

  • 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.

  • 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 £514 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, Iberia

Air Europa, Iberia

Tuesday

Air Europa

Air Europa

Wednesday

Air Europa, Iberia

Air Europa, Iberia

Thursday

Air Europa

Air Europa

Friday

Air Europa

Air Europa

Saturday

Air Europa, Iberia

Air Europa, Iberia

Sunday

Air Europa, Iberia

Air Europa, Iberia

See more direct flights

Direct returns

Panama City Tocumen Intl to Madrid Barajas

Monday

Air Europa, Iberia

Air Europa, Iberia

Tuesday

Air Europa

Air Europa

Wednesday

Air Europa, Iberia

Air Europa, Iberia

Thursday

Air Europa

Air Europa

Friday

Air Europa

Air Europa

Saturday

Air Europa, Iberia

Air Europa, Iberia

Sunday

Air Europa, Iberia

Air Europa, Iberia

See more direct flights

Reviews of the top airline 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.
6.9
Air EuropaOverall score based on 587 reviews
6.2Food
6.5Entertainment
6.9Comfort
7.4Crew
7.0Boarding
Airline reviews

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.

2.0 MediocreAnonymous, Jan 2026
MAD - JFK
Read more Air Europa reviews

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

Great staff, just very far from the main terminal, had to run to connect my flight. I had 90 minutes to spare. But my flight from Chicago was delayed also.

My luggage is lost and nowhere to be found, no response from airline

Boarding was a shitshow. Had to bus to the gate. No separate bus and boarding process for Business Class.

The plane was very old, no power outlets. We also had to wait a long time to board. They kept moving us to different lines before we actually could step foot on the plane. We ended up being delayed an hour but we were never told or informed for any reason. After the meal I asked for a coffee which the flight attendant forgot and I had to ask again. Overall not the worst but not the best experience.

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

Information on your arrival and departure airports