MAD - PTY

$486 Find Cheap Flights from Madrid to Panama City

This is the cheapest one-way flight price found by a KAYAK user in the last 72 hours by searching for a flight from Madrid to Panama City departing on 6/5. Fares are subject to change and may not be available on all flights or dates of travel. Click the price to replicate the search for this deal.
1 adult

KAYAK searches hundreds of travel sites at once for deals on flights to Panama City

 
These are the airlines KAYAK users have selected most often from within our search results in flight searches from Madrid to Panama City, as well as popular online travel agencies
These are the airlines KAYAK users have selected most often from within our search results in flight searches from Madrid to Panama City, as well as popular online travel agencies
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Flights Deals

Cheap Flights from Madrid to Panama City

 
Here are some of the best deals found on KAYAK recently from the most popular airlines for round-trip flights from Madrid to Panama City that are departing in the next months. While these flights were available on KAYAK in the last 72 hours, prices and availability are subject to change and deals may expire.

Recent round-trip flight deals from Madrid to Panama City

KAYAK's recommended round-trip deals from the most popular airlines that fly from Madrid to Panama City.
Discover the best prices for you by selecting your travel dates on KAYAK.
Air France Logo
6:00 am - 5:45 pmMAD-PTY
18h 45m1 stop
Air France Logo
7:55 pm - 4:45 pmPTY-MAD
13h 50m1 stop
$657Air France
Find Deal
Sat, May 31 - Sat, Jun 21
 Logo
10:05 am - 5:45 pmMAD-PTY
14h 40m1 stop
 Logo
6:50 pm - 9:35 amPTY-MAD
31h 45m1 stop
Thu, Jun 12 - Mon, Jun 23
United Airlines Logo
10:50 am - 7:31 pmMAD-PTY
15h 41m1 stop
United Airlines Logo
3:30 pm - 9:00 amPTY-MAD
34h 30m2 stops
$666United Airlines
Find Deal
Mon, Jun 16 - Mon, Jun 23
United Airlines Logo
6:20 am - 7:31 pmMAD-PTY
20h 11m2 stops
United Airlines Logo
3:30 pm - 9:00 amPTY-MAD
34h 30m2 stops
$669United Airlines
Find Deal
Mon, Jun 16 - Mon, Jun 23
Avianca Logo
1:30 am - 10:10 amMAD-PTY
15h 40m1 stop
Avianca Logo
9:55 pm - 10:35 pmPTY-MAD
18h 40m1 stop
$692Avianca
Find Deal
Sun, Oct 19 - Thu, Oct 30
Avianca Logo
1:30 am - 10:10 amMAD-PTY
15h 40m1 stop
Avianca Logo
3:19 am - 10:35 pmPTY-MAD
13h 16m1 stop
$693Avianca
Find Deal
Sun, Oct 19 - Wed, Oct 29
Iberia Logo
12:00 pm - 4:05 pmMAD-PTY
11h 05mnonstop
Iberia Logo
5:20 pm - 10:25 amPTY-MAD
10h 05mnonstop
$727Iberia
Find Deal
Sat, May 31 - Sat, Jun 21
Iberia Logo
12:00 pm - 3:40 pmMAD-PTY
10h 40mnonstop
Iberia Logo
5:20 pm - 10:25 amPTY-MAD
10h 05mnonstop
$760Iberia
Find Deal
Mon, Aug 25 - Mon, Sep 15
Air Europa Logo
3:05 pm - 6:40 pmMAD-PTY
10h 35mnonstop
Air Europa Logo
8:25 pm - 1:15 pmPTY-MAD
9h 50mnonstop
$800Air Europa
Find Deal
Mon, Sep 8 - Thu, Sep 18
Air Europa Logo
3:05 pm - 6:40 pmMAD-PTY
10h 35mnonstop
Air Europa Logo
8:25 pm - 1:15 pmPTY-MAD
9h 50mnonstop
$801Air Europa
Find Deal
Mon, Sep 8 - Thu, Sep 18
Expert advice

Expert advice for your flight from Madrid to Panama City

 
Snippets provided in this section are AI-generated based on a summarization of KAYAK-commissioned articles. The articles are presented as-is, for general informational purposes only, and may not be up-to-date. The opinions contained in the articles are original to the author and reflect their authentic experience, which may vary significantly from the experience of others.
KAYAK teamed up with top travel experts to share the best tips for your journey.
Airlines
Air Europa

Air Europa offers speedy Wi-Fi and two meal services for premium and business fares.


