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$443+ Cheap flights from Panama City (PTY) to Madrid, Spain (MAD)

This is the cheapest one-way flight price found by a Cheapflights user in the last 72 hours by searching for a flight departing on 3/18. Fares are subject to change and may not be available on all flights or dates of travel.
PTY — MAD
Feb 26 — Mar 51
Wed 2/26
Wed 3/5
1 adult, Economy
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The best prices from Panama City Tocumen Intl to Madrid Barajas are usually found in March or February, booked 65 days in advance, depart on a Tuesday or Thursday and return on a Friday

Cheap flight deals from Panama City to Madrid

Discover tips and strategies to find the most affordable flight options for your journey from Panama City (PTY) to Madrid (MAD). Learn about various techniques such as flexible date searches, comparing prices across and setting up price alerts. Use these methods to find the cheapest flights available for your travel needs. Data last updated February 21, 2025.

Most accurate provider

FlightHub
3 stars

Most trusted provider

FlightHub
3 stars

Round-trip from

$687
(Booking.com)

One-way from

$443
(Air Europa)

Popular in

July

Cheapest in

March

Average price

$694

Good round-trip deal

$711 or less

Good one-way deal

$611 or less
Provider with most accurate pricing for Panama City Tocumen Intl-Madrid Barajas flight deals.
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Provider most trusted by Cheapflights users for Panama City Tocumen Intl-Madrid Barajas flights.
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From Panama City Tocumen Intl to Madrid Barajas
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One-way flight from Panama City Tocumen Intl to Madrid Barajas
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Highest demand for flights based on searches. 9% potential increase in price ($78 potential increase over avg. RT price).
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Cheapest flight prices on average. 1% potential price decrease ($11 potential savings vs. average RT price).
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Average for round-trip flights in February 2025
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Price to beat on a round-trip flight from Panama City Tocumen Intl to Madrid Barajas.
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Price to beat on a one-way flight from Panama City Tocumen Intl to Madrid Barajas.
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Find flight deals from Panama City to Madrid

Cheapest flights from Panama City to Madrid
Explore the most affordable flight options available from Panama City to Madrid. Find the lowest fares from popular airlines and budget airlines, with prices last updated on February 21, 2025.

This Booking.com deal was found by Cheapflights users on 2/21. Clicking the “Pick Dates” button in this card will allow you to select your dates and further customize your flight criteria. From there, click “Find deals”, make sure Booking.com is selected, and click “Compare selected” under the list of providers to see comparable flight deals.
Fri 5/95:35 pmPTY - MAD
Nonstop9h 50mIberia
Fri 5/3012:00 pmMAD - PTY
Nonstop11h 05mIberia
Deal found 2/21$687
This KLM deal was found by Cheapflights users on 2/20. Clicking the “Pick Dates” button in this card will allow you to select your dates and further customize your flight criteria. From there, click “Find deals”, make sure KLM is selected, and click “Compare selected” under the list of providers to see comparable flight deals.
Thu 5/156:50 pmPTY - MAD
1 stop21h 35mKLM
Mon 5/266:00 amMAD - PTY
1 stop17h 50mKLM
Deal found 2/20$691
This KLM deal was found by Cheapflights users on 2/20. Clicking the “Pick Dates” button in this card will allow you to select your dates and further customize your flight criteria. From there, click “Find deals”, make sure KLM is selected, and click “Compare selected” under the list of providers to see comparable flight deals.
Mon 5/197:55 pmPTY - MAD
1 stop13h 50mMultiple Airlines
Sat 5/3110:20 amMAD - PTY
1 stop37h 30mMultiple Airlines
Deal found 2/20$692
This Gotogate deal was found by Cheapflights users on 2/19. Clicking the “Pick Dates” button in this card will allow you to select your dates and further customize your flight criteria. From there, click “Find deals”, make sure Gotogate is selected, and click “Compare selected” under the list of providers to see comparable flight deals.
Mon 3/249:30 pmPTY - MAD
Nonstop9h 35mAir Europa
Mon 5/123:05 pmMAD - PTY
Nonstop10h 35mAir Europa
Deal found 2/19$704
This Air France deal was found by Cheapflights users on 2/20. Clicking the “Pick Dates” button in this card will allow you to select your dates and further customize your flight criteria. From there, click “Find deals”, make sure Air France is selected, and click “Compare selected” under the list of providers to see comparable flight deals.
Sun 5/47:55 pmPTY - MAD
1 stop30h 15mAir France
Sat 5/176:00 amMAD - PTY
1 stop18h 45mAir France
Deal found 2/20$733

Find flights from Panama City to Madrid within your budget

Customize your flight search to find flights from Panama City to Madrid that fit within your specific budget. Explore options based on user searches and filter the results based on your desired price range. Find flights that match your budget for a cost-effective journey. Over the last 7 days, Cheapflights users made 2,558,603 searches. Data last updated February 21, 2025.

