£240 Cheap Flights from Madrid (MAD) to Panama City (PTY)

View £240 flight on Wed, 20 May 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 and start at £240 for one-way flights and £515 for round trip, for the period specified. Prices and availability are subject to change. Additional terms apply.

Air Europa
Sat, 9 May - Sun, 24 May
MAD
Madrid
PTY
Panama City
£515 Return, found 2 days ago
£515
Return
found 2 days ago
Select Air Europa flight, departing Sat, 9 May from Madrid to Panama City, returning Sun, 24 May, priced at £515 found 2 days ago
Air Europa
Wed, 20 May - Wed, 27 May
MAD
Madrid
PTY
Panama City
£531 Return, found 1 day ago
£531
Return
found 1 day ago
Select Air Europa flight, departing Wed, 20 May from Madrid to Panama City, returning Wed, 27 May, priced at £531 found 1 day ago
Air Europa
Sun, 17 May - Mon, 25 May
MAD
Madrid
PTY
Panama City
£532 Return, found 4 days ago
£532
Return
found 4 days ago
Select Air Europa flight, departing Sun, 17 May from Madrid to Panama City, returning Mon, 25 May, priced at £532 found 4 days ago
avianca
Sun, 14 Jun - Sat, 27 Jun
MAD
Madrid
PTY
Panama City
£535 Return, found 6 days ago
£535
Return
found 6 days ago
Select avianca flight, departing Sun, 14 Jun from Madrid to Panama City, returning Sat, 27 Jun, priced at £535 found 6 days ago
Air Europa
Thu, 4 Jun - Wed, 17 Jun
MAD
Madrid
PTY
Panama City
£541 Return, found 1 day ago
£541
Return
found 1 day ago
Select Air Europa flight, departing Thu, 4 Jun from Madrid to Panama City, returning Wed, 17 Jun, priced at £541 found 1 day ago
Iberia
Fri, 8 May - Sun, 24 May
MAD
Madrid
PTY
Panama City
£542 Return, found 5 days ago
£542
Return
found 5 days ago
Select Iberia flight, departing Fri, 8 May from Madrid to Panama City, returning Sun, 24 May, priced at £542 found 5 days ago
Air Europa
Sun, 10 May - Sun, 17 May
MAD
Madrid
PTY
Panama City
£542 Return, found 4 days ago
£542
Return
found 4 days ago
Select Air Europa flight, departing Sun, 10 May from Madrid to Panama City, returning Sun, 17 May, priced at £542 found 4 days ago
Air Europa
Thu, 30 Apr - Sun, 24 May
MAD
Madrid
PTY
Panama City
£560 Return, found 3 days ago
£560
Return
found 3 days ago
Select Air Europa flight, departing Thu, 30 Apr from Madrid to Panama City, returning Sun, 24 May, priced at £560 found 3 days ago
KLM
Tue, 26 Jan - Wed, 3 Feb
MAD
Madrid
PTY
Panama City
£611 Return, found 2 days ago
£611
Return
found 2 days ago
Select KLM flight, departing Tue, 26 Jan from Madrid to Panama City, returning Wed, 3 Feb, priced at £611 found 2 days ago
Air France
Thu, 20 Aug - Tue, 1 Dec
MAD
Madrid
PTY
Panama City
£621 Return, found 6 days ago
£621
Return
found 6 days ago
Select Air France flight, departing Thu, 20 Aug from Madrid to Panama City, returning Tue, 1 Dec, priced at £621 found 6 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 £515. 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
Aeromexico, Air Europa, Air France, Iberia, KLM, Turkish Airlines, avianca
Return price
£514
Distance
8109 km
Average flight time
3 hours 50 mins

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