Air Europa's Economy Flex allows changes without penalty and offers preferred seat selection.

Iberia

Iberia's business class offers all-aisle access and private suites on A350-900 aircraft.


Iberia provides two meals and a wide range of in-flight entertainment on long-haul flights.

Read more about Iberiaby Marisa Garcia
Airports
MAD

For smooth departures, use the metro to reach MAD. It's fast, clean, and frequent, taking about 30-40 minutes to the city center.

Read more about MADby Ramsey Qubein
PTY

For a stress-free arrival at PTY, use authorized taxi stands to avoid haggling over fares. Confirm the express highway route to the city.

Read more about PTYby Mark Chesnut
Our travel experts
Laura Ratliff

Laura Ratliff

Expert on Air Europa

Laura Ratliff

Laura Ratliff

Laura Ratliff is a New York-based writer and editor. She lives in downtown Brooklyn with her husband and their beloved dogs. Originally from Texas, she now considers New York City her home. She typically spends more than 200,000 miles on a plane each year and stays in plenty of hotels.

Read more
Marisa Garcia

Marisa Garcia

Expert on Iberia

Marisa Garcia

Marisa Garcia

Marisa knows planes inside and out, spending 16 years working on aircraft in hangars at airports around the world. She is an aviation industry expert, specialized in airline interiors and regulations. Ten years ago, she pivoted to journalism. She shares her insights in leading aviation, travel, and business publications and on her site FlightChic.

Read more
Ramsey Qubein

Ramsey Qubein

Expert on MAD

Ramsey Qubein

Ramsey Qubein

An avid traveler and aviation expert who has visited 173 countries, all 50 states and seven continents, Ramsey Qubein flies nearly 400,000 miles a year. As a North Carolina-based freelance journalist for publications including Conde Nast Traveler, Forbes, USA Today and Bloomberg among others, he explores the latest trends in aviation, hospitality, cruises and business.

Read more
Mark Chesnut

Mark Chesnut

Expert on PTY

Mark Chesnut

Mark Chesnut

Mark Chesnut is a travel writer and public speaker with more than 30 years of experience. The 2019 winner of the NLGJA Excellence in Travel Writing Award, Mark is the author of the book “Prepare for Departure” and has covered air travel for multiple top consumer and trade media outlets.

Read more
Useful Info

KAYAK's insights & trends for Madrid to Panama City flights

Get data-powered insights and trends into flights from Madrid to Panama City to help you find the cheapest flights, the best time to fly and much more.

What’s the cheapest day of the week to fly from Madrid to Panama City?

The average price of all round-trip flights from Madrid to Panama City clicked on KAYAK for each day over the last 12 months.

If you are looking for a flight deal from Madrid to Panama City, look for departures on Mondays and avoid leaving on a Tuesday, as it's usually the priciest day. When flying back from Panama City, Tuesday is the cheapest day to fly and Wednesday is the most expensive.

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

To calculate monthly average prices, KAYAK takes all prices for each month over the last year for round-trip flights from Madrid to Panama City, removes the top 0.1% to account for outliers, and then takes the median of all values for each month.

The cheapest month for flights from Madrid to Panama City is March, where tickets cost $666 (return) on average. On the other hand, the most expensive months are December and July, where the average cost of round-trip tickets is $1,073 and $995 respectively.

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

To calculate weekly average prices, KAYAK takes all prices for each week before departure over the last year for round-trip flights from Madrid to Panama City, removes the top 0.1% to account for outliers, and then takes the average of all the values for each week.

