MAD - PTY

£263 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 10/6. 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
£506
Overall average: £584
Air Europa
Thu 9/4Fri 24/4
MAD - PTY • Direct
Cheapest direct flights
£506
Typical prices: £513-£703
Air Europa
Thu 9/4Sun 26/4
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 £506 (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 45m
Direct flights
Direct flights
+1
+1
Direct flights
Direct flights
+1
Avoid delays
Most punctual • 80% on-time
Best time • Fewest delays
Insights
Insights
Insights
Insights
Top stopover airports
Cheapest • Avg £740 (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 7 weeks in advance save around 35% compared to booking last minute.
Insights
Insights
Insights
Insights
When to travel
Cheapest • 15% 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

Thu, 9 Apr - Fri, 24 Apr
Air Europa Logo
15:05 - 18:40
MAD
-
PTY
10h 35mdirect
Air Europa Logo
20:25 - 13:15
PTY
-
MAD
9h 50mdirect
£506Air Europa
Fri, 24 Apr - Tue, 12 May
Air Europa Logo
15:05 - 18:40
MAD
-
PTY
10h 35mdirect
Air Europa Logo
20:25 - 13:15
PTY
-
MAD
9h 50mdirect
£510Air Europa
Fri, 5 Jun - Thu, 18 Jun
KLM Logo
06:00 - 16:50
MAD
-
PTY
17h 50m
1 stop
KLM Logo
18:50 - 09:30
PTY
-
MAD
31h 40m
1 stop
£511KLM
Mon, 27 Apr - Sun, 10 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
Sun, 10 May - Sun, 17 May
Air Europa Logo
15:05 - 18:40
MAD
-
PTY
10h 35mdirect
Air Europa Logo
20:25 - 13:15
PTY
-
MAD
9h 50mdirect
£513Air Europa
Sun, 3 May - Sun, 10 May
Multiple Airlines Logo
20:30 - 16:50
MAD
-
PTY
27h 20m
1 stop
Multiple Airlines Logo
22:10 - 09:10
PTY
-
MAD
28h 00m
1 stop
£514Multiple Airlines
Sat, 28 Mar - Fri, 3 Apr
Iberia Logo
11:40 - 16:45
MAD
-
PTY
11h 05mdirect
Iberia Logo
21:30 - 14:20
PTY
-
MAD
9h 50mdirect
£518Iberia
Sat, 4 Apr - Sun, 10 May
Multiple Airlines Logo
13:05 - 16:50
MAD
-
PTY
34h 45m
1 stop
Multiple Airlines Logo
22:10 - 09:10
PTY
-
MAD
28h 00m
1 stop
£519Multiple Airlines
Sun, 3 May - Sun, 10 May
Multiple Airlines Logo
06:00 - 16:50
MAD
-
PTY
17h 50m
1 stop
Multiple Airlines Logo
22:10 - 09:10
PTY
-
MAD
28h 00m
1 stop
£522Multiple Airlines
Wed, 6 May - Thu, 21 May
Multiple Airlines Logo
17:20 - 16:50
MAD
-
PTY
30h 30m
1 stop
Multiple Airlines Logo
21:55 - 09:10
PTY
-
MAD
28h 15m
1 stop
£522Multiple Airlines
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.

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 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 September, where tickets cost £533 (return) on average. On the other hand, the most expensive months are December and August, where the average cost of round-trip tickets is £815 and £756 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 £510, 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 7 weeks before departure, which saves you about 35% 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£265
Best time to beat the crowds but there is an average 6% increase in price.
Most popular time to fly (30% 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 £265 for a one-way ticket and £506 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?

    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 £565 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 £488 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 3133 reviews
6.4Food
7.1Boarding
6.8Comfort
6.6Entertainment
7.7Crew
Airline reviews

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

2.0 Mediocrepofeng, Jan 2026
MAD - NAP
Read more Iberia reviews

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.

Flight cancelled, lost a day of travel where we were trying to meet friends we couldn't meet. Iberia website is very difficult to navigate and has lots of dead links. If you do not speak Spanish it is even harder. Tried communicating on their WhatsApp and that was also close to impossible. We were told we'd be compensated 150EU's for this cancelled flight but there is no avenue towards rectifying this issue. I've had to take it up with my credit card to contest the charges and not pay for a flight that didn't happen but doubt I will ever be reimbursed for my two Ubers to the airport where we never even departed or the 150EU's we were told we would receive. I would never fly Iberia again. Clown show.

I've taken British Airways before and it has been great. On this trip to Spain and Portugal we had two BA flights. On both flights we were taken by bus from the terminal out to the plane on the tarmac. There were many older folks on these flights, and to ask people in their 70s to lug their carry-on and personal items up the long mobile staircase to the plane entrance, is very disturbing. I won't be taking British Airways in the future. Many people on these flights were very unhappy.

why can't planes be boarded from back to front?? everything was great otherwise

We flew into Barcelona and the plane was so cramped and very uncomfortable and dirty. But we flew out of Madrid and that plane was much better. Would fly Iberia again.

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

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.

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

Information on your arrival and departure airports