Cheap Flights from Panama City to Madrid

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Find the cheapest month or even day of the year to fly to Madrid

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Flight deals from Panama City to Madrid

Looking for a cheap last-minute deal or the best return flight from Panama City to Madrid? Find the lowest prices on one-way and return tickets right here.

Find the cheapest month to fly from Panama City to Madrid

We’re always keeping an eye on fares, so you can find the best one in seconds. It looks like Panama City to Madrid flights are currently cheapest in September.

Direct flights from Panama City to Madrid

Panama City to Madrid: Alternative routes

Compare routes from Panama City to Madrid below. You may find an airport to fly into that's cheaper, faster, or easier than Madrid.

Panama City to Madrid: Flight information

The things to know before you go.
Cheapest flight foundR 6,937
Cheapest month to flySeptember
Average flight time9 hrs, 53 mins
Most popular airlineCopa
Average flights per week57

Finding cheap flights from Panama City to Madrid: Frequently asked questions

The best price we found for a return flight from Panama City to Madrid is R 12,085. This is an estimate based on information collected from different airlines and travel providers over the last 4 days and is subject to change and availability.
9 hours and 53 minutes is the average flight time from Panama City to Madrid.
Copa, Air Europa and Etihad Airways fly direct from Panama City to Madrid.
As of July 2025, there are 57 flights per week flying from Panama City to Madrid.
The cheapest month to fly from Panama City to Madrid is usually October.
After crunching the numbers on our flight calendar, we found that it is currently cheapest to fly from Panama City to Madrid Airport on Tuesday, 14 October 2025.
Yes – the average flight time is 9 hours and 53 minutes.
We show every price from over 1,200 airlines and travel agents, comparing them all so you don’t have to. If you know you want to fly to Madrid but you’re not ready to book, set up a Price Alert. We’ll track prices for you, and let you know when they rise or fall.
We crunched all the numbers in our flight calendar and it looks like the cheapest time to book a flight to Madrid is around 40 days in advance, so don’t leave your flight to the last minute.
The cheapest airline that flies to Madrid is Air Europa .

Flying from Panama City to Adolfo Suarez Madrid-Barajas Airport (MAD): What you need to know

  • Get your holiday planning underway by considering where you'll board your flight from Panama City to Adolfo Suarez Madrid-Barajas Airport (MAD). Tocumen International Airport (PTY) and Panama Pacifico Airport (BLB) are the two main airports in Panama City.

  • Around 9 hours 50 minutes is how long you can expect to be travelling on a direct Panama City to Adolfo Suarez Madrid-Barajas Airport flight.

  • Adolfo Suarez Madrid-Barajas Airport is located in Madrid. The city is in the UTC+1 timezone and is six hours ahead of Panama City.

  • Tocumen International Airport (PTY) to Adolfo Suarez Madrid-Barajas Airport (MAD) is the busiest route, with 10 direct services each week. Travel from PTY to MAD on Iberia's 5:20pm flight.

  • Give yourself enough time to make your flight from Panama City to MAD. As a general rule, turn up at least two hours before international departures and an hour ahead for domestic flights.

  • Peak travel periods mean busier airports, so show up even earlier. Give yourself at least two hours before a domestic flight and four hours for international journeys to keep to your schedule.

Airports in Panama City

Tocumen International Airport (PTY)

  • You can take a direct flight from Panama City to Adolfo Suarez Madrid-Barajas Airport (MAD) departing from Tocumen International Airport (PTY).

  • When jetting out of PTY, you can catch a direct flight from Panama City to Adolfo Suarez Madrid-Barajas Airport with Air Europa.

  • Air Europa is the airline with the highest passenger demand for flights from PTY to MAD.

  • Among carriers on this route, Air Europa has the highest rate of on-time arrivals.

  • Think about adding a stopover to find cheap flights from Panama City to MAD. Simply deselect 'Direct flights only' when browsing departures from Tocumen International Airport (PTY). Pause your trip (and maybe pocket some savings) with a stop at one of these airports:

    • Miami International Airport (MIA)

    • El Dorado International Airport (BOG)

    • Las Americas International Airport (SDQ)

  • PTY is about 21 kilometres from central Panama City. If you're ride-sharing, catching a cab or driving from the centre, it'll take 20 minutes or so to get there, depending on the traffic. If you're planning to take public transport, expect the trip time to be around 1 hour 5 minutes.

  • Looking for a comfortable hotel close to Tocumen International Airport? If you've booked an early flight from Panama City to Adolfo Suarez Madrid-Barajas Airport, these accommodation options will put you moments from your departure gate:

  • 86.03% of flights departing from Tocumen International Airport touch down at their destination on time. With its solid on-time performance, you're unlikely to be delayed when jetting out of PTY.