Fly from

Panama City

Fly to

Madrid

Route

Depart

Return

Price

Panama CityMadrid

PTY - MAD

PTYMAD

Panama City Tocumen Intl

Fri 5/9

5:35 pm-10:25 am

Nonstop9h 50m

Madrid Barajas

Fri 5/30

12:00 pm-4:05 pm

Nonstop11h 05m

$687

Panama CityMadrid

PTY - MAD

PTYMAD

Panama City Tocumen Intl

Thu 5/15

6:50 pm-11:25 pm

1 stop21h 35m

Madrid Barajas

Mon 5/26

6:00 am-4:50 pm

1 stop17h 50m

$691

Panama CityMadrid

PTY - MAD

PTYMAD

Panama City Tocumen Intl

Mon 5/19

7:55 pm-4:45 pm

1 stop13h 50m

Madrid Barajas

Tue 6/3

10:20 am-4:50 pm

1 stop37h 30m

$692

Panama CityMadrid

PTY - MAD

PTYMAD

Panama City Tocumen Intl

Mon 3/24

9:30 pm-1:05 pm

Nonstop9h 35m

Madrid Barajas

Mon 5/12

3:05 pm-6:40 pm

Nonstop10h 35m

$704

Panama CityMadrid

PTY - MAD

PTYMAD

Panama City Tocumen Intl

Sun 5/4

7:55 pm-9:10 am

1 stop30h 15m

Madrid Barajas

Sat 5/17

6:00 am-5:45 pm

1 stop18h 45m

$733

Panama CityMadrid

PTY - MAD

PTYMAD

Panama City Tocumen Intl

Tue 3/18

9:30 pm-1:05 pm

Nonstop9h 35m

$443

Panama CityMadrid

PTY - MAD

PTYMAD

Panama City Tocumen Intl

Sun 3/2

6:30 pm-11:20 am

3 stops34h 50m

$507

Panama CityMadrid

PTY - MAD

PTYMAD

Panama City Tocumen Intl

Sat 3/22

1:30 pm-1:25 pm

2 stops17h 55m

$557

Panama CityMadrid

PTY - MAD

PTYMAD

Panama City Tocumen Intl

Fri 3/21

6:20 pm-10:25 am

Nonstop10h 05m

$637

Panama CityMadrid

PTY - MAD

PTYMAD

Panama City Tocumen Intl

Tue 6/10

8:02 am-8:20 am

3 stops41h 18m

$2,931

Flights are sorted by cheapest round-trip flights first.

Deals found on 2/20

Compare providers for flights from Panama City to Madrid

Provider information is updated monthly. Please note that these providers often have deals for this flight, but the availability may vary on a day-by-day basis on Cheapflights.
Use the table below to compare price accuracy, trust ratings, and cancellation policies for each provider offering flight deals from Panama City to Madrid in February.
ProviderPrice AccuracyTrust Score*
FlightHubPrice Accuracy3 starsTrust Score*3 stars
GotogatePrice Accuracy3 starsTrust Score*3 stars
SmartFaresPrice Accuracy1 starTrust Score*3 stars
eDreamsPrice Accuracy3 starsTrust Score*3 stars
Justfly.comPrice Accuracy3 starsTrust Score*3 stars
MytripPrice Accuracy3 starsTrust Score*3 stars
FlightnetworkPrice Accuracy2 starsTrust Score*3 stars

*The Trust Score is based on feedback from users after their booking experience. It measures overall satisfaction, helping us identify issues like hidden fees, problems during the ticketing process, and the quality of customer service. This score is our best indicator of the provider's quality and reliability.

  • Most accurate provider: When it comes to deals on Panama City-Madrid flights, users find the pricing of FlightHub to be most consistent on Cheapflights vs. FlightHub Users can find the same prices on Panama City-Madrid flight deals on Cheapflights vs. FlightHub >95% of the time. Price accuracy is based on data collected from Panama City-Madrid flight searches over the past month and is updated monthly.
  • Most trusted provider: When it comes to deals on Panama City-Madrid flights, Cheapflights users trust FlightHub the most. FlightHub has received a user feedback score of 3 out of 3 stars (3 being the best), meaning they have been trusted the most by Cheapflights users looking for Panama City-Madrid flight deals. Provider user feedback score is based on Cheapflights searches over the past month and is updated monthly.

Best time to book a flight from Panama City to Madrid

Have a flexible travel schedule? Discover the best time to fly to Madrid from Panama City with our price prediction graph.
Estimated round-trip price
Rates are based on past data. Find the cheapest month and day to book your flight based on your travel requirements, then search for cheap deals.

