Cheap flights from Panama City to Madrid

Tocumen
PTY
Adolfo Suárez Madrid-Barajas
MAD

Flight deals from Panama City to Madrid

Below you can see the best deals on flights Panama City — Madrid for upcoming dates. Direct and connecting flights from various airlines — compare prices and choose the right ticket.

The lowest price for the next 2 months is on 7 October, from $539.

Top 10 cheap flights from Panama City to Madrid

UX
$ 673

Panama City — Madrid

20:25—13:15
13 Sep 2026
9 h 50 m
Direct flight
UX
$ 673

Panama City — Madrid

20:25—13:15
14 Sep 2026
9 h 50 m
Direct flight
TK
TK
$ 736

Panama City — Madrid

22:20—10:25
14 Sep 2026
29 h 5 m
1 stop
AV
AV
AV
WS
$ 740

Panama City — Madrid

05:30—09:35
26 Aug 2026
21 h 5 m
3 stops
AV
AV
AV
WS
$ 759

Panama City — Madrid

15:50—09:35
25 Aug 2026
34 h 45 m
3 stops
UX
$ 763

Panama City — Madrid

20:25—13:15
13 Sep 2026
9 h 50 m
Direct flight
UX
$ 763

Panama City — Madrid

20:25—13:15
14 Sep 2026
9 h 50 m
Direct flight
CM
TX
TO
$ 768

Panama City — Madrid

15:39—08:45
12 Sep 2026
34 h 6 m
2 stops
CM
TX
TO
$ 768

Panama City — Madrid

10:25—08:45
12 Sep 2026
39 h 20 m
2 stops
CM
TX
TO
$ 783

Panama City — Madrid

12:03—08:45
12 Sep 2026
37 h 42 m
2 stops

Prices were found in the last 72 hours and may change — check the exact price when you continue.

When is the best time to book a flight from Panama City to Madrid?

The price of a flight from Panama City to Madrid changes depending on how far ahead you book. For the best chance of a lower fare, book around 17 days before departure, when the average ticket costs about $513. Fares also tend to climb as the departure date gets closer.

About the Panama City — Madrid flight

Looking for cheap flights from Panama City to Madrid? Compare fares from different airlines, check the flight schedule and travel time — and book your Panama City — Madrid ticket online at the best price.

The route has direct flights — around 30 flights per week, flights are operated by Air Europa, Iberia, British Airways, Copa Airlines and 2 more airlines, a nonstop flight takes about 10 h 43 min, the distance between the cities is around 8,169 km.

Planning your trip? You may find our Madrid travel guide, how to get from the airport into town and Madrid weather forecast useful. To catch a low fare, use the low-price calendar and the monthly price chart on this page.

Facts about this route

from $465Min. price
NovemberCheapest
AugustPeak season
YesDirect flights
8,169 kmDistance
10 h 43 minTravel time
6Airlines
30 / wkFlights

Flight schedule from Panama City to Madrid

The table shows direct flights from Panama City to Madrid on the selected date. The flight takes approximately 10 h 43 min. Regular flights are operated by Air Europa, Iberia, British Airways and Copa Airlines. Departures from Tocumen International Airport and Marcos A. Gelabert International Airport airports, arrivals at Adolfo Suárez Madrid-Barajas Airport.

For each flight, the following details are shown: departure time (local), arrival city and airport, flight number and airline, terminal or gate, and status. Click on a flight to open its details and go to ticket search. To view flights on a different day, change the date above the table.

Today
Any time
Last update: 14 Aug 2026

Flight ticket prices by day: Panama City — Madrid

Below is a calendar of the lowest flight ticket prices for Panama City — Madrid by day. Pick a convenient date and instantly see the fare. The cheapest flights on this route start from $465 in November, and the most expensive are around $741 in August. If your travel dates are flexible, the calendar will help you find the best price for your preferred period. To view round-trip fares, switch to the "Round trip" tab above the calendar, select your departure date — and the right-hand calendar will highlight the lowest prices for return flights on each day.

 
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Prices by month

Average one-way fares from Panama City to Madrid by month. Tickets are usually cheapest in February (around $804) and priciest in July (about $1,206) — use the table and chart below to pick the best time to fly.

MonthAverage priceLevelMonthAverage priceLevelMonthAverage priceLevel
Jan$1,033mediumMay$941mediumSep$976medium
Feb$804lowJun$1,091highOct$896low
Mar$919mediumJul$1,206highNov$827low
Apr$976mediumAug$1,148highDec$1,148high

Some values are estimated based on seasonality.

When to fly

Weather in Madrid: it is warmest in July (up to 34 °C on average) and coolest in January (around 11 °C). The driest month is July.

Tickets are usually cheapest in November and most expensive in August. Compare prices and weather by month in the charts below to pick the best time to fly.

Temperature · Madrid

Dry and wet days · Madrid

Wind speed and direction · Madrid

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How to get the best deal on a Panama City — Madrid ticket

  • Book ahead: fares for Panama City — Madrid are usually lower 3–8 weeks before departure than at the last minute.
  • Play with your dates — Tuesday, Wednesday and Saturday departures are often cheaper than Friday and Sunday.
  • Panama City is served by more than one airport — compare fares and travel time to each before you book.
  • The cheapest month to fly to Madrid is usually November — plan your trip around it if your dates are flexible.
  • Compare direct and connecting flights: nonstop is faster, while a connection is sometimes noticeably cheaper.
  • Watch the low-price calendar and the monthly price trend on this page — they make it easier to catch a good date.
  • Travelling light? Pick a cabin-baggage-only fare — tickets without checked luggage are noticeably cheaper.
  • Get to the airport in good time — about 2–3 hours before an international departure and roughly an hour before a domestic one.

