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

View AU$447 flight on Tue, 28 Apr 2026Opens in a new window

Popular airlines from Adolfo Suarez Madrid-Barajas Airport (MAD) to Tocumen Intl. Airport (PTY)

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

Prices were available within the past 7 days for one-way flights and round trip tickets for the period specified. Prices and availability are subject to change. Additional terms apply.

Air Europa
Mon, 18 May - Sun, 31 May
MAD
Madrid
PTY
Panama City
AU$1,133 Return, found 22 hours ago
AU$1,133
Return
found 22 hours ago
Select Air Europa flight, departing Mon, 18 May from Madrid to Panama City, returning Sun, 31 May, priced at AU$1,133 found 22 hours ago
Air Europa
Thu, 22 Oct - Tue, 27 Oct
MAD
Madrid
PTY
Panama City
AU$1,149 Return, found 3 days ago
AU$1,149
Return
found 3 days ago
Select Air Europa flight, departing Thu, 22 Oct from Madrid to Panama City, returning Tue, 27 Oct, priced at AU$1,149 found 3 days ago
Air Europa
Fri, 15 May - Mon, 13 July
MAD
Madrid
PTY
Panama City
AU$1,154 Return, found 3 days ago
AU$1,154
Return
found 3 days ago
Select Air Europa flight, departing Fri, 15 May from Madrid to Panama City, returning Mon, 13 July, priced at AU$1,154 found 3 days ago
avianca
Thu, 22 Oct - Tue, 27 Oct
MAD
Madrid
PTY
Panama City
AU$1,185 Return, found 3 days ago
AU$1,185
Return
found 3 days ago
Select avianca flight, departing Thu, 22 Oct from Madrid to Panama City, returning Tue, 27 Oct, priced at AU$1,185 found 3 days ago
avianca
Thu, 22 Oct - Tue, 27 Oct
MAD
Madrid
PTY
Panama City
AU$1,207 Return, found 3 days ago
AU$1,207
Return
found 3 days ago
Select avianca flight, departing Thu, 22 Oct from Madrid to Panama City, returning Tue, 27 Oct, priced at AU$1,207 found 3 days ago
avianca
Fri, 15 May - Mon, 13 July
MAD
Madrid
PTY
Panama City
AU$1,213 Return, found 3 days ago
AU$1,213
Return
found 3 days ago
Select avianca flight, departing Fri, 15 May from Madrid to Panama City, returning Mon, 13 July, priced at AU$1,213 found 3 days ago
avianca
Thu, 23 Apr - Fri, 15 May
MAD
Madrid
PTY
Panama City
AU$1,244 Return, found 4 days ago
AU$1,244
Return
found 4 days ago
Select avianca flight, departing Thu, 23 Apr from Madrid to Panama City, returning Fri, 15 May, priced at AU$1,244 found 4 days ago
KLM
Fri, 15 May - Mon, 13 July
MAD
Madrid
PTY
Panama City
AU$1,268 Return, found 3 days ago
AU$1,268
Return
found 3 days ago
Select KLM flight, departing Fri, 15 May from Madrid to Panama City, returning Mon, 13 July, priced at AU$1,268 found 3 days ago
Iberia
Mon, 18 May - Sun, 31 May
MAD
Madrid
PTY
Panama City
AU$1,495 Return, found 22 hours ago
AU$1,495
Return
found 22 hours ago
Select Iberia flight, departing Mon, 18 May from Madrid to Panama City, returning Sun, 31 May, priced at AU$1,495 found 22 hours ago
United
Sat, 16 May - Sun, 24 May
MAD
Madrid
PTY
Panama City
AU$1,534 Return, found 3 days ago
AU$1,534
Return
found 3 days ago
Select United flight, departing Sat, 16 May from Madrid to Panama City, returning Sun, 24 May, priced at AU$1,534 found 3 days ago

Frequently asked questions

How much is a flight from MAD to PTY?
The lowest price advertised for a round-trip flight from MAD to PTY is AU$1,133. But you better act fast. This figure is taken from fares offered within the last 7 days on Expedia for flights departing within the next year. Prices and availability are subject to change. Additional terms apply.
Do I need to pay a cancellation fee if I cancel my flight from Madrid–Barajas Airport to Panama Airport?
Most flights can be cancelled online, but whether or not you are charged a fee differs between airlines. If you do need to cancel your break, follow the easy instructions in the Customer Service Portal.
How do I find cheap flights from MAD to Tocumen Intl. Airport (PTY) that have flexible change policies?
Many airlines offer the option to reschedule your flight without a change fee. All you pay is the difference between the original flight and the new flight. When you're searching for MAD to PTY flights, you'll see a "no change fees" filter for you to select.
How far is the flight from MAD to Panama Airport?
The distance is around 8 200 kilometres, so fill your carry-on bag with all the things you need to make the long journey comfortable. Wondering what to take on board your Madrid to Tocumen flight? A sleep mask, earplugs and a neck pillow are among the essentials.
Which airlines fly direct from Madrid Airport to PTY?
Iberia (IB) is a top option. It offers 21 flights between Madrid Airport and Tocumen Intl. Airport (PTY) each month. Offering 17 flights each month along this route, Air Europa (UX) is another fantastic option.
Are Madrid Airport to PTY flight tickets cheaper when they're purchased at the last minute?
Last-minute planners can sometimes find a bargain, with some of the cheapest fares from Adolfo Suarez Madrid-Barajas Airport (MAD) to Panama Airport showing up a few weeks prior to the departure date. If you'd rather plan ahead, Expedia compares and updates all the best flight deals regularly — as early as a year in advance in some cases. It does depend on the carrier though, as not all airlines issue prices so far in advance.

Travel information

Origin airport
Adolfo Suárez Madrid-Barajas
Destination airport
Tocumen Intl.
Airlines serving
Air Europa, KLM, Turkish Airlines, United, avianca
Return price
AU$1,133
Distance
8109 km
Average flight time
3 hours 50 mins

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