Travel insights for flights from Panama City to Madrid

Get recent, data-driven insights about flights from Panama City to Madrid including ideal travel times, pricing trends, and more.

How far ahead should I book a flight from Panama City to Madrid?

Use this chart to determine the optimal time to book a round-trip flight from Panama City to Madrid. Price data was last updated on February 14, 2025.

The price you pay for your flight from Panama City to Madrid may vary depending on when you book. For the best chance of a lower fare, look to book 65 days in advance of your trip. Fares are likely to increase a fortnight or so before your departure date.

What is the cheapest month to book a flight from Panama City to Madrid?

Currently, November is the cheapest month in which you can book a flight from Panama City to Madrid (average of $543). Flying from Panama City to Madrid in June is currently the most expensive (average of $1,124). There are several factors that can impact the price of a flight, so comparing airlines, departure airports and flight times can provide users with more options.

What is the cheapest time of day to fly from PTY to MAD?

Find hourly flight availability from Panama City to Madrid. Discover flight options and departure times throughout the day, allowing you to choose a departure time that suits your schedule. Data last updated February 21, 2025.

When flying from Panama City to Madrid, the time of day you fly usually plays a role in the price. Save by searching for a flight in the morning, which can drop the price by up to 19% versus a flight at noon.

What is the cheapest day to fly from Panama City to Madrid?

Use this chart to determine the cheapest time to fly round-trip from Panama City to Madrid. Price data was last updated on December 16, 2024.

Travelers seeking maximum savings on their Panama City to Madrid flight should consider departing on Sunday mornings when fares are most often at their lowest. Thursday at noon flights should be avoided if possible as fares are typically the most expensive at this time.

Rainfall in Madrid by month

Plan your trip to Madrid by taking into account the average rainfall totals by month.

In terms of precipitation, rainfall in Madrid ranges from 0.4 - 2.4 inches per month. November is typically the wettest month, when rainfall can reach 2.4 in. July is typically the driest time to visit Madrid when rainfall is around 0.4 in.

Temperature in Madrid by month

Plan your trip to Madrid by taking into account the average temperature totals by month.

If weather is an important factor for your trip to Madrid, use this chart to help with planning. For those seeking warmer temperatures, July is the ideal time of year to visit, when temperatures reach an average of 77.0 F. Travelers looking to avoid the cold should look outside of January, when temperatures are typically at their lowest (around 41.0 F).

Reviews of airlines servicing Madrid

Get insights into the airlines that provide service to Madrid. Read reviews, discover amenities, and learn about the overall travel experience offered by airlines. Use this information to make informed decisions when choosing an airline for your flight to Madrid. Reviews last updated February 21, 2025.
See what other customers who have flown with KLM, Air France and United Airlines from Panama City to Madrid have to say. Users have also rated airlines in terms of entertainment options, comfort, food, crew/service, and boarding process.
KLM
7.8
Good
1,331 reviews

Entertainment

7.2

Boarding

7.8

Food

7.3

Comfort

7.7

Overall

7.8

Crew

8.4

Reviews

1 / 20

8.0
Excellent

Anonymous,Dec 2024

YWG - YYZ

I could not select a seat prior to check in as systems not integrated. Different PNRs should be on reservation which would make process easier.

KLM
7.8
Good
1,331 reviews
KLM
7.8
Good
1,331 reviews

Entertainment

7.2

Boarding

7.8

Food

7.3

Comfort

7.7

Overall

7.8

Crew

8.4

Reviews

1 / 20

8.0
Excellent

Anonymous,Dec 2024

YWG - YYZ

I could not select a seat prior to check in as systems not integrated. Different PNRs should be on reservation which would make process easier.

Air France
7.4
Good
1,449 reviews
KLM
7.8
Good
1,331 reviews

Entertainment

7.2

Boarding

7.8

Food

7.3

Comfort

7.7

Overall

7.8

Crew

8.4

Reviews

1 / 20

8.0
Excellent

Anonymous,Dec 2024

YWG - YYZ

I could not select a seat prior to check in as systems not integrated. Different PNRs should be on reservation which would make process easier.

United Airlines
7.4
Good
8,759 reviews
KLM
7.8
Good
1,331 reviews

Entertainment

7.2

Boarding

7.8

Food

7.3

Comfort

7.7

Overall

7.8

Crew

8.4

Reviews

1 / 20

8.0
Excellent

Anonymous,Dec 2024

YWG - YYZ

I could not select a seat prior to check in as systems not integrated. Different PNRs should be on reservation which would make process easier.

