Cheap flights from Panama City (PTY) to Madrid (MAD) from $406

This is the cheapest one-way flight price, found on 9/26. Prices may vary by date and flight preferences.
PTY — MAD
Oct 2 — Oct 91

The best prices from Panama City Tocumen Intl to Madrid Barajas are usually found in April or March, booked 60 days in advance, depart on a Tuesday or Monday and return on a Monday

How to find the cheapest flight from Panama City (PTY) to Madrid (MAD)

All the information you need to plan the best PTY to MAD flight in 2023: compare Panama City to Madrid flight prices with the expected peak season, weather and rainfall in Madrid.

Popular in

July

Cheapest in

April

Round-trip from

$593

One-way from

$436
High demand for flights, 22% potential price rise
Best time to find cheap flights, 18% potential price drop
From Panama City Tocumen Intl to Madrid Barajas
One-way flight from Panama City Tocumen Intl to Madrid Barajas

PTY - MAD

Price

$593 - $1,327

MAD

Temperature

41 - 77 °F

MAD

Rainfall

0.4 - 2.4 inches

What is the cheapest day to fly round-trip from Panama City to Madrid?

Departing on a Monday is a good option for securing a great price