Madrid to Panama City flights
Routavio compares airline fares from several flight booking sites. The lowest one-way fare it found for Madrid to Panama City is €242 with Avianca (checked on 12 Nov 2026).
Your next trip, last seen at €242
Lowest observedAvianca · 1 stop · One wayWhen to fly
Explore datesMore dates worth a look
Find the dates that work for you
The lowest fare we observed for each month. Open a month to see its days, then pick your outbound and return. A day with no price is one we will search for you.
One-way fare
- 1 Apr€509
- 2 Apr€408
- 3 Apr€591
- 4 Apr€592
- 5 Apr€408
- 6 Apr€368
- 7 Apr€368
- 8 Apr€276
- 9 Apr€368
- 10 Apr€368
- 11 Apr€411
- 12 Apr€368
- 13 Apr€368
- 14 Apr€368
- 15 Apr€242
- 16 Apr€368
- 17 Apr€368
- 18 Apr€276
- 19 Apr€368
- 20 Apr€368
- 21 Apr€339
- 22 Apr€368
- 23 Apr€368
- 24 Apr€368
- 25 Apr€368
- 26 Apr€368
- 27 Apr€368
- 28 Apr€368
- 29 Apr€365
- 30 Apr€368
- Lowest observed
- €242, departing 15 Apr 2027 (Last checked: 12 Nov 2026)One-way fare · Priced departure days checked in the last 14 days: 111Check live prices for this route
- Round trip
- €489, departing 28 Jan 2027, back 10 Feb 2027 (Last checked: 12 Nov 2026)
- Non-stop, one way
- €520, departing 2 Dec 2026 (Last checked: 6 Nov 2026)
- Airlines seen
- Iberia, Air Europa, Aeromexico, Avianca, Brussels Airlines, KLM, Ryanair, Turkish Airlines (8)
- Fastest observed flight time
- 10h 35m
- Non-stop
- Yes
About this route
Explore the fares we observed from Madrid to Panama City. Prices move often, so pick your dates to see the latest options.
- Route distance
- 8,162 km
- Fastest observed flight time
- 10h 35m
- Airlines seen
- Iberia, Air Europa, Aeromexico, Avianca, Brussels Airlines, KLM, Ryanair, Turkish Airlines (8)
- Alternative airports
- PAC
Route-level information; individual journeys vary.
A clearer picture of your fare
If the observed fare for this date drops, we will email you. At most one message a day.
Non-stop airlines seen on this route
| Airline | Non-stop days / priced days |
|---|---|
| Air Europa | 57 / 189 |
Departure days with a non-stop fare checked in the last 14 days. A carrier listed here had a non-stop fare on at least 3 days; schedules may differ.
Airport to city: straight-line distance
- Madrid–Barajas (MAD) → Madrid, city gazetteer reference point (40.4167, -3.7003): ≈ 13 km.
- Marcos A. Gelabert International Airport (PAC) → Panama City, city gazetteer reference point (8.9943, -79.5188): ≈ 5 km.
- Tocumen International Airport (PTY) → Panama City, city gazetteer reference point (8.9943, -79.5188): ≈ 17 km.
Approximate distances calculated from coordinates, not road distances or travel times. These airports serve the city; they are not confirmed endpoints of an offer.
Lowest fare by departure month
Cheapest departure day we saw in April 2027 from Madrid to Panama City: 15 Apr 2027, €242 (checked 12 Nov 2026).
| Month | Lowest fare | Priced days |
|---|---|---|
| November 2026 | €654 | 10 |
| December 2026 | €675 | 18 |
| January 2027 | €338 | 22 |
| April 2027 | €242 | 30 |
| May 2027 | €276 | 31 |
Lowest fare by day of the week
Cheapest Thursday departure we saw from Madrid to Panama City: 15 Apr 2027, €242 (checked 12 Nov 2026).
| Day | Lowest fare | Priced days |
|---|---|---|
| Monday | €353 | 16 |
| Tuesday | €276 | 14 |
| Wednesday | €276 | 15 |
| Thursday | €242 | 16 |
| Friday | €276 | 17 |
| Saturday | €276 | 17 |
| Sunday | €276 | 16 |
One-way fares checked in the last 14 days. Each figure is the lowest priced departure day we saw, not a guaranteed fare.
