PTY - MAD

£526 Find Cheap Flights from Panama City to Madrid

This is the cheapest return flight price found by a KAYAK user in the last 72 hours by searching for a flight from Panama City to Madrid departing on 5/7. 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

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

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

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

 
Here are some of the best deals found on KAYAK recently from the most popular airlines for return flights from Panama City to Madrid 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 Panama City to Madrid

Sat, 5 Jul - Fri, 26 Sep
 Logo
19:55 - 19:20PTY-MAD
16h 25m1 stop
 Logo
13:05 - 16:50MAD-PTY
34h 45m1 stop
Sun, 12 Oct - Mon, 27 Oct
Air Europa Logo
20:25 - 13:15PTY-MAD
9h 50mdirect
Air Europa Logo
15:10 - 19:45MAD-PTY
10h 35mdirect
£533Air Europa
Find Deal
Fri, 24 Oct - Tue, 4 Nov
Air Europa Logo
20:25 - 13:15PTY-MAD
9h 50mdirect
Air Europa Logo
15:10 - 19:45MAD-PTY
10h 35mdirect
£536Air Europa
Find Deal
Wed, 17 Sep - Tue, 7 Oct
Turkish Airlines Logo
21:55 - 10:25PTY-MAD
29h 30m1 stop
Turkish Airlines Logo
12:00 - 20:00MAD-PTY
39h 00m1 stop
£545Turkish Airlines
Find Deal
Tue, 4 Nov - Tue, 18 Nov
KLM Logo
18:45 - 16:05PTY-MAD
15h 20m1 stop
KLM Logo
20:35 - 16:25MAD-PTY
25h 50m1 stop
£552KLM
Find Deal
Thu, 13 Nov - Tue, 18 Nov
 Logo
22:20 - 23:05PTY-MAD
18h 45m1 stop
 Logo
20:35 - 16:25MAD-PTY
25h 50m1 stop
Mon, 8 Sep - Sat, 20 Sep
Turkish Airlines Logo
20:00 - 10:25PTY-MAD
31h 25m1 stop
Turkish Airlines Logo
12:00 - 20:00MAD-PTY
39h 00m1 stop
£560Turkish Airlines
Find Deal
Wed, 2 Jul - Wed, 9 Jul
KLM Logo
18:50 - 09:35PTY-MAD
31h 45m1 stop
KLM Logo
07:05 - 16:50MAD-PTY
16h 45m1 stop
£580KLM
Find Deal
Thu, 30 Oct - Wed, 5 Nov
Avianca Logo
03:19 - 22:35PTY-MAD
13h 16m1 stop
Avianca Logo
10:55 - 21:00MAD-PTY
16h 05m1 stop
£588Avianca
Find Deal
Wed, 19 Nov - Sat, 29 Nov
Avianca Logo
03:19 - 06:30PTY-MAD
21h 11m1 stop
Avianca Logo
00:35 - 16:30MAD-PTY
21h 55m1 stop
£651Avianca
Find Deal
Expert advice

Expert advice for your flight from Panama City to Madrid

 
Snippets provided in this section are AI-generated based on a summarisation of KAYAK-commissioned articles. The articles are presented as-is, for general informational purposes only, and may not be up-to-date. The opinions contained in the articles are original to the author and reflect their authentic experience, which may vary significantly from the experience of others.
KAYAK teamed up with top travel experts to share the best tips for your journey.
Airlines
Air Europa

Air Europa’s Business Class includes Wi-Fi and VIP lounge access, ideal for working travelers.


Air Europa’s SUMA Gold offers lounge access and priority baggage collection for frequent flyers.

Iberia

Iberia’s business class offers all-aisle access and private suites on A350-900s for restful flights.


Iberia’s Wi-Fi offers global coverage with free messaging for Iberia Plus members on all flights.

Read more about Iberiaby Marisa Garcia
Our travel experts
Laura Ratliff

Laura Ratliff

Expert on Air Europa

Laura Ratliff

Laura Ratliff

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.

Read more
Marisa Garcia

Marisa Garcia

Expert on Iberia

Marisa Garcia

Marisa Garcia

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.

