RM1,526 Cheap Flights from Madrid (MAD) to Panama City (PTY)

View RM1,526 flight on Sat, 9 May 2026Opens in a new window

Popular airlines from Madrid to Panama City (PTY-Tocumen Intl.)

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

Prices were available within the past 7 days and start at RM1,526 for one-way flights and RM3,095 for round trip, for the period specified. Prices and availability are subject to change. Additional terms apply.

avianca
Sat, 9 May - Sat, 23 May
MAD
Madrid
PTY
Panama City
RM3,095 Return, found 3 days ago
RM3,095
Return
found 3 days ago
Select avianca flight, departing Sat, 9 May from Madrid to Panama City, returning Sat, 23 May, priced at RM3,095 found 3 days ago
avianca
Sat, 9 May - Sat, 23 May
MAD
Madrid
PTY
Panama City
RM4,677 Return, found 3 days ago
RM4,677
Return
found 3 days ago
Select avianca flight, departing Sat, 9 May from Madrid to Panama City, returning Sat, 23 May, priced at RM4,677 found 3 days ago
United
Sat, 9 May - Sat, 23 May
MAD
Madrid
PTY
Panama City
RM4,720 Return, found 3 days ago
RM4,720
Return
found 3 days ago
Select United flight, departing Sat, 9 May from Madrid to Panama City, returning Sat, 23 May, priced at RM4,720 found 3 days ago
avianca
Sat, 9 May - Sat, 23 May
MAD
Madrid
PTY
Panama City
RM4,856 Return, found 3 days ago
RM4,856
Return
found 3 days ago
Select avianca flight, departing Sat, 9 May from Madrid to Panama City, returning Sat, 23 May, priced at RM4,856 found 3 days ago
Air France
Sat, 9 May - Sat, 23 May
MAD
Madrid
PTY
Panama City
RM4,903 Return, found 3 days ago
RM4,903
Return
found 3 days ago
Select Air France flight, departing Sat, 9 May from Madrid to Panama City, returning Sat, 23 May, priced at RM4,903 found 3 days ago
Air France
Sat, 9 May - Sat, 23 May
MAD
Madrid
PTY
Panama City
RM4,904 Return, found 3 days ago
RM4,904
Return
found 3 days ago
Select Air France flight, departing Sat, 9 May from Madrid to Panama City, returning Sat, 23 May, priced at RM4,904 found 3 days ago
Air France
Sat, 9 May - Sat, 23 May
MAD
Madrid
PTY
Panama City
RM4,911 Return, found 3 days ago
RM4,911
Return
found 3 days ago
Select Air France flight, departing Sat, 9 May from Madrid to Panama City, returning Sat, 23 May, priced at RM4,911 found 3 days ago
Air France
Sat, 9 May - Sat, 23 May
MAD
Madrid
PTY
Panama City
RM4,955 Return, found 3 days ago
RM4,955
Return
found 3 days ago
Select Air France flight, departing Sat, 9 May from Madrid to Panama City, returning Sat, 23 May, priced at RM4,955 found 3 days ago
Iberia
Sat, 9 May - Sat, 23 May
MAD
Madrid
PTY
Panama City
RM5,255 Return, found 3 days ago
RM5,255
Return
found 3 days ago
Select Iberia flight, departing Sat, 9 May from Madrid to Panama City, returning Sat, 23 May, priced at RM5,255 found 3 days ago
American Airlines
Sat, 9 May - Sat, 23 May
MAD
Madrid
PTY
Panama City
RM5,269 Return, found 3 days ago
RM5,269
Return
found 3 days ago
Select American Airlines flight, departing Sat, 9 May from Madrid to Panama City, returning Sat, 23 May, priced at RM5,269 found 3 days ago

Find the cheapest month to fly from Madrid (MAD) to Panama City (PTY)

May is typically the cheapest month to fly

From RM 2,215 - RM 3,541 per traveller.
Madrid to Panama City route information
Origin airport
Adolfo Suárez Madrid-Barajas
Destination airport
Tocumen Intl.
Return price
RM3,095
Distance
8109 km
Average flight time
4 hours 50 mins

Perfect flights from Madrid to Panama City

Your Journey from Madrid to Panama City

Start your unforgettable journey with Expedia. Our broad selection of flights from Madrid to Panama City caters to every travel need. Whether you're yearning for a romantic escape, a solo adventure, or a cultural immersion, we've got you covered.
 

Choosing Your Ideal Flight

With Expedia, you have access to a wide range of airlines, including avianca, Iberia, Plus Ultra Lineas Aereas S. A., Delta, United, Air France, American Airlines, Lufthansa, Emirates, Aeromexico. Our selection of flights from Adolfo Suárez Madrid-Barajas to Tocumen Intl. caters to every traveler's requirements, ensuring your journey aligns with your schedule. With options from 20 airlines, you're bound to find the perfect flight.
 

Maximizing Value with Madrid to Panama City Flights

Experience the joy of finding cheap flights from Adolfo Suárez Madrid-Barajas to Tocumen Intl. that fit your budget. Keep an eye out for our special deals and discounts, and check our flexible one-way fares from RM1,526 and roundtrip prices from RM3,095*.
 

Pre-Flight Essentials

Ensure a smooth journey from Madrid to Panama City with Expedia. From information about check-in times and in-flight amenities to guidance on baggage policies, we provide all the essentials to prepare you for your flight.
 

Experience the Vibrant Panama City

Picture yourself stepping off the plane in Panama City and immersing yourself in the unique atmosphere of . From local markets to cultural festivals, each city offers its distinct charm. Make the most of your trip by exploring local attractions and indulging in the local cuisine. With Expedia, explore all this and more, tailored to your budget.
 

Added Convenience on Your Madrid to Panama City Flight

Traveling with Expedia is more than just a flight. We offer details about in-flight amenities, baggage policies, and more to ensure a smooth and hassle-free journey. Choose from our variety of airlines and embark on a memorable journey from Madrid to Panama City.
 

Beyond the Flight – Exploring Panama City

With Expedia, your adventure extends beyond the flight. Explore Panama City at your own pace by renting a car or booking a hotel. Discover hidden gems off the beaten path and create unforgettable memories.
 

Book Your Flight from Madrid to Panama City with Confidence

Planning your next great adventure is a breeze with Expedia. Our user-friendly platform, unbeatable prices, and round-the-clock customer support make your travel experience seamless and stress-free. Embark on your journey from Madrid to Panama City with confidence. Book your travel arrangements with Expedia today.
 
*Note: Prices may vary based on availability and are subject to change.

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 RM3,095. 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.
*Available to Expedia members.