Which airline has the best punctuality record on Madrid to Panama City flights?

Over the past year, Iberia have had the lowest number of delays on this route, with just 27% of flights being delayed.

How often are flights from Madrid to Panama City delayed?

About 27% of weekly flights between Madrid and Panama City have experienced delays in the past year, with the average delay time being 135 minutes.

What day of the week experiences the fewest flight delays on this route?

Sunday tends to have the lowest number of delays on this route, whereas Thursday has historically faced a higher average of delays compared to other days of the week.

What is the most punctual flight time for Madrid to Panama City flights?

Historically, flights departing in the evening are less likely to be delayed, whereas flights leaving in the early afternoon tend to experience delays more often.

How popular is this Madrid to Panama City flight route?

Flights from Madrid Barajas to Panama City Tocumen Intl have been viewed 1 times in the past calendar month.

How long is the flight from Madrid to Panama City?

Departing from Madrid to Panama City will take you 11h 05m. Airlines will cover a distance of 5065 mi. This flight may include one or multiple stops.

What are the cheapest airlines flying from Madrid to Panama City round-trip?

Our cheapest airline available from Madrid to Panama City is Air Europa. Our recent data shows that you can find tickets from as low as £496 on this airline. An additional option worth looking into is Iberia, starting at £524. Air Europa is 25% cheaper than the average price of flights available within the next 90 days to this destination.

Weekly flight availability from Madrid to Panama City

The most flights from MAD to PTY are scheduled on a Monday (5 on average). You will have fewer flight options on Thursday, which is when the least amount of flights are scheduled (4 on average).

In terms of precipitation, rainfall in Panama City ranges from 10.0 - 340.0 inches per month. October is typically the wettest month, when rainfall can reach 340.0 mm. February is typically the driest time to visit Panama City when rainfall is around 10.0 mm.

If weather is an important factor for your trip to Panama City, use this chart to help with planning. For those seeking warmer temperatures, February is the ideal time of year to visit, when temperatures reach an average of 27.0 C. Travellers hoping to avoid the cold should look outside of January, when temperatures are typically at their lowest (around 26.0 C).

What are the cheapest flights from Madrid to Panama City?

The cheapest flight price from Madrid to Panama City is £390. On average you can expect to pay £542. The most popular route, (Madrid Barajas - Panama City Tocumen Intl), can usually be booked for £586.

What are the most reliable airlines from Madrid to Panama City?

Looking for the most reliable airlines to get you to your destination on time? Our data shows these are most likely to get you from Madrid to Panama City on time: Qatar Airways (74%), Iberia (74%), EL AL (74%).

What airports do I use to fly from Madrid to Panama City?

You will need to book a flight from Madrid Barajas to Panama City Tocumen Intl if you want to fly from Madrid to Panama City. At least 2 different airlines have flights from Barajas (MAD) to Tocumen Intl (PTY) on a regular basis. There are 4 flights to Panama City from the Madrid airport per day. If you manage to book one that is nonstop, then you can expect the flight time from MAD to PTY to be around 10h 35m.

Can I find deals for flights from Madrid to Panama City that include hotel bookings?

Yes. In addition to deals on Madrid to Panama City flights, Cheapflights offers holiday packages that include both flights and hotel.

How can I find direct flights from Madrid to Panama City?

After entering your origin and destination, apply the non-stop filter on the search result page to find direct flights from Madrid to Panama City.

Can I find deals for business class flights from Madrid to Panama City?

Yes. Cheapflights offers flight deals from Madrid to Panama City by cabin class. In addition to browsing deals, you can also filter by cabin class on the search results page after making a search.

£259+ Cheap Flights from Madrid, Spain to Panama City

Cheapflights Tip: The best prices from Madrid Barajas to Panama City Tocumen Intl are usually found in April or May, booked 47 days in advance, depart on a Wednesday or Friday and return on a Wednesday

Cheap flight deals from Madrid to Panama City

Enter your travel dates to find the best prices.

Cheapest

Best

Direct

Last-minute

One-way

Cheapest flights from Madrid to Panama City
Explore the most affordable flight options available from Madrid to Panama City. Find the lowest fares from popular airlines and budget airlines, with prices last updated on 8 October 2026.

