PTY - MAD

$512 Find Cheap Flights from Panama City to Madrid - Compare and Save

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Everything you should know

Cheapest round-trip
$750
Typical prices: $738-$986
Avianca
Sun 4/1Sat 4/7
PTY - MAD • 1 stop
Cheapest non-stop
$787
Typical prices: $736-$991
Air Europa
Wed 4/11Sun 4/29
PTY - MAD • Non-stop
Nonstop flights
You can fly direct with Air Europa and Iberia. Average duration is 9h 45m
Direct flights
+1
Direct flights
+1
Avoid delays
Most punctual • 91% on-time
Best time • Fewest delays
Insights
Insights
When to book
in advance
Our data shows that travelers who book at least 18 weeks in advance save around 25% compared to booking last minute.
Insights
Insights
When to travel
Cheapest • 10% price drop
Most popular
Good to know
+1
Good to know
+1
Top layover airports
Cheapest • Avg $825 (round-trip)
Shortest trip • 15h 50m (one-way)
Insights
Insights
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We hope you love your trip to Madrid!
Flight Deals
Booking Insights
Expert advice
Flight Deals

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

 
Discover the best prices for you by selecting your travel dates on KAYAK.

Recent round-trip flight deals from Panama City to Madrid

Wed, Apr 7 - Tue, Apr 13
Avianca Logo
10:10 am - 9:05 amPTY  Panama City Tocumen Intl-MAD Madrid Barajas
15h 55m1 stop Bogotá El Dorado
Avianca Logo
2:20 am - 9:15 amMAD  Madrid Barajas-PTY Panama City Tocumen Intl
13h 55m1 stop Bogotá El Dorado
$750Avianca
Mon, Dec 28 - Wed, Jan 20
Avianca Logo
10:05 am - 8:10 amPTY  Panama City Tocumen Intl-MAD Madrid Barajas
16h 05m1 stop Bogotá El Dorado
Avianca Logo
10:10 am - 1:20 amMAD  Madrid Barajas-PTY Panama City Tocumen Intl
21h 10m1 stop Bogotá El Dorado
$750Avianca
Tue, Nov 17 - Thu, Nov 26
United Airlines Logo
10:00 am - 9:30 amPTY  Panama City Tocumen Intl-MAD Madrid Barajas
17h 30m1 stop Newark
United Airlines Logo
11:15 am - 7:38 pmMAD  Madrid Barajas-PTY Panama City Tocumen Intl
38h 23m2 stops Newark Houston George Bush Intcntl
$768United Airlines
Wed, Dec 30 - Wed, Jan 20
United Airlines Logo
11:55 pm - 9:30 amPTY  Panama City Tocumen Intl-MAD Madrid Barajas
27h 35m1 stop Newark
United Airlines Logo
11:15 am - 5:12 pmMAD  Madrid Barajas-PTY Panama City Tocumen Intl
35h 57m2 stops Newark Houston George Bush Intcntl
$768United Airlines
Tue, Nov 17 - Tue, Nov 24
Multiple Airlines Logo
8:55 am - 9:30 amPTY  Panama City Tocumen Intl-MAD Madrid Barajas
18h 35m2 stops Houston George Bush Intcntl Newark
Multiple Airlines Logo
1:25 pm - 8:02 pmMAD  Madrid Barajas-PTY Panama City Tocumen Intl
60h 37m2 stops Montreal Pierre Elliott Trudeau Intl Newark
$771Multiple Airlines
Tue, Nov 17 - Tue, Nov 24
Multiple Airlines Logo
10:00 am - 9:30 amPTY  Panama City Tocumen Intl-MAD Madrid Barajas
17h 30m1 stop Newark
Multiple Airlines Logo
1:25 pm - 8:02 pmMAD  Madrid Barajas-PTY Panama City Tocumen Intl
36h 37m2 stops Montreal Pierre Elliott Trudeau Intl Newark
$771Multiple Airlines
Wed, Apr 14 - Fri, Apr 30
Air Europa Logo
8:25 pm - 1:15 pmPTY  Panama City Tocumen Intl-MAD Madrid Barajas
9h 50mnonstop
Air Europa Logo
3:05 pm - 6:40 pmMAD  Madrid Barajas-PTY Panama City Tocumen Intl
10h 35mnonstop
$787Air Europa
Sun, Apr 11 - Thu, Apr 29
Air Europa Logo
8:25 pm - 1:15 pmPTY  Panama City Tocumen Intl-MAD Madrid Barajas
9h 50mnonstop
Air Europa Logo
3:05 pm - 6:40 pmMAD  Madrid Barajas-PTY Panama City Tocumen Intl
10h 35mnonstop
$787Air Europa
Sat, Apr 17 - Sun, May 2
Air France Logo
2:25 pm - 12:15 pmPTY  Panama City Tocumen Intl-MAD Madrid Barajas
14h 50m1 stop Atlanta Hartsfield-Jackson
Air France Logo
12:20 pm - 7:45 pmMAD  Madrid Barajas-PTY Panama City Tocumen Intl
14h 25m1 stop Paris Charles de Gaulle
$798Air France
Fri, Apr 16 - Mon, May 3
Air France Logo
2:25 pm - 12:15 pmPTY  Panama City Tocumen Intl-MAD Madrid Barajas
14h 50m1 stop Atlanta Hartsfield-Jackson
Air France Logo
10:05 am - 7:45 pmMAD  Madrid Barajas-PTY Panama City Tocumen Intl
16h 40m1 stop Paris Charles de Gaulle
$798Air France
Booking Insights

