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Cheap flights from Panama City to Madrid, Spain from C$ 760

This is the cheapest one-way flight price found by a Cheapflights user in the last 72 hours by searching for a flight departing on 1/3. Fares are subject to change and may not be available on all flights or dates of travel.
PTY — MAD
26 Jan — 2 Feb1
1 adult

The best prices from Panama City Tocumen Intl to Madrid Barajas are usually found in February or March, booked 39 days in advance, depart on a Wednesday or Thursday and return on a Monday

Cheap flight deals from Panama City to Madrid

Discover tips and strategies to find the most affordable flight options for your journey from Panama City (PTY) to Madrid (MAD). Learn about various techniques such as flexible date searches, comparing prices across and setting up price alerts. Use these methods to find the cheapest flights available for your travel needs. Data last updated 21 January 2025.

Round-trip from

C$ 975

One-way from

C$ 760

Popular in

July

Cheapest in

February

Average price

C$ 1,149
Air Europa
  • Air Europa
  • 15/4-29/4
  • Nonstop
  • 20h 25m total
  • Panama City to Madrid
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Avianca
  • Avianca
  • 1/3
  • 2 total stops
  • 27h 05m total
  • Panama City to Madrid
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High demand for flights, 9% potential price rise
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Best time to find cheap flights, 1% potential price drop
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Average for round-trip flights in January 2025
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Find flight deals from Panama City to Madrid

Cheapest flights from Panama City to Madrid
Explore the most affordable flight options available from Panama City to Madrid. Find the lowest fares from popular airlines and budget airlines, with prices last updated on 21 January 2025.

Tue 15/48:25 p.m.PTY - MAD
Nonstop9h 50mAir Europa
Mon 28/43:05 p.m.MAD - PTY
Nonstop10h 35mAir Europa
Deal found 20/1C$ 975
Sat 1/28:50 p.m.PTY - MAD
1 stop14h 10mMultiple Airlines
Sat 15/35:00 p.m.MAD - PTY
1 stop29h 25mMultiple Airlines
Deal found 20/1C$ 1,016
Wed 5/26:45 p.m.PTY - MAD
1 stop22h 40mKLM
Mon 5/56:00 a.m.MAD - PTY
1 stop17h 50mKLM
Deal found 20/1C$ 1,019
Mon 28/410:55 p.m.PTY - MAD
2 stops25h 55mUnited Airlines
Fri 9/510:50 a.m.MAD - PTY
1 stop15h 41mUnited Airlines
Deal found 20/1C$ 1,037
Sun 16/38:50 p.m.PTY - MAD
1 stop30h 20mAir France
Sun 30/36:00 a.m.MAD - PTY
1 stop18h 55mAir France
Deal found 20/1C$ 1,098
Tue 21/16:20 p.m.PTY - MAD
Nonstop10h 05mIberia
Fri 24/111:45 a.m.MAD - PTY
Nonstop11h 05mIberia
Deal found 20/1C$ 1,117
Mon 3/23:19 a.m.PTY - MAD
1 stop13h 16mAvianca
Tue 11/24:20 p.m.MAD - PTY
1 stop14h 00mAvianca
Deal found 20/1C$ 1,129
Tue 4/27:50 p.m.PTY - MAD
1 stop33h 05mTurkish Airlines
Tue 25/26:10 a.m.MAD - PTY
2 stops42h 10mTurkish Airlines
Deal found 21/1C$ 1,182

Find flights from Panama City to Madrid within your budget

Customize your flight search to find flights from Panama City to Madrid that fit within your specific budget. Explore options based on user searches and filter the results based on your desired price range. Find flights that match your budget for a cost-effective journey. Over the last 7 days, Cheapflights users made 629,999 searches. Data last updated 21 January 2025.

Fly from

Any airport

Fly to

Any airport

Route

Depart

Return

Price

Panama CityMadrid

PTY - MAD

PTYMAD

Panama City Tocumen Intl

Tue 15/4

8:25 p.m.-1:15 p.m.