Mon 16/1110:10 -

1 stop13h 05m

Sat 28/1102:30 -

1 stop23h 40m

Deal found 6/10£556

Sun 8/1108:10 -

1 stop15h 05m

Fri 13/1118:10 -

1 stop23h 15m

Deal found 4/10£558

Sat 21/1115:10 -

Nonstop10h 35m

Mon 30/1121:30 -

Nonstop9h 35m

Deal found 7/10£588

Wed 18/1115:10 -

Nonstop10h 35m

Fri 27/1121:30 -

Nonstop9h 35m

Deal found 7/10£590

Sun 22/1108:10 -

1 stop15h 05m

Sun 29/1116:10 -

1 stop32h 00m

Deal found 8/10£603

Sun 22/1115:10 -

Nonstop10h 35m

Sun 29/1121:30 -

Nonstop9h 35m

Deal found 8/10£606

Fri 20/1115:10 -

Nonstop10h 35m

Fri 27/1121:30 -

Nonstop9h 35m

Deal found 4/10£610

Tue 17/1115:10 -

Nonstop10h 35m

Mon 30/1121:30 -

Nonstop9h 35m

Deal found 7/10£611

Tue 24/1115:10 -

Nonstop10h 35m

Mon 30/1121:30 -

Nonstop9h 35m

Deal found 8/10£616

Sun 22/1108:10 -

1 stop15h 05m

Fri 27/1110:05 -

1 stop16h 05m

Deal found 7/10£626

Wed 18/1106:05 -

1 stop16h 25m

Mon 30/1116:18 -

2 stops17h 02m

Deal found 7/10£627

Find flight deals from Madrid to Panama City

Round-trip from	£507
One-way from	£259
Popular in	December
Cheapest in	April
Average price	£571
Good round-trip deal	£390 or less

Avianca
20/1-6/2
2 total stops
28h 00m total
Madrid to Panama City

Search Deals

Avianca
12/3-31/12
1 total stop
15h 00m total
Madrid to Panama City

Search Deals

Highest demand for flights based on searches. 12% potential increase in price (£73 potential increase over avg. return price).

Search Deals

Cheapest flight prices on average. 2% potential price decrease (£15 potential savings vs. average return price).

Search Deals

Average for round-trip flights in October 2026

Search Deals

Price to beat on a round-trip flight from Madrid Barajas to Panama City Tocumen Intl.

