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Madrid ✈ Panama City

Cheapest airfares from Madrid to Panama City

Search for flight deals to Panama City

*All prices in AUD, prices may fluctuate slightly from the advertised price.
Fly on Thu, Jan 22nd 2026
From $678

Air Canada
AC 8463 (2 Transfers)
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Fly on Mon, Sep 8th 2025
From $687

Air Canada
AC 8355 (2 Transfers)
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Fly on Wed, Dec 31st 2025
From $692

Air Canada
AC 8463 (2 Transfers)
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Fly on Fri, Jul 18th 2025
From $1072

Iberia Airlines
IB 273 (1 Transfer)
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