Read more
Useful Info

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

Get data-powered insights and trends into flights from Panama City to Madrid 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 Panama City to Madrid?

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

If you are looking for a flight deal from Panama City to Madrid, look for departures on Saturdays and avoid leaving on a Friday, as it's usually the priciest day. When flying back from Madrid, Tuesday is the cheapest day to fly and Sunday is the most expensive.

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

To calculate monthly average prices, KAYAK takes all prices for each month over the last year for round-trip flights from Panama City to Madrid, 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 Panama City to Madrid is March, where tickets cost £504 (return) on average. On the other hand, the most expensive months are July and December, where the average cost of round-trip tickets is £656 and £640 respectively.

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

To calculate weekly average prices, KAYAK takes all prices for each week before departure over the last year for round-trip flights from Panama City to Madrid, 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 Panama City to Madrid, you should book around 7 weeks before departure. For the absolute cheapest price, our data suggests you should book 17 weeks before departure.


Good to know - Cheap tickets from Panama City to Madrid

Low seasonAugust
High seasonFebruary
Cheapest flight£320
Best time to beat the crowds but there is an average 12% increase in price.
Most popular time to fly and prices are also 11% lower on average.
Flight from Panama City to Madrid

When to book flights from Panama City to Madrid

Are your dates flexible? Find out the best times to travel from Panama City to Madrid 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 Panama City to Madrid

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

    In the last 3 days, the lowest price for a flight from Panama City to Madrid was £435 for a one-way ticket and £715 for a return.

  • Which airports will I be using when flying from Panama City to Madrid?

    On your way to Madrid, you’ll fly out from Panama City Tocumen Intl. You’ll be landing at Madrid Barajas.

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

    Iberia, Air France, British Airways, Finnair, and Air Europa offer inflight Wi-Fi service on the Panama City to Madrid flight route.

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

    The Airbus A330 is the aircraft model that flies most regularly on the Panama City to Madrid flight route.

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

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

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

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

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

    The two airlines most popular with KAYAK users for flights from Panama City to Madrid are Iberia and Air Europa. With an average price for the route of £679 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 £622 and an overall rating of 6.9.

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

    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 Panama City to Madrid.

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

    KAYAK’s flight Price Forecast tool uses historical data to determine whether the price for a flight to Madrid from Panama City 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 Panama City to Madrid?

    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 Madrid with an airline and back to Panama City with another airline.

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

    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 Madrid from Panama City 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 Panama City to Madrid

  • Looking for a cheap flight from Panama City to Madrid? 25% of our users found flights on this route for £459 or less one-way and £637 or less round-trip.

Prefer to fly direct from Panama City to Madrid?

Find which airlines fly direct from Panama City Tocumen Intl Airport to Madrid Barajas Airport, which days they fly and book direct flights.