Iberia
7.0
Good
2,639 reviews
KLM
7.8
Good
1,331 reviews

Entertainment

7.2

Boarding

7.8

Food

7.3

Comfort

7.7

Overall

7.8

Crew

8.4

Reviews

1 / 20

8.0
Excellent

Anonymous,Dec 2024

YWG - YYZ

I could not select a seat prior to check in as systems not integrated. Different PNRs should be on reservation which would make process easier.

Air Europa
6.9
Okay
517 reviews
KLM
7.8
Good
1,331 reviews

Entertainment

7.2

Boarding

7.8

Food

7.3

Comfort

7.7

Overall

7.8

Crew

8.4

Reviews

1 / 20

8.0
Excellent

Anonymous,Dec 2024

YWG - YYZ

I could not select a seat prior to check in as systems not integrated. Different PNRs should be on reservation which would make process easier.

Related info for your journey

Find useful and relevant information for your journey from Panama City to Madrid. Access travel guides, tips, and recommendations to enhance your travel experience. Get information about local attractions, weather, transportation options, and more.

  • What airports do I use to fly from Panama City to Madrid?

    Madrid Barajas is the airport most travelers will use when flying to Madrid from Panama City Tocumen Intl. Booking flights from Tocumen Intl (PTY) to Barajas (MAD) should be relatively easy as there are 4 daily flights to Madrid from 7 different airlines. 9h 35m is how long a flight from Panama City to Madrid Barajas will take if you book a nonstop flight.

  • How popular is this Panama City to Madrid flight route?

    This flight path from Panama City Tocumen Intl to Madrid Barajas was viewed by 20 users in the past month. Keep an eye out for changes in search interest prior to high and low season.

  • What are the cheapest airlines flying from Panama City to Madrid round-trip?

    Iberia, at $687, was found to be the cheapest airline from Panama City to Madrid.Alternate airlines to your destination round-trip include KLM and Air Europa. Iberia is 10% cheaper than the average price of flights available within the next 90 days to this destination.

  • What are the cheapest airlines to fly from Panama City to Madrid one-way?

    One-way options have recently been found by users for as low as $443 on Air Europa. Other airlines that offer cheap prices include Avianca from $557 and Iberia from $637 one-way.

  • What are the most reliable airlines from Panama City to Madrid?

    Looking for the most reliable airlines to get you to your destination on time? Our data shows these are most likely to get you from Panama City to Madrid on time: China Eastern (100%), Air Europa (90%), Etihad Airways (90%).

  • What are the cheapest flights from Panama City to Madrid?

    Looking for the cheapest flight from Panama City to Madrid? While on average our users pay $1,332, our data indicates the cheapest price to be $566. The most popular route (Panama City Tocumen Intl - Madrid Barajas), is priced around $691.

  • Can I find deals for flights from Panama City to Madrid that include hotel bookings?

    Yes. In addition to deals on Panama City to Madrid flights, Cheapflights offers vacation packages that include both flights and hotel.

  • How can I find direct flights from Panama City to Madrid?

    After entering your origin and destination, apply the non-stop filter on the search result page to find direct flights from Panama City to Madrid.

  • Can I find deals for business class flights from Panama City to Madrid?

    Yes. Cheapflights offers flight deals from Panama City to Madrid by cabin class. In addition to browsing deals, you can also filter by cabin class on the search results page after making a search.

  • What is the cheapest month to book a flight from Panama City to Madrid?

    Currently, November is the cheapest month in which you can book a flight from Panama City to Madrid (average of $543). Flying from Panama City to Madrid in June is currently the most expensive (average of $1,124). There are several factors that can impact the price of a flight, so comparing airlines, departure airports and flight times can provide users with more options.

See more FAQs

Traveling to a place near Panama City?

Book flights to Panama City if you plan to visit one of these locations
Segovia
Fuenlabrada

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Top 7 airlines flying from Panama City to Madrid

Discover the top 7 airlines that operate flights from Panama City to Madrid. Compare their services, reliability, and customer satisfaction ratings to choose the airline that best suits your travel preferences and needs. Over the last 7 days, Cheapflights users made 2,558,603 searches. Data last updated February 21, 2025.
AirlineCheapestAverageFlexibilityOn-time
AviancaCheapest$543Average$634FlexibilityNo cancel feeOn-time71%
United AirlinesCheapest$601Average$736FlexibilityNo cancel feeOn-time69%
Air EuropaCheapest$647Average$778FlexibilityNo cancel feeOn-time83%
IberiaCheapest$656Average$828FlexibilityNo cancel feeOn-time77%
Air FranceCheapest$666Average$776FlexibilityNo cancel feeOn-time77%
KLMCheapest$670Average$803FlexibilityNo cancel feeOn-time75%
Turkish AirlinesCheapest$728Average$758FlexibilityNo cancel feeOn-time77%
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