Nonstop9h 50m

Madrid Barajas

Tue 29/4

3:05 p.m.-6:40 p.m.

Nonstop10h 35m

C$ 975

Panama CityMadrid

PTY - MAD

PTYMAD

Panama City Tocumen Intl

Sat 1/2

8:50 p.m.-5:00 p.m.

1 stop14h 10m

Madrid Barajas

Sat 15/3

5:00 p.m.-4:25 p.m.

1 stop29h 25m

C$ 1,016

Panama CityMadrid

PTY - MAD

PTYMAD

Panama City Tocumen Intl

Wed 5/2

6:45 p.m.-11:25 p.m.

1 stop22h 40m

Madrid Barajas

Mon 5/5

6:00 a.m.-4:50 p.m.

1 stop17h 50m

C$ 1,019

Panama CityMadrid

PTY - MAD

PTYMAD

Panama City Tocumen Intl

Mon 28/4

10:55 p.m.-7:50 a.m.

2 stops25h 55m

Madrid Barajas

Tue 6/5

10:50 a.m.-7:31 p.m.

1 stop15h 41m

C$ 1,037

Panama CityMadrid

PTY - MAD

PTYMAD

Panama City Tocumen Intl

Sun 2/2

8:50 p.m.-9:10 a.m.

1 stop30h 20m

Madrid Barajas

Sun 2/3

10:00 a.m.-6:50 p.m.

1 stop14h 50m

C$ 1,098

Panama CityMadrid

PTY - MAD

PTYMAD

Panama City Tocumen Intl

Mon 3/2

3:19 a.m.-10:35 p.m.

1 stop13h 16m

Madrid Barajas

Tue 11/2

4:20 p.m.-12:20 a.m.

1 stop14h 00m

C$ 1,129

Panama CityMadrid

PTY - MAD

PTYMAD

Panama City Tocumen Intl

Sun 2/2

7:50 p.m.-10:25 a.m.

1 stop32h 35m

Madrid Barajas

Tue 11/2

6:10 a.m.-6:20 p.m.

2 stops42h 10m

C$ 1,182

Panama CityMadrid

PTY - MAD

PTYMAD

Panama City Tocumen Intl

Sat 1/3

1:30 p.m.-10:35 p.m.

2 stops27h 05m

C$ 760

Panama CityMadrid

PTY - MAD

PTYMAD

Panama City Tocumen Intl

Fri 14/2

9:45 p.m.-10:25 a.m.

1 stop30h 40m

C$ 793

Panama CityMadrid

PTY - MAD

PTYMAD

Panama City Tocumen Intl

Thu 13/3

9:23 a.m.-1:35 p.m.

2 stops22h 12m

C$ 893

Flights are sorted by cheapest round-trip flights first.

Deals found on 20/1

Showing 1-10 of 12 results
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Best time to book a flight from Panama City to Madrid

Have a flexible travel schedule? Discover the best time to fly to Madrid from Panama City with our price prediction graph.
Estimated round-trip price
Rates are based on past data. Find the cheapest month and day to book your flight based on your travel requirements, then search for cheap deals.

Travel insights for flights from Panama City to Madrid

Get recent, data-driven insights about flights from Panama City to Madrid including ideal travel times, pricing trends, and more.

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

Use this chart to determine the optimal time to book a round-trip flight from Panama City to Madrid. Price data was last updated on 17 January 2025.

The best time to book flights from Panama City to Madrid is 39 days before your desired departure date. The cost of your flight will likely increase significantly if you book two weeks in advance of your flight.

What is the cheapest month to book a flight from Panama City to Madrid?

Currently, November is the cheapest month in which you can book a flight from Panama City to Madrid (average of C$ 658). Flying from Panama City to Madrid in December is currently the most expensive (average of C$ 951). There are several factors that can impact the price of a flight, so comparing airlines, departure airports and flight times can provide users with more options.