Airlines

Flights on the Panama City — Madrid route are operated by 6 airlines; Air Europa runs the most flights (around 47% of all flights). Compare carriers, flight shares and schedules below.

  • Air EuropaUX
    5x/week
    WebsiteFleet: 5011.5M pax/year
    • Direct flight PTY → MAD5x/week
      Duration
      9h 50m
      Days
      MTWTFSS
    46.7%Open →
  • IberiaIB
    4x/week
    WebsiteFleet: 9224M pax/year
    • Direct flight PTY → MAD4x/week
      Duration
      9h 59m
      Days
      MTWTFSS
    40.0%Open →
  • British AirwaysBA
    1x/week
    WebsiteFleet: 29243M pax/year
    • Direct flight PTY → MAD1x/week
    3.3%Open →
  • Copa AirlinesCM
    1x/week
    WebsiteFleet: 10316.1M pax/year
    • Direct flight PTY → MAD1x/week
    3.3%Open →
  • El AlLY
    1x/week
    WebsiteFleet: 485.5M pax/year
    • Direct flight PTY → MAD1x/week
    3.3%Open →
  • Qatar AirwaysQR
    1x/week
    WebsiteFleet: 26640M pax/year
    • Direct flight PTY → MAD1x/week
    3.3%Open →

Cities and airports on the Panama City — Madrid route

Flights Panama City — Madrid depart from Tocumen International Airport and Marcos A. Gelabert International Airport and arrive at Adolfo Suárez Madrid-Barajas Airport. Below are pages for the cities, countries, and airports on the route: airlines, schedules, and travel guides.

Departure

Panama City

PTY
Panama
About the cityHow to get thereWeatherAll about the country Panama
Arrival

Madrid

MAD
Spain
About the cityHow to get thereWeatherAll about the country Spain
Departure airports
Arrival airports

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Frequently asked questions about the Panama City — Madrid flight

How long is the flight from Panama City to Madrid?

A nonstop Panama City — Madrid flight takes about 10 h 43 min — the distance between the cities is around 8,169 km.

How far is it from Panama City to Madrid?

The distance from Panama City to Madrid is about 8,169 km, which a nonstop flight covers in around 10 h 43 min.

Are there direct flights from Panama City to Madrid?

Yes, there are nonstop flights Panama City — Madrid — around 30 flights per week.

Which airlines fly from Panama City to Madrid?

Airlines operating Panama City — Madrid include Air Europa, Iberia, British Airways, Copa Airlines, El Al. See the full list with schedules in the "Airlines" section on this page.

Which airports do Panama City — Madrid flights use?

Flights from Panama City depart from Tocumen International Airport, Marcos A. Gelabert International Airport, and arrive at Adolfo Suárez Madrid-Barajas Airport. If a city has more than one airport, check which one your ticket uses before you travel.

How much is a ticket from Panama City to Madrid?

The price of a Panama City — Madrid ticket depends on your travel date, season and demand: it is usually cheapest to fly in November, and most expensive in August. Tickets typically cost between $465 and $741. Check the current lowest fare and low-price calendar on this page.

When is the best time to book flights Panama City — Madrid?

Flights Panama City — Madrid are usually cheaper when booked in advance — a few weeks before departure and away from peak dates; the most budget-friendly month to fly is November. Compare prices by month in the price trend chart on this page.

How can I find the cheapest flights from Panama City to Madrid?

To catch a low fare Panama City — Madrid, book a few weeks in advance, keep your dates flexible, and compare airlines and connecting options. The low-price calendar and monthly price chart on this page show the cheapest days and months at a glance: the most budget-friendly month to fly is usually November.

How early should I arrive at the airport?

For international flights, plan to be at the airport about 2–3 hours before departure, and around an hour before a domestic flight. Allow extra time during busy travel seasons and at large hubs, where check-in and security lines can be longer.

Where else you can fly from Panama City

See all
BogotaMedellínSan JoséMiamiPunta CanaMexico CityNew York CityLimaOrlandoCancunQuitoBuenos AiresSantiagoGuayaquilGuatemala CitySao PauloSanto DomingoSan SalvadorCordobaCaliCartagenaWashington, D.C.Los AngelesHavanaChicagoDavidHoustonCaracasRio de JaneiroMontevideoAsunciónManaguaSan JuanTorontoTegucigalpaWillemstadAtlantaOranjestadPereiraTampa

Where else you can fly from Madrid

See all
Santa Cruz de TenerifeLondonParisPalmaLisbonBarcelonaLas PalmasRomeIbizaMilanAmsterdamMunichPortoBilbaoFrankfurt am MainMalagaBrusselsVigoNew York CityGenevaA CoruñaZurichBogotaOviedoSevilleAlicanteVeniceArrecifeValenciaSao PauloIstanbulAthensMahonDusseldorfLimaBerlinCasablancaBuenos AiresTel AvivCopenhagen

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