To get a below average price on the flight from Madrid to Panama City, you should book around 5 weeks before departure. For the absolute cheapest price, our data suggests you should book 25 weeks before departure.

Good to know

Low seasonSeptember
High seasonDecember
Cheapest flight$486
Best time to beat the crowds with an average 16% drop in price.
Most popular time to fly with an average 34% increase in price.
Flight from Madrid to Panama City

When to book flights from Madrid to Panama City

Are your dates flexible? Find out the best times to travel from Madrid to Panama City based on our flight data from the last year. Discover the cheapest month and even day to fly.
Estimated round-trip price
KAYAK looks at all historical flight data for each date to provide a predicted price for one-way trips or round-trips with a duration up to 40 days. While we try to provide actual minimum prices for each date, some prices are predictions and actual prices may differ.

FAQs for booking flights from Madrid to Panama City

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

    In the last 3 days, the lowest price for a flight from Madrid to Panama City was $486 for a one-way ticket and $657 for a round-trip.

  • Do I need a passport to fly between Madrid and Panama City?

    Yes, you'll most likely have to show a valid passport before boarding the plane in Madrid and on arrival in Panama City.

  • Which airports will I be using when flying from Madrid to Panama City?

    Madrid airport is called Madrid Barajas and the only airport in Panama City is Panama City Tocumen Intl.

  • Which airlines offer Wi-Fi service onboard planes from Madrid to Panama City?

    Iberia, and KLM offer inflight Wi-Fi service on the Madrid to Panama City flight route.

  • Which aircraft models fly most regularly from Madrid to Panama City?

    The Boeing 787-9 Dreamliner is the aircraft model that flies most regularly on the Madrid to Panama City flight route.

  • Which airline alliances offer flights from Madrid to Panama City?

    oneworld, Star Alliance, and SkyTeam are the airline alliances operating flights between Madrid and Panama City, with oneworld being the most commonly used for this route.

  • On which days can I fly direct from Madrid to Panama City?

    There are nonstop flights from Madrid to Panama City on a daily basis.

  • Which is the best airline for flights from Madrid to Panama City, Iberia or Air Europa?

    The two airlines most popular with KAYAK users for flights from Madrid to Panama City are Iberia and Air Europa. With an average price for the route of $799 and an overall rating of 7.0, Iberia is the most popular choice. Air Europa is also a great choice for the route, with an average price of $882 and an overall rating of 6.9.

  • How does KAYAK find such low prices on flights from Madrid to Panama City?

    KAYAK is a travel search engine. That means we look across the web to find the best prices we can find for our users. With over 2 billion flight queries processed yearly, we are able to display a variety of prices and options on flights from Madrid to Panama City.

  • How does KAYAK's flight Price Forecast tool help me choose the right time to buy my flight ticket from Madrid to Panama City?

    KAYAK’s flight Price Forecast tool uses historical data to determine whether the price for a flight to Panama City from Madrid is likely to change within 7 days, so travelers know whether to wait or book now.

  • What is the Hacker Fare option on flights from Madrid to Panama City?

    Hacker Fares allow you to combine one-way tickets in order to save you money over a traditional round-trip ticket. You could then fly to Panama City with an airline and back to Madrid with another airline. Booking your flights between Madrid and PTY can sometimes prove cheaper using this method.

  • What is KAYAK's "flexible dates" feature and why should I care when looking for a flight from Madrid to Panama City?

    Sometimes travel dates aren't set in stone. If your preferred travel dates have some wiggle room, flexible dates will show you all the options when flying to Panama City from Madrid up to 3 days before/after your preferred dates. You can then pick the flights that suit you best.

KAYAK’s top tips for finding a cheap flight from Madrid to Panama City

  • Looking for a cheap flight? 25% of our users found flights on this route for $557 or less one-way and $956 or less round-trip.

Prefer to fly direct from Madrid to Panama City?

Find which airlines fly direct from Madrid Barajas Airport to Panama City Tocumen Intl Airport, which days they fly and book direct flights.