Search Deals

Fly from

Fly to

Route

Depart

Return

Price

Cheapest return flight

MadridPanama City

MAD Madrid Barajas - PTY Panama City Tocumen Intl

MADPTY

Madrid Barajas

Fri 19/3

06:05-20:20

2 stops20h 15m

Panama City Tocumen Intl

Wed 31/12

00:00-06:00

Nonstop0h 00m

£352

MadridPanama City

MAD Madrid Barajas - PTY Panama City Tocumen Intl

MADPTY

Madrid Barajas

Wed 3/3

12:00-17:05

Nonstop11h 05m

Panama City Tocumen Intl

Wed 31/12

00:00-06:00

Nonstop0h 00m

£460

Fastest return journey

MadridPanama City

MAD Madrid Barajas - PTY Panama City Tocumen Intl

MADPTY

Madrid Barajas

Tue 6/4

15:05-18:40

Nonstop10h 35m

Panama City Tocumen Intl

Wed 31/12

00:00-06:00

Nonstop0h 00m

£478

MadridPanama City

MAD Madrid Barajas - PTY Panama City Tocumen Intl

MADPTY

Madrid Barajas

Mon 2/11

15:10-19:45

Nonstop10h 35m

Panama City Tocumen Intl

Wed 31/12

00:00-06:00

Nonstop0h 00m

£480

MadridPanama City

MAD Madrid Barajas - PTY Panama City Tocumen Intl

MADPTY

Madrid Barajas

Mon 19/10

15:05-18:40

Nonstop10h 35m

Panama City Tocumen Intl

Wed 31/12

00:00-06:00

Nonstop0h 00m

£523

MadridPanama City

MAD Madrid Barajas - PTY Panama City Tocumen Intl

MADPTY

Madrid Barajas

Mon 26/10

15:10-19:45

Nonstop10h 35m

Panama City Tocumen Intl

Wed 31/12

00:00-06:00

Nonstop0h 00m

£569

MadridPanama City

MAD Madrid Barajas - PTY Panama City Tocumen Intl

MADPTY

Madrid Barajas

Sun 7/2

14:20-17:10

2 stops32h 50m

Panama City Tocumen Intl

Sun 21/2

18:50-10:25

1 stop33h 35m

£642

MadridPanama City

MAD Madrid Barajas - PTY Panama City Tocumen Intl

MADPTY

Madrid Barajas

Sat 6/2

07:00-05:48

3 stops28h 48m

Panama City Tocumen Intl

Wed 31/12

00:00-06:00

Nonstop0h 00m

£680

MadridPanama City

MAD Madrid Barajas - PTY Panama City Tocumen Intl

MADPTY

Madrid Barajas

Tue 13/10

14:35-12:59

2 stops29h 24m

Panama City Tocumen Intl

Wed 31/12

00:00-06:00

Nonstop0h 00m

£686

MadridPanama City

MAD Madrid Barajas - PTY Panama City Tocumen Intl

MADPTY

Madrid Barajas

Sun 7/2

12:00-17:05

Nonstop11h 05m

Panama City Tocumen Intl

Sun 21/2

18:35-10:40

Nonstop10h 05m

£712

Flights are sorted by cheapest return flights first.

Deals found on 5/10

Showing 1-10 of 21 resultsSorted by cheapest first

Best time to book a flight from Madrid to Panama City

Have a flexible travel schedule? Discover the best time to fly to Panama City from Madrid with our price prediction graph.

MAD-PTY

Estimated return price

Rates are based on past data. Find the cheapest month and day to book your flight based on your travel requirements, then search for cheap deals.

Cheapflights Insights

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

Prices

Airlines

Delays

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

The best time to book flights from Madrid to Panama City is 46 days before your desired departure date. The cost of your flight will likely increase significantly if you book two weeks in advance of your flight.

What is the cheapest month to book a flight from Madrid to Panama City?

Currently, April is the cheapest month in which you can book a flight from Madrid to Panama City (average of £553). Flying from Madrid to Panama City in December is currently the most expensive (average of £860). There are several factors that can impact the price of a flight, so comparing airlines, departure airports and flight times can provide users with more options.

What is the cheapest time of day to fly from MAD to PTY?

Regardless of the time of day you decide to fly, the ticket price will remain around the same. Book flights from Madrid to Panama City as you normally would.

How much does it cost for a return flight from Madrid to Panama City?

Airfare is below average for this route at the moment.

Madrid to Panama City flights typically cost between £533 and £660 in January.
The cheapest return price found within the last 5 days was £507 on Avianca (19 Jan–3 Feb).

Reviews of airlines servicing Panama City

See what other customers who have flown with Iberia and Air Europa from Madrid to Panama City have to say. You can also see how each airline compares in terms of entertainment options, comfort, food, crew/service, and boarding process.

Iberia

7.0

Good

3,254 reviews

Check prices

Reviews

1 / 20

10.0

Excellent

Silvia,Sept 2026

MAD - VCE

Smooth boarding, take off on time and landing ahead of schedule. Clean aircraft and nice crew.

Iberia

7.0

Good

3,254 reviews

Iberia

7.0

Good

3,254 reviews

Check prices

Reviews

1 / 20

10.0

Excellent

Silvia,Sept 2026

MAD - VCE

Smooth boarding, take off on time and landing ahead of schedule. Clean aircraft and nice crew.

Air Europa

6.9

Okay

640 reviews

Iberia

7.0

Good

3,254 reviews

Check prices

Reviews

1 / 20

10.0

Excellent

Silvia,Sept 2026

MAD - VCE

Smooth boarding, take off on time and landing ahead of schedule. Clean aircraft and nice crew.

Related info for your journey

What airports do I use to fly from Madrid to Panama City?
You will need to book a flight from Madrid Barajas to Panama City Tocumen Intl if you want to fly from Madrid to Panama City. At least 2 different airlines have flights from Barajas (MAD) to Tocumen Intl (PTY) on a regular basis. There are 4 flights to Panama City from the Madrid airport per day. If you manage to book one that is nonstop, then you can expect the flight time from MAD to PTY to be around 10h 35m.
How popular is this Madrid to Panama City flight route?
Flights from Madrid Barajas to Panama City Tocumen Intl have been viewed 1 times in the past calendar month.
How long is the flight from Madrid to Panama City?
Departing from Madrid to Panama City will take you 11h 05m. Airlines will cover a distance of 5065 mi. This flight may include one or multiple stops.
What are the cheapest airlines flying from Madrid to Panama City round-trip?
Our cheapest airline available from Madrid to Panama City is Air Europa. Our recent data shows that you can find tickets from as low as £496 on this airline. An additional option worth looking into is Iberia, starting at £524. Air Europa is 25% cheaper than the average price of flights available within the next 90 days to this destination.
What are the most reliable airlines from Madrid to Panama City?
Looking for the most reliable airlines to get you to your destination on time? Our data shows these are most likely to get you from Madrid to Panama City on time: Qatar Airways (74%), Iberia (74%), EL AL (74%).
What are the cheapest flights from Madrid to Panama City?
The cheapest flight price from Madrid to Panama City is £390. On average you can expect to pay £542. The most popular route, (Madrid Barajas - Panama City Tocumen Intl), can usually be booked for £586.
Can I find deals for flights from Madrid to Panama City that include hotel bookings?
Yes. In addition to deals on Madrid to Panama City flights, Cheapflights offers holiday packages that include both flights and hotel.
How can I find direct flights from Madrid to Panama City?
After entering your origin and destination, apply the non-stop filter on the search result page to find direct flights from Madrid to Panama City.
Can I find deals for business class flights from Madrid to Panama City?
Yes. Cheapflights offers flight deals from Madrid to Panama City by cabin class. In addition to browsing deals, you can also filter by cabin class on the search results page after making a search.
What is the cheapest month to book a flight from Madrid to Panama City?
Currently, April is the cheapest month in which you can book a flight from Madrid to Panama City (average of £553). Flying from Madrid to Panama City in December is currently the most expensive (average of £860). There are several factors that can impact the price of a flight, so comparing airlines, departure airports and flight times can provide users with more options.