Price, demand and travel trends for Panama City to Madrid flights

Use KAYAK data on prices, travel dates, airlines and seasonal trends to compare options and book flights with more confidence.

How much is a round-trip flight from Panama City to Madrid?

Round-trip flights from Panama City to Madrid typically range from $738 to $986. The lowest price found in the past 5 days was $750, on Avianca.

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

Based on deals KAYAK users found in the last 12 months, Wednesday is the cheapest day of the week to fly from Panama City to Madrid. It’s 3% cheaper than the average day, while Saturday is the most expensive, with prices 5% higher.

What’s the cheapest month to fly from Panama City to Madrid?

•February is the cheapest month to fly from Panama City to Madrid at $755 round-trip.
•July ($976) and December ($970) are the most expensive months.
•The price difference between flying in the cheapest and most expensive months is 29% on average.
This is based on KAYAK aggregated and averaged internal data over the past 12 months.

When are flights from Panama City to Madrid the cheapest?

Flights from Panama City to Madrid are cheapest 18 weeks before departure. Booking in this window typically costs about 25% less than the average last-minute fare (within 2 weeks of the flight), based on KAYAK data.

Expert advice

Expert advice for your flight from Panama City to Madrid

 
KAYAK teamed up with top travel experts to share the best tips for your journey.
Our travel experts
Laura Ratliff

Laura Ratliff

Expert on Air Europa

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.

Marisa Garcia

Marisa Garcia

Expert on Iberia

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.

Ramsey Qubein

Ramsey Qubein

Expert on MAD

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.

Mark Chesnut

Mark Chesnut

Expert on PTY

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.

Key details for Panama City to Madrid flights

Low season

July

Cheapest flight

$512
Beat the crowds with an average 29% drop in travelers.
The most popular month to fly with an average 24% increase in travelers.
One-way flight from Panama City to Madrid

When to book flights from Panama City to Madrid

Are your dates flexible? Find out the best times to travel from Panama City to Madrid based on our flight data from the last year. Discover the cheapest month and even day to fly.
Estimated round-trip price

Your Panama City to Madrid flight questions, answered

Find helpful answers about this route, including flight times, airports, airlines and booking tips.

  • What are the earliest and latest flights from Panama City to Madrid?

    These are the earliest and latest flight times available from Panama City to Madrid:

    • Earliest: departs at 6:35 pm and lands at 4:20 am
    • Latest: departs at 9:30 pm and lands at 7:15 am.

    The flight takes about 9h 45m.

  • What cabin classes can I book on flights from Panama City to Madrid?

    Three cabin classes are available on flights from Panama City to Madrid:

    • Economy Class
    • Premium Economy Class
    • Business Class

  • How long is a flight from Panama City to Madrid?

    A nonstop flight from Panama City to Madrid takes 9h 45m, covering 5,065 miles.