What is the cheapest time of day to fly from PTY to MAD?

Find hourly flight availability from Panama City to Madrid. Discover flight options and departure times throughout the day, allowing you to choose a departure time that suits your schedule. Data last updated 21 January 2025.

Unlike in the morning, when flights are generally more expensive, you can save up to 1% on flights from Panama City to Madrid by exploring options for tickets at noon.

Rainfall in Madrid by month

Plan your trip to Madrid by taking into account the average rainfall totals by month.

In terms of precipitation, rainfall in Madrid ranges from 10.0 - 60.0 mm per month. November is typically the wettest month, when rainfall can reach 60.0 mm. July is typically the driest time to visit Madrid when rainfall is around 10.0 mm.

Temperature in Madrid by month

Plan your trip to Madrid by taking into account the average temperature totals by month.

If weather is an important factor for your trip to Madrid, use this chart to help with planning. For those seeking warmer temperatures, July is the ideal time of year to visit, when temperatures reach an average of 25.0 C. Travellers hoping to avoid the cold should look outside of January, when temperatures are typically at their lowest (around 5.0 C).

Reviews of airlines servicing Madrid

Get insights into the airlines that provide service to Madrid. Read reviews, discover amenities, and learn about the overall travel experience offered by airlines. Use this information to make informed decisions when choosing an airline for your flight to Madrid. Reviews last updated 21 January 2025.
To help decide which airline to fly from Panama City to Madrid, see what other customers have to say about Air Europa, Air France and KLM. Users have also rated airlines in terms of entertainment options, comfort, food, crew/service, and boarding process.
KLM
7.8
Good
1,341 reviews
Check prices

Crew

8.4

Comfort

7.7

Entertainment

7.2

Food

7.3

Boarding

7.8

Overall

7.8

Reviews

1 / 10

I could not select a seat prior to check in as systems not integrated. Different PNRs should be on reservation which would make process easier.

KLM
7.8
Good
1,341 reviews
KLM
7.8
Good
1,341 reviews
Check prices

Crew

8.4

Comfort

7.7

Entertainment

7.2

Food

7.3

Boarding

7.8

Overall

7.8

Reviews

1 / 10

I could not select a seat prior to check in as systems not integrated. Different PNRs should be on reservation which would make process easier.

Air France
7.4
Good
1,490 reviews
KLM
7.8
Good
1,341 reviews
Check prices

Crew

8.4

Comfort

7.7

Entertainment

7.2

Food

7.3

Boarding

7.8

Overall

7.8

Reviews

1 / 10

I could not select a seat prior to check in as systems not integrated. Different PNRs should be on reservation which would make process easier.

United Airlines
7.4
Good
8,982 reviews
KLM
7.8
Good
1,341 reviews
Check prices

Crew

8.4

Comfort

7.7

Entertainment

7.2

Food

7.3

Boarding

7.8

Overall

7.8

Reviews

1 / 10

I could not select a seat prior to check in as systems not integrated. Different PNRs should be on reservation which would make process easier.

Turkish Airlines
7.3
Good
3,931 reviews
KLM
7.8
Good
1,341 reviews
Check prices

Crew

8.4

Comfort

7.7

Entertainment

7.2

Food

7.3

Boarding

7.8

Overall

7.8

Reviews

1 / 10

I could not select a seat prior to check in as systems not integrated. Different PNRs should be on reservation which would make process easier.

Iberia
7.0
Good
2,646 reviews
KLM
7.8
Good
1,341 reviews
Check prices

Crew

8.4

Comfort

7.7

Entertainment

7.2

Food

7.3

Boarding

7.8

Overall

7.8

Reviews

1 / 10

I could not select a seat prior to check in as systems not integrated. Different PNRs should be on reservation which would make process easier.

Related info for your journey

Find useful and relevant information for your journey from Panama City to Madrid. Access travel guides, tips, and recommendations to enhance your travel experience. Get information about local attractions, weather, transportation options, and more.