Observed fares by departure date
| Departure | Fare | Seen on |
|---|---|---|
| €691 | 12 Nov 2026 | |
| €691 | 12 Nov 2026 | |
| €691 | 12 Nov 2026 | |
| €691 | 12 Nov 2026 | |
| €691 | 12 Nov 2026 | |
| €691 | 12 Nov 2026 | |
| €691 | 12 Nov 2026 | |
| €691 | 12 Nov 2026 | |
| €691 | 12 Nov 2026 | |
| €654 | 10 Nov 2026 | |
| €595 | 3 Nov 2026 | |
| €638 | 3 Nov 2026 | |
| €625 | 3 Nov 2026 | |
| €765 | 3 Nov 2026 | |
| €596 | 3 Nov 2026 | |
| €663 | 3 Nov 2026 | |
| €719 | 3 Nov 2026 | |
| €688 | 3 Nov 2026 | |
| €520 | 5 Nov 2026 | |
| €242 | 12 Nov 2026 |
One-way fares. Each row is one price we saw for that departure day on the date shown, not a guaranteed fare.
Lowest fare by days before departure
Lowest fare from Madrid to Panama City by days until departure (61 days or more): €242 (checked 12 Nov 2026).
| Days before departure | Lowest fare | Priced days |
|---|---|---|
| 0 to 7 days | €691 | 8 |
| 8 to 30 days | €654 | 8 |
| 31 to 60 days | €533 | 18 |
| 61 days or more | €242 | 77 |
One-way fares checked in the last 14 days. Each figure is the lowest stored fare for that distance to departure, not a price forecast.
Fares for different departure dates, checked now; not a guide to when to book.
Lowest one-way fare we saw per airline
Cheapest airline from Madrid to Panama City: Avianca, €242 (checked 12 Nov 2026).
| Airline | Lowest fare | Priced days |
|---|---|---|
| Avianca | €242Apr 15, 2027 | 19 |
| KLM | €387Mar 28, 2027 | 3 |
| Air Europa | €520Dec 2, 2026 | 64 |
One-way fares checked in the last 14 days. An airline listed here had a fare on at least 3 departure days. Each figure is the lowest we saw, not a guaranteed fare. Connecting itineraries are included; the date is the departure day of that fare.
Frequently asked
How much is a flight from Madrid to Panama City?
The lowest fare Routavio has observed is €242, found on 12 Nov 2026.
Are there direct flights from Madrid to Panama City?
Yes. Published schedules report non-stop flights on this route with Iberia, Air Europa.
Which airlines fly from Madrid to Panama City?
Routavio has seen these carriers on the route: Iberia, Air Europa, Aeromexico, Avianca, Brussels Airlines, KLM, Ryanair, Turkish Airlines (8).
How long does the flight from Madrid to Panama City take?
Across the 70 fares Routavio observed, the average journey time is 11h 47m, including any stops. Individual departures vary; the fastest observed flight is listed in the route facts above.
How many of the observed Madrid to Panama City fares were non-stop?
52 of the 89 fares we observed were non-stop; the rest included at least one stop. That describes our observations, not every flight that operates.
How much is a round trip from Madrid to Panama City?
Cheapest round trip: €489, departing 28 Jan 2027, back 10 Feb 2027 (checked 12 Nov 2026).
How much is a non-stop flight from Madrid to Panama City?
Cheapest non-stop one-way fare: €520, departing 2 Dec 2026 (checked 6 Nov 2026).
Which airlines had non-stop offers on at least 3 departure dates from Madrid to Panama City?
For Madrid to Panama City, examples of observed one-way non-stop offers checked within the last 14 days: Air Europa (57). Each number counts distinct departure dates, not weekly flights; check current availability in search.
When is the cheapest month to fly from Madrid to Panama City?
Cheapest departure day we saw in April 2027 from Madrid to Panama City: 15 Apr 2027, €242 (checked 12 Nov 2026).
Which day of the week is cheapest from Madrid to Panama City?
Cheapest Thursday departure we saw from Madrid to Panama City: 15 Apr 2027, €242 (checked 12 Nov 2026).
Which airline has the lowest fare from Madrid to Panama City?
Cheapest airline from Madrid to Panama City: Avianca, €242 (checked 12 Nov 2026).
How observed prices work, what "No data" means and what a fare includes: Read the flight price guide · Price and schedule freshness on Routavio
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Recently observed fares. Prices may change.