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

    Yes, a valid passport is required for this international route. Many destinations require at least six months of validity beyond your travel dates. Check your passport expiry well before booking.

  • How much should I expect to pay for a Panama City to Madrid flight?

    Round-trip flights from Panama City to Madrid range from $738 to $986, with an average of $837 over the past 12 months. Anything below $738 counts as a good deal.

  • How expensive are last-minute Panama City to Madrid flights?

    Last-minute fares on this route (booked within two weeks of departure) run 21% above the $837 route average. Book 18 weeks before departure for the lowest fares.

  • How much can I save by taking a layover when flying from Panama City to Madrid?

    On this route, nonstop and layover fares are close on average, with nonstop at $841 round-trip and layover options via Bogotá El Dorado (BOG) at $825.

  • What is the standard checked-bag allowance on flights from Panama City to Madrid?

    There is no standard. Checked-bag policies vary by airline on this route. Most carriers charge $28–$100 for the first checked bag in economy. Premium fares and elite-status bookings typically include a free checked bag.

  • Which aircraft model is used most often on flights from Panama City to Madrid?

    The Boeing 787-9 Dreamliner family is used most often on this route, operated mainly by Air Europa. Other aircraft seen on the route include Airbus A330-200 variants.

  • How are flight departures from Panama City to Madrid spread across the day?

    Night is the busiest departure period on Panama City to Madrid flights, with 100% of flights leaving in that window. Morning departures account for 0%, afternoon flights for 0%, and evening flights for 0%.

  • Have flight prices from Panama City to Madrid changed much recently?

    Yes. Based on fares seen in the past 5 days, round-trip prices on this route showed a wide range, from about $749 to $4,835. That means the highest observed fare was about 6x higher than the lowest one.

  • Which airlines offer Wi-Fi on Panama City to Madrid flights?

    Two airlines offer in-flight Wi-Fi on Panama City to Madrid flights:

    • Iberia
    • Copa Airlines

    Pricing varies by airline and fare class. Some plans are included with the ticket or loyalty program; others are paid add-ons priced by flight length.

  • How are flight prices from Panama City to Madrid looking right now?

    One-way fares from Panama City to Madrid are currently lower than usual. Average one-way flight prices are about $592, which is 16% below the typical average for this route.

  • What car rental options are available at Madrid Barajas Airport (MAD)?

    Madrid Barajas Airport (MAD) hosts 5 major car rental companies, with daily rates starting from around $2 for economy cars. Top options include:

    • Record go
    • Goldcar Rental SP
    • CLICK RENT
    • Centauro
    • Alamo

  • Which airports can I use when flying from Panama City to Madrid?

    Flights from Panama City to Madrid usually depart from Panama City Tocumen Intl (PTY) and arrive at Madrid Barajas (MAD).

  • What time of day has the fewest delays on flights from Panama City to Madrid?

    Evening flights have the fewest delays on this route, while afternoon departures tend to have the most.

  • At what point is a flight considered delayed from Panama City to Madrid?

    A flight is considered delayed when it departs 15 minutes or more after its scheduled time. This is the standard used by the US Department of Transportation and most airline industry reporting. On the Panama City to Madrid route, 13% of flights were delayed in the past 3 months, with delays averaging 2h 43m.

  • Which airports do connecting flights from Panama City to Madrid pass through?

    One-stop flights from Panama City to Madrid most commonly connect through:

    • Bogotá El Dorado (BOG) - 65% of one-stop connections
    • Amsterdam Schiphol (AMS) - 10% of one-stop connections
    • Istanbul (IST) - 10% of one-stop connections
    • Newark (EWR) - 7% of one-stop connections

  • Can I save money by using flexible dates for flights from Panama City to Madrid?

    Yes. Flexible dates can save you up to 8% on flights from Panama City to Madrid. Wednesday is the cheapest departure day at $817 round-trip on average, while Saturday is the most expensive at $884, a difference of $67.

    KAYAK's flexible dates feature shows options up to 3 days before and after your selected dates, making it easier to compare nearby fares.

  • What airlines fly from Panama City to Madrid?

