RM1,560 Cheap Flights from Madrid (MAD) to Panama City (PTY)

View RM1,560 flight on Fri, 21 Nov 2025Opens in a new window

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

  • Plan, book, fly with confidence

  • trending down icon
    Be in the know
    Get alerts if flight prices drop or rise*
  • bex rewards loyalty icon
    Book smarter
    Save up to 30% on select hotels after you book a flight*
  • payments icon
    Earn twice
    Earn your airline miles on top of our rewards
    Sign in

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

Prices were available within the past 7 days and start at RM1,560 for one-way flights and RM3,715 for round trip, for the period specified. Prices and availability are subject to change. Additional terms apply.

United
Sat, 5 Jul - Fri, 1 Aug
MAD
Madrid
PTY
Panama City
RM3,715 Return, found 2 days ago
RM3,715
Return
found 2 days ago
Select United flight, departing Sat, 5 Jul from Madrid to Panama City, returning Fri, 1 Aug, priced at RM3,715 found 2 days ago
United
Sat, 5 Jul - Fri, 1 Aug
MAD
Madrid
PTY
Panama City
RM3,715 Return, found 2 days ago
RM3,715
Return
found 2 days ago
Select United flight, departing Sat, 5 Jul from Madrid to Panama City, returning Fri, 1 Aug, priced at RM3,715 found 2 days ago
United
Fri, 4 Jul - Wed, 30 Jul
MAD
Madrid
PTY
Panama City
RM3,735 Return, found 3 hours ago
RM3,735
Return
found 3 hours ago
Select United flight, departing Fri, 4 Jul from Madrid to Panama City, returning Wed, 30 Jul, priced at RM3,735 found 3 hours ago
United
Fri, 4 Jul - Thu, 31 Jul
MAD
Madrid
PTY
Panama City
RM3,778 Return, found 3 hours ago
RM3,778
Return
found 3 hours ago
Select United flight, departing Fri, 4 Jul from Madrid to Panama City, returning Thu, 31 Jul, priced at RM3,778 found 3 hours ago
Lufthansa
Fri, 4 Jul - Wed, 30 Jul
MAD
Madrid
PTY
Panama City
RM3,822 Return, found 3 hours ago
RM3,822
Return
found 3 hours ago
Select Lufthansa flight, departing Fri, 4 Jul from Madrid to Panama City, returning Wed, 30 Jul, priced at RM3,822 found 3 hours ago
United
Fri, 4 Jul - Wed, 30 Jul
MAD
Madrid
PTY
Panama City
RM3,859 Return, found 3 hours ago
RM3,859
Return
found 3 hours ago
Select United flight, departing Fri, 4 Jul from Madrid to Panama City, returning Wed, 30 Jul, priced at RM3,859 found 3 hours ago
United
Fri, 4 Jul - Sat, 2 Aug
MAD
Madrid
PTY
Panama City
RM3,861 Return, found 1 day ago
RM3,861
Return
found 1 day ago
Select United flight, departing Fri, 4 Jul from Madrid to Panama City, returning Sat, 2 Aug, priced at RM3,861 found 1 day ago
American Airlines
Fri, 4 Jul - Wed, 30 Jul
MAD
Madrid
PTY
Panama City
RM5,044 Return, found 3 hours ago
RM5,044
Return
found 3 hours ago
Select American Airlines flight, departing Fri, 4 Jul from Madrid to Panama City, returning Wed, 30 Jul, priced at RM5,044 found 3 hours ago
Iberia
Sun, 6 Jul - Sat, 2 Aug
MAD
Madrid
PTY
Panama City
RM5,132 Return, found 3 hours ago
RM5,132
Return
found 3 hours ago
Select Iberia flight, departing Sun, 6 Jul from Madrid to Panama City, returning Sat, 2 Aug, priced at RM5,132 found 3 hours ago
KLM
Sat, 5 Jul - Thu, 31 Jul
MAD
Madrid
PTY
Panama City
RM5,440 Return, found 3 hours ago
RM5,440
Return
found 3 hours ago
Select KLM flight, departing Sat, 5 Jul from Madrid to Panama City, returning Thu, 31 Jul, priced at RM5,440 found 3 hours ago

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

May is typically the cheapest month to fly

From RM 2,274 - RM 3,800 per traveller.

Graph displaying average flight prices per month

Madrid to Panama City route information
Origin airport
Adolfo Suárez Madrid-Barajas
Destination airport
Tocumen Intl.
Airlines serving
Aeromexico, Air France, American Airlines, Delta, Emirates, Iberia, KLM, Turkish Airlines, United, avianca
Return price
RM3,715
Distance
8109 km
Average flight time
3 hours 37 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, KLM, Air France, Iberia, Air Europa, United, Lufthansa, American Airlines. 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 RM1,560 and roundtrip prices from RM3,715*.
 

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 Tocumen. 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 RM3,715. 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.

Explore a world of travel with Expedia

*Available to Expedia members.