  • What airports do I use to fly from Panama City to Madrid?

    To fly from Panama City to Madrid, you need to book a flight from Tocumen Intl (PTY) to Barajas (MAD). Nonstop flights to Madrid Barajas from Panama City Tocumen Intl take 9h 35m on average. When it comes time to book airfare, you have a few options: there are 3 outbound flights from Tocumen Intl to Barajas offered by 2 different airlines.

  • How popular is this Panama City to Madrid flight route?

    This flight path from Panama City Tocumen Intl to Madrid Barajas was viewed by 10 users in the past month. Keep an eye out for changes in search interest prior to high and low season.

  • What are the cheapest airlines flying from Panama City to Madrid round-trip?

    Cheapflights users have booked flights from Panama City to Madrid round-trip from C$ 975. Other airlines that can offer you cheap pricing are KLM, from C$ 1,019, and United Airlines, from C$ 1,037. Air Europa is currently priced 11% below the average price you’ll pay for this route.

  • What are the cheapest airlines to fly from Panama City to Madrid one-way?

    For one-way options, check prices for Avianca. According to our data, you can fly for as low as C$ 760. Users have also found prices from C$ 793 and C$ 1,286 on Turkish Airlines and Iberia, respectively.

  • What are the most reliable airlines from Panama City to Madrid?

    Looking for the most reliable airlines to get you to your destination on time? Our data shows these are most likely to get you from Panama City to Madrid on time: Air Europa (81%), Etihad Airways (77%), Copa Airlines (63%).

  • What are the cheapest flights from Panama City to Madrid?

    On average you can expect to pay C$ 2,942 for a flight from Panama City to Madrid. The cheapest flight overall is C$ 812 while the most popular route, (Panama City Tocumen Intl - Madrid Barajas) is currently priced at C$ 1,971.

  • Can I find deals for flights from Panama City to Madrid that include hotel bookings?

    Yes. In addition to deals on Panama City to Madrid flights, Cheapflights offers vacation packages that include both flights and hotel.

  • How can I find direct flights from Panama City to Madrid?

    After entering your origin and destination, apply the non-stop filter on the search result page to find direct flights from Panama City to Madrid.

  • Can I find deals for business class flights from Panama City to Madrid?

    Yes. Cheapflights offers flight deals from Panama City to Madrid by cabin class. In addition to browsing deals, you can also filter by cabin class on the search results page after making a search.

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

    Currently, November is the cheapest month in which you can book a flight from Panama City to Madrid (average of C$ 658). Flying from Panama City to Madrid in December is currently the most expensive (average of C$ 951). There are several factors that can impact the price of a flight, so comparing airlines, departure airports and flight times can provide users with more options.

See more FAQs

Browse thousands of different options on Cheapflights for your next trip

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Top 2 airlines flying from Panama City to Madrid

Discover the top 2 airlines that operate flights from Panama City to Madrid. Compare their services, reliability, and customer satisfaction ratings to choose the airline that best suits your travel preferences and needs. Over the last 7 days, Cheapflights users made 629,999 searches. Data last updated 21 January 2025.
AirlineCheapestAverageFlexibilityOn-time
IberiaCheapestC$ 1,017AverageC$ 1,132FlexibilityNo cancel feeOn-time77%
Search Iberia flights
Air EuropaCheapestC$ 1,039AverageC$ 1,182FlexibilityNo cancel feeOn-time83%
Search Air Europa flights

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Need flexible booking options for your flight to Madrid from Panama City? Don’t worry, Cheapflights have you covered. Use our search filter to only show flights with no change fees.

Can Cheapflights notify me if prices for flights from Panama City to Madrid become cheaper?

Yes, Cheapflights offers price alerts on Panama City to Madrid flights so you can book your travel at the perfect time. Price Alerts can be enabled by clicking the bell icon next to the flight deals above and providing your email address where you want to receive the alerts.

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