Direct departures

Panama City Tocumen Intl to Madrid Barajas

Monday

Air Europa, British Airways, China Eastern, +5 more

Air Europa, British Airways, +6 more

Tuesday

Air Europa, China Eastern, Copa Airlines, +1 more

Air Europa, China Eastern, +2 more

Wednesday

Air Europa, China Eastern, Copa Airlines, +1 more

Air Europa, China Eastern, +2 more

Thursday

Air Europa, British Airways, China Eastern, +5 more

Air Europa, British Airways, +6 more

Friday

Air Europa, China Eastern, Copa Airlines, +1 more

Air Europa, China Eastern, +2 more

Saturday

Air Europa, British Airways, China Eastern, +5 more

Air Europa, British Airways, +6 more

Sunday

Air Europa, British Airways, China Eastern, +5 more

Air Europa, British Airways, +6 more

See more direct flights

Direct returns

Madrid Barajas to Panama City Tocumen Intl

Monday

Air Europa, British Airways, China Eastern, +5 more

Air Europa, British Airways, +6 more

Tuesday

Air Europa, China Eastern, Copa Airlines, +1 more

Air Europa, China Eastern, +2 more

Wednesday

Air Europa, China Eastern, Copa Airlines, +1 more

Air Europa, China Eastern, +2 more

Thursday

Air Europa, British Airways, China Eastern, +5 more

Air Europa, British Airways, +6 more

Friday

Air Europa, China Eastern, Copa Airlines, +1 more

Air Europa, China Eastern, +2 more

Saturday

Air Europa, British Airways, China Eastern, +5 more

Air Europa, British Airways, +6 more

Sunday

Air Europa, British Airways, China Eastern, +5 more

Air Europa, British Airways, +6 more

See more direct flights
See more direct flights

Top airlines flying from Panama City to Madrid

 
See real verified KAYAK customer reviews for airlines flying from Panama City to Madrid. 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 Panama City to Madrid? 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 2776 reviews
6.6Entertainment
7.1Boarding
6.8Comfort
6.3Food
7.7Crew
Airline reviews

Not having to check carry on bags when plane wasn’t full. (The told us it was)

6.0 GoodAnonymous, May 2025BOS - MAD
Read more Iberia reviews

Not having to check carry on bags when plane wasn’t full. (The told us it was)

Service and food were excellent, could have been more info in English.

I was in business class for the 8 hour flight where: 1. The WiFi did not work 2. The entertainment system did not work 3. We were told there were no hot drinks for the entire flight

I had an issue with the name on my ticket vs my passport name. I was very upset that the Iberia ticket clerk had no authorization to help me and I was left to fix it. It took 19 calls of persons promising to accomplish and not doing anything before I reached someone who helped me in 10 minutes. Two of them even hung up on me. I missed my original flight because of this. Terrible customer service.

Flight boarded three hours late for no reason other than someone made a huge error in crew scheduling. We missed our connecting flight in Madrid and got zero help from American or Iberian airlines on rebooking. We had to pay for a car to take us to the Madrid train station and pay for train tickets to Santiago. We never used our booked flight to Santiago. American claims I can submit the expenses but they are not obligated to cover them. Very frustrating.

Flight delayed Service could be better Iberia staff are not really friendly

Flight from Costa Rica to Madrid was excellent. Good food and service. The flight from Madrid to Brussels was very poor . No food , no entertainment, no usb … Total package was quite expensive so you should give same service on the second flight

business class food was pretty average otherwise it was a good experience

Flight from Madrid to Dakar had no onboard entertainment for a business class. Not even a single screen . That was disappointing. The WiFi only worked for the first 45 mins of the flight.

I paid to upgrade to Business Class. The queue to check in at the Business Class aisle was full of people without Business Class tickets, the fast-track immigration line was “closed” but the representative opened it up for his friends, regardless (there was a lot of fist-bumping), and the lounge was an absolute mess…..4 staff sitting playing with their phones while every table had dirty plates and glasses waiting to be cleared…..and the least said about the rude lady on the reception desk at the lounge , the better!

Everything should improve! Service like a low cost but prices like a premium airline. Crew in general with bad manners arguing for everything. You pay for priority access but then they use buses, so your loose your advantage to put your carry on first. That was the purpose for paying for priority. Bording is a nightmare, people accessing the plane for bothering doors, front and rear, no matter which line do you have.

Issues with plane led to multiple gate changes and chaos. Very little communication from the ground crew led to cranky passengers.

I flew business class, at breakfast I asked for a small bottle of olive oil instead of butter and the flight attendant responded with a negative gesture.

They didn't even give us water, everything was sold

They should at least offer water like other airlines, which seems like a humanitarian gesture to me

They gave me an upgrade but charged me for my bag. I felt abused because this had never happened to me before with an upgrade with another airline.

Well. It is a no frills airline. Annoying is that even for the long-haul everything has to be paid for separately. Once you add up the extras the flight is getting to expensive. Then one might as well fly with a legacy carrier which provides far better comfort. Changing flight at MAD airport is a nightmare. The worst airport in the world. Poor signposting, poor passport control, poor security check and long queues. I had 2h transfer time and spend in queues almost 1.5h

All flights with Air Europa you arrive late to the connections of other flights, I missed my train, I had to pay for my train again, the crew are antisocial, you are paying for a service, it is not free, thanks to the travelers they are there, it is the last time I fly with them,

Terrible experience - we won’t be flying with Air Europa again

The crew was not kind , just doing their job but very cold people

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

Information on your arrival and departure airports

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