See more FAQs

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Pueblo Nuevo car hire

Top 2 airlines flying from Madrid to Panama City

Airline	Cheapest	Average	Flexibility	On-time
Air Europa	Cheapest£496	Average£576	FlexibilityNo cancel fee	On-time83%	Search Air Europa flights
Iberia	Cheapest£524	Average£540	FlexibilityNo cancel fee	On-time77%	Search Iberia flights

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How does Cheapflights help users find flights from Madrid to Panama City?

Deals for Madrid to Panama City flights are sourced from 900+ travel sites when you use Cheapflights. When all flight results come back, Cheapflights lets you sort and filter flights using different criteria to choose better, like price, airport, cabin class, and plenty of other options.

Why should you use Cheapflights to find cheap flight tickets from Madrid to Panama City?

Cheapflights helps you find that perfect flight to Panama City from Madrid by searching from hundreds of airlines and agencies you know and love. We are also free to use, in case you were wondering!

Can Cheapflights find flights from Madrid to Panama City with no change fees?

Cheapflights does show flights with no change fees to all users. To see these options for flights from Madrid to Panama City, users can toggle the no change fees filter when performing a flight search.

Can Cheapflights notify me if prices for flights from Madrid to Panama City become cheaper?

Not ready to book yet? You can track prices for flights from Madrid to Panama City on Cheapflights with our Price Alert feature and get notified when better prices are available.

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Cheap flights from Madrid, Spain to Panama City from £259

This is the cheapest retur flight price found by a Cheapflights user in the last 72 hours by searching for a flight departing on 12/3. Fares are subject to change and may not be available on all flights or dates of travel.

Cheap flight deals from Madrid to Panama City

Cheapest flights from Madrid to Panama CityExplore the most affordable flight options available from Madrid to Panama City. Find the lowest fares from popular airlines and budget airlines, with prices last updated on 8 October 2026.

Explore the most affordable flight options available from Madrid to Panama City. Find the lowest fares from popular airlines and budget airlines, with prices last updated on 8 October 2026.

Best flights from Madrid to Panama CityDiscover carefully curated flight deals from Madrid to Panama City that have cost, travel time, and stopovers in mind to ensure you get the best travel experience. Data last updated 8 October 2026.

Discover carefully curated flight deals from Madrid to Panama City that have cost, travel time, and stopovers in mind to ensure you get the best travel experience. Data last updated 8 October 2026.

Direct flights from Madrid to Panama CityExplore direct flight options from Madrid to Panama City based on user searches, and compare prices and availability for your desired travel dates. Data last updated 8 October 2026.

Explore direct flight options from Madrid to Panama City based on user searches, and compare prices and availability for your desired travel dates. Data last updated 8 October 2026.

Last-minute flights from Madrid to Panama CityDiscover last-minute flight deals from Madrid to Panama City. Data last updated 8 October 2026 and is based on user searches.

Discover last-minute flight deals from Madrid to Panama City. Data last updated 8 October 2026 and is based on user searches.

One-way flights from Madrid to Panama CitySearch for one-way flight options from Madrid to Panama City. Find affordable one-way fares based on user searches. Data last updated 8 October 2026.

Search for one-way flight options from Madrid to Panama City. Find affordable one-way fares based on user searches. Data last updated 8 October 2026.