Marcos A. Gelabert International Airport (PAC)

  • You can arrive at PAC from the centre of Panama City in approximately 5 minutes by car, depending on traffic. The journey on public transport will take roughly 25 minutes to travel the 2 kilometres or so.

  • Want to treat yourself to an extra night away before catching your Panama City to MAD flight? Kick back in a hotel near Marcos A. Gelabert International Airport before your holiday officially begins. These stays have your key waiting:

Panama Pacifico Airport (BLB)

  • You can book a plane ticket from Panama City to Adolfo Suarez Madrid-Barajas Airport (MAD) with a stop or two out of Panama Pacifico Airport (BLB). Here are some of the most popular stopovers between BLB and MAD:

    • El Dorado International Airport (BOG)

    • Juan Santamaria International Airport (SJO)

    • Jose Marti International Airport (HAV)

  • If you're making your way to BLB from central Panama City, it takes around 20 minutes to get there by car. The drive to the airport is roughly 16 kilometres.

  • Take the uncertainty out of departure day — stay near Panama Pacifico Airport and know you'll make it to your boarding gate with time to spare. Check in to one of these hotels the day before if you have an early Panama City to Adolfo Suarez Madrid-Barajas Airport flight:

  • With 86.75% of its departing flights arriving as planned, BLB is a dependable starting point for any trip.

About Adolfo Suarez Madrid-Barajas Airport (MAD)

Getting from Adolfo Suarez Madrid-Barajas Airport (MAD) to central Madrid

  • Adolfo Suarez Madrid-Barajas Airport is roughly 13 kilometres from central Madrid. The time it takes to get to the centre in a cab or car hire depends on the time of day. Do a little research beforehand.

  • When travelling by public transport, expect a journey of about 35 minutes.

How to find the cheapest flights from Panama City to Adolfo Suarez Madrid-Barajas Airport (MAD)

  • R 6,937 is the lowest price for a one-way ticket from Panama City to Adolfo Suarez Madrid-Barajas Airport. A return flight starts at R 12,085. These fares may change based on demand and availability.

  • To pick up cheap flights from Panama City to MAD, book in advance. Airlines typically offer lower fares when tickets first go on sale.

  • If you have some flexibility with your trip dates, use the 'Whole month' search tool. It'll give you the lowest price across the month when searching for your Panama City to Adolfo Suarez Madrid-Barajas Airport ticket.

  • Locking in a cheap plane ticket from Panama City to MAD is a breeze with Price Alerts. All you need to do is create one of these automatic alerts and we'll let you know when prices go down.

  • Filters make it easier to land a deal on your flight from Panama City to Adolfo Suarez Madrid-Barajas Airport. Choose the departure times, airlines and number of stops that look good to you. Then sort the results by 'Cheapest' to zero in on the cheapest fare fast.

The best time to fly from Panama City to Adolfo Suarez Madrid-Barajas Airport (MAD)

  • Think about your travel style when planning the timing of your trip. April is the quietest month to visit Madrid. July is when most people book flights from Panama City to Adolfo Suarez Madrid-Barajas Airport (MAD), which may be ideal if you're chasing more excitement.

  • The warmest month in Madrid is July, with temperatures ranging between 17ºC (63ºF) and 36ºC (97ºF). Book your Panama City to MAD plane ticket then if that's your ideal forecast.

  • Search for cheap tickets from Panama City to Adolfo Suarez Madrid-Barajas Airport in January if you'd rather travel when it's cooler. Temperatures are at their lowest then, ranging between 0ºC (32ºF) and 11ºC (52ºF).

More about Madrid

  • When it comes to looking for somewhere to lay your head, you'll find the best stays in Madrid right here. Check out these hotels once you've locked in your flight from Panama City to Adolfo Suarez Madrid-Barajas Airport:

  • Museo del Prado and Plaza Mayor are a couple of top-rated attractions to put on your Madrid must-do list. Keep the momentum going by heading to Museo Nacional Thyssen-Bornemisza.

Explore more of Spain

  • Madrid has plenty to offer, but there are so many other parts of Spain just waiting to be discovered. About 274 kilometres north-east of Madrid, a trip to Zaragoza will keep you on the move. Start with leading sights like Plaza España, Plaza del Pilar and La Seo del Salvador.

  • If there's time to check out another well-known destination in Spain, head for Salamanca, about 193 kilometres west of Madrid. Salamanca, Casco Historico, Catedral de Salamanca and Plaza Mayor are among its highlights.

Prices shown on this page are estimated lowest prices only. Found in the last 45 days.