Direct departures

Madrid Barajas to Panama City Tocumen Intl

Monday

Air Europa, British Airways, China Eastern, +5 more

Air Europa, British Airways, +6 more

Tuesday

Air Europa, China Eastern, Copa Airlines, +1 more

Air Europa, China Eastern, +2 more

Wednesday

Air Europa, China Eastern, Copa Airlines, +1 more

Air Europa, China Eastern, +2 more

Thursday

Air Europa, British Airways, China Eastern, +5 more

Air Europa, British Airways, +6 more

Friday

Air Europa, China Eastern, Copa Airlines, +2 more

Air Europa, China Eastern, +3 more

Saturday

Air Europa, British Airways, China Eastern, +5 more

Air Europa, British Airways, +6 more

Sunday

Air Europa, British Airways, China Eastern, +5 more

Air Europa, British Airways, +6 more

See more direct flights

Direct returns

Panama City Tocumen Intl to Madrid Barajas

Monday

Air Europa, British Airways, China Eastern, +5 more

Air Europa, British Airways, +6 more

Tuesday

Air Europa, China Eastern, Copa Airlines, +1 more

Air Europa, China Eastern, +2 more

Wednesday

Air Europa, China Eastern, Copa Airlines, +1 more

Air Europa, China Eastern, +2 more

Thursday

Air Europa, British Airways, China Eastern, +5 more

Air Europa, British Airways, +6 more

Friday

Air Europa, China Eastern, Copa Airlines, +2 more

Air Europa, China Eastern, +3 more

Saturday

Air Europa, British Airways, China Eastern, +5 more

Air Europa, British Airways, +6 more

Sunday

Air Europa, British Airways, China Eastern, +5 more

Air Europa, British Airways, +6 more

See more direct flights
See more direct flights

Top 3 airlines serving from Madrid to Panama City

 
See real verified KAYAK customer reviews for airlines flying from Madrid to Panama City. Airline scores are aggregated from all reviews left by passengers on KAYAK after flying with an airline. KAYAK doesn’t show reviews that are older than 5 years. Learn how KAYAK collects reviews.
Need help choosing which airline to fly with from Madrid to Panama City? KAYAK airline reviews give an overall score for each airline based on loads of factors, including comfort, boarding, in-flight entertainment and more, to make your decision easier. See airline scores according to verified KAYAK customer reviews.
7.0
IberiaOverall score based on 2703 reviews
7.6Crew
6.6Entertainment
7.1Boarding
6.7Comfort
6.3Food
Airline reviews

Awful. The flight wasn't actually operated by Iberia, but by American Airlines. I was unable to get my boarding pass and as a result missed my connecting flight.

2.0 MediocreAnonymous, Apr 2025MAD - LHR
Read more Iberia reviews

Awful. The flight wasn't actually operated by Iberia, but by American Airlines. I was unable to get my boarding pass and as a result missed my connecting flight.

Very good service from San Jose to Madrid . Ryanair service from Madrid to Brussels 😕

I wish they could put the pre-tsa check on the tickets or global entry.

Couldn’t keep my luggage and had no choice. Ground staff didn’t even bother to explain why.

We upgraded to Business class paying approx. $1,300. Despite the upgrade, we were still required to pay an additional €70 for a checked bag. Furthermore, we were informed that another €70 would have been charged for our carry-on bag, as it was 3kg over the limit. To avoid this, we had to move clothing from the carry-on into the checked bag, which was both inconvenient and frustrating. Given the significant amount paid for the Business Class upgrade, we found this treatment to be quite appalling and disappointing. We expected a higher level of service and consideration for our luggage, and this experience did not meet those expectations.

Great flight, short and good attention. Didn't took any food so can't say thing about it

Excellent with no delays and according to the time schedule.

Its a bus taking you on and off the plane so if you have big luggage … more muscles needed

Flight LIN MAD. Checkin was fine (but I must admit that being a Platinum member I skip the lines). Security was fine (they have the new machines where you need not take laptops or liquids out). Longe was OK (BA). Boarding was a mess, the boarding gate personnel were rude and some should simply not be in a customer facing position. Flight in itself was fine, usual Iberia European coach. We were on time and actually time to deliver luggage was better than normal for Barajas

Great food, excellent service. Did not manage to make wifi work but in a flight of less than an hour it was not a big deal

I flew business class, at breakfast I asked for a small bottle of olive oil instead of butter and the flight attendant responded with a negative gesture.