Find flight deals from Madrid to Panama City

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Cheapflights Fare Finder

Use the filters below to find and compare flights from Madrid to Panama City that are best for you.

Best time to book a flight from Madrid to Panama City

Have a flexible travel schedule? Discover the best time to fly to Panama City from Madrid with our price prediction graph.

Cheapflights Insights

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

The best time to book flights from Madrid to Panama City is 46 days before your desired departure date. The cost of your flight will likely increase significantly if you book two weeks in advance of your flight.

What is the cheapest month to book a flight from Madrid to Panama City?

What is the cheapest time of day to fly from MAD to PTY?

Regardless of the time of day you decide to fly, the ticket price will remain around the same. Book flights from Madrid to Panama City as you normally would.

How much does it cost for a return flight from Madrid to Panama City?

Airfare is below average for this route at the moment.

Madrid to Panama City flights typically cost between £533 and £660 in January.The cheapest return price found within the last 5 days was £507 on Avianca (19 Jan–3 Feb).

Weekly flight availability from Madrid to Panama City

The most flights from MAD to PTY are scheduled on a Monday (5 on average). You will have fewer flight options on Thursday, which is when the least amount of flights are scheduled (4 on average).

How often are flights from Madrid to Panama City delayed?

About 27% of weekly flights between Madrid and Panama City have experienced delays in the past year, with the average delay time being 135 minutes.

What is the most punctual flight time for Madrid to Panama City flights?

Historically, flights departing in the evening are less likely to be delayed, whereas flights leaving in the early afternoon tend to experience delays more often.

What day of the week experiences the fewest flight delays on this route?

Sunday tends to have the lowest number of delays on this route, whereas Thursday has historically faced a higher average of delays compared to other days of the week.

Which airline has the best punctuality record on Madrid to Panama City flights?

Over the past year, Iberia have had the lowest number of delays on this route, with just 27% of flights being delayed.

Reviews of airlines servicing Panama City

See what other customers who have flown with Iberia and Air Europa from Madrid to Panama City have to say. You can also see how each airline compares in terms of entertainment options, comfort, food, crew/service, and boarding process.

Related info for your journey

What airports do I use to fly from Madrid to Panama City?

How popular is this Madrid to Panama City flight route?

How long is the flight from Madrid to Panama City?

What are the cheapest airlines flying from Madrid to Panama City round-trip?

What are the most reliable airlines from Madrid to Panama City?

What are the cheapest flights from Madrid to Panama City?

Can I find deals for flights from Madrid to Panama City that include hotel bookings?

How can I find direct flights from Madrid to Panama City?

Can I find deals for business class flights from Madrid to Panama City?

What is the cheapest month to book a flight from Madrid to Panama City?

Travelling to a place near Panama City?

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Find flights from Madrid to Panama City, based on your preferred cabin class, be it economy, premium economy, business, or first class.

Madrid and Panama City flights

Browse other Madrid and Panama City flight options. Last updated on 8 October 2026.

Other flights from Madrid

Browse through other flights departing from Madrid. Flights are based on user searches made on Cheapflights and were last updated on 8 October 2026.

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Top 2 airlines flying from Madrid to Panama City

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How does Cheapflights help users find flights from Madrid to Panama City?

Why should you use Cheapflights to find cheap flight tickets from Madrid to Panama City?

Can Cheapflights find flights from Madrid to Panama City with no change fees?

Can Cheapflights notify me if prices for flights from Madrid to Panama City become cheaper?

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Cheapest flights from Madrid to Panama City
Explore the most affordable flight options available from Madrid to Panama City. Find the lowest fares from popular airlines and budget airlines, with prices last updated on 8 October 2026.

Best flights from Madrid to Panama City
Discover carefully curated flight deals from Madrid to Panama City that have cost, travel time, and stopovers in mind to ensure you get the best travel experience. Data last updated 8 October 2026.

Direct flights from Madrid to Panama City
Explore direct flight options from Madrid to Panama City based on user searches, and compare prices and availability for your desired travel dates. Data last updated 8 October 2026.

Last-minute flights from Madrid to Panama City
Discover last-minute flight deals from Madrid to Panama City. Data last updated 8 October 2026 and is based on user searches.

One-way flights from Madrid to Panama City
Search for one-way flight options from Madrid to Panama City. Find affordable one-way fares based on user searches. Data last updated 8 October 2026.

Madrid to Panama City flights typically cost between £533 and £660 in January.
The cheapest return price found within the last 5 days was £507 on Avianca (19 Jan–3 Feb).