    2 airlines operate flights between Panama City and Madrid. The airlines offering nonstop flights on this route include:

    • Air Europa
    • Iberia

  • How much time can I save by choosing a different layover airport from Panama City to Madrid?

    Flying via Bogotá El Dorado (BOG) gives the shortest average 1-stop total travel time at 14h 30m, compared with 15h 50m via San José Juan Santamaria Intl (SJO) and 16h 05m via Washington, D.C. Dulles Intl (IAD).

  • What is the time difference between Panama City and Madrid?

    Madrid is 7 hours ahead of Panama City (Central European Time vs Eastern Time). Plan for the time shift when scheduling connections or first-day activities.

  • What popular places can I visit in Madrid?

    Some of the most popular sights in Madrid are Puerta del Sol, Plaza Mayor and Estado Santiago Bernabéu. These are among the most viewed places in Madrid on KAYAK.

  • Which airlines offer extra legroom and free seat selection on Panama City to Madrid flights?

    Among airlines operating Panama City to Madrid flights:

    • Air Europa: offers extra legroom; offers free seat selection
    • Iberia: offers free seat selection
    • Copa Airlines: offers free seat selection

    Extra legroom and free seat selection availability depends on fare class and route.

  • Which airlines include bags at no extra cost on Panama City to Madrid flights?

    Here are some options for this route, based on selected ticket types and cabin classes:

    • Air Europa: a cabin bag and a checked bag in Economy Class
    • Iberia: a cabin bag and a checked bag in Economy Class
    • Copa Airlines: a cabin bag and a checked bag in Economy Class

    Bag allowance can vary by ticket type, cabin class, route and airline, so always check the fare details before booking.

Your guide to booking Panama City to Madrid flights

Get tips on when to book, when to fly and what to know before your trip.
  • If your dates are flexible, aim for a Wednesday departure and avoid flying on Saturday. On this route, Wednesday flights average $817, about $67 less than Saturday fares (8% savings) based on the last 12 months.
  • For the best chance at a low fare, aim to book around 18 weeks before you fly. On this route, that window historically saves about 25% versus last-minute pricing (KAYAK booking data, last 12 months).
  • If you can choose when to travel, plan your Panama City to Madrid trip for February. Fares historically average $755 round-trip in that month - typically $221 less than the most expensive month, which is July (based on the last 12 months).
  • For the best chance of arriving on time, fly with Air Europa. Over the past three months, 91% of Air Europa flights from Panama City to Madrid arrived on time, slightly above the route average of 87%. When flights on this route arrive late, they're delayed by an average of 2h 43m, so choosing an airline with strong on-time performance can make a difference if you're on a tight schedule.
  • If you have the time, taking a 1-stop flight through Bogotá El Dorado Airport (BOG) can be cheaper than flying direct. The cheapest layover option averages $825 round-trip on this route - about $16 less than direct flights (based on the last 12 months).
  • If you're arriving late at night and need somewhere to stay, check out these hotels close to Madrid Barajas Airport.

    • Senator Barajas Hotel
    • ibis Styles Madrid Airport Valdebebas
    • Hotel Madrid Alameda Aeropuerto, Affiliated by Meliá

Prefer to fly direct from Panama City to Madrid?

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

Direct departures

Panama City Tocumen Intl to Madrid Barajas

Monday

Air Europa

Air Europa

Tuesday

Air Europa

Air Europa

Wednesday

Air Europa,Iberia

Air Europa,Iberia

Thursday

Air Europa

Air Europa

Friday

Air Europa,Iberia

Air Europa,Iberia

Saturday

Air Europa

Air Europa

Sunday

Air Europa,Iberia

Air Europa,Iberia

See more direct flights

Direct returns

Madrid Barajas to Panama City Tocumen Intl

Monday

Air Europa

Air Europa

Tuesday

Air Europa

Air Europa

Wednesday

Air Europa,Iberia

Air Europa,Iberia

Thursday

Air Europa

Air Europa

Friday

Air Europa,Iberia

Air Europa,Iberia

Saturday

Air Europa

Air Europa

Sunday

Air Europa,Iberia

Air Europa,Iberia

See more direct flights

More options for your flight from Panama City to Madrid

Complete your trip to Madrid with a hotel stay or car rental