They didn't even give us water, everything was sold

They should at least offer water like other airlines, which seems like a humanitarian gesture to me

They gave me an upgrade but charged me for my bag. I felt abused because this had never happened to me before with an upgrade with another airline.

Well. It is a no frills airline. Annoying is that even for the long-haul everything has to be paid for separately. Once you add up the extras the flight is getting to expensive. Then one might as well fly with a legacy carrier which provides far better comfort. Changing flight at MAD airport is a nightmare. The worst airport in the world. Poor signposting, poor passport control, poor security check and long queues. I had 2h transfer time and spend in queues almost 1.5h

All flights with Air Europa you arrive late to the connections of other flights, I missed my train, I had to pay for my train again, the crew are antisocial, you are paying for a service, it is not free, thanks to the travelers they are there, it is the last time I fly with them,

Terrible experience - we won’t be flying with Air Europa again

The crew was not kind , just doing their job but very cold people

The insanely long lines at customs were chaotic and stressful. They also created a lot of stress among passengers. Including fights and threats. The hot food I purchased was cold, barely edible. The check in staff and crew were nice and the pilot good but the overall experience was very disappointing. Passengers were still insulting each other upon arrival.

No frills airlines. Tickets were reasonably priced for a short-term booking. But comfort is a big issue.

Terrible, We had to stay in Bogota for two days due to weather but the airline did not provide for the same day flight. Only two days later

There isn't much space in-between seats and even water needs to be paid for during the flight.

We did not know about the bag fees until check in. They are way too high. It’s insane. We also had a huge delay and everything costed extra which was very annoying.

Flew with our two children. Paid $380 to check two bags (one was overweight). They then left the bags behind on Sunday, December 21st, with all our family’s clothes and family Christmas presents. When we arrived at our destination they told us the bags had not arrived, and they thought (but didn’t know) they were still in Boston, but that there’d be a flight the next day and the bags would arrive the next day. The next day we found out there was no flight, now we’re hoping we get our bags before we fly back out. Meanwhile, trying to get any engagement or accurate information is a waste of time. The folks at the call center are just gatekeepers, who can’t connect with any departments that actually do things to solve a problem. Getting information is made deliberately difficult. My biggest regret is that I’ve had a number of awful experiences with Avianca traveling between the US and Colombia, and still let myself get suckered into buying these tickets because the schedule was great. Never again.

We were not aware carry-on bags cost extra until we arrived at the airport so, we were charged $240.00 for two small carry- on bags! There was a substantial fee for drinks and snacks. No wifi, or other entertainment was available. Waiting areas were crowded and uncomfortable.

So so, you feel like you have to pay for everything each time

COP 7,000 for a cup of mediocre coffee. I thought I was on Spirit Airlines for a minute. Otherwise the flight was fine. Nothing exceptional to report.

I paid over $200 for seat selection for these flights and I was still stuck on long international flights in seats that do not recline and do not have the head support cushion. At this point basically all airlines have those for all seats, and this really took me by surprise and made me not ever want to travel on Avianca. The Kayak agent who called me for the seat selection (Donovan) was courteous, but it seems the system for this doesn't work. I was offered seat selection, for the $200+, but without being able to see what I was selecting, with no guarantee where I'd be...and then I still ended up in terrible seats. On my way to, and especially after, a very intense business trip, the seat situation really soured my experience.

I enjoyed it! In that case, I should have been offered this choice. On my first trip to Miami, I was asked to pay $320 for my luggage just for getting it totally broken. I cannot accept this situation at all!!!!

My whole return flight itinerary, 3 flights, got canceled without any warning to me because I missed one of the earlier flights 3 weeks ago

Everything you need to know for your flight from Madrid to Panama City

Information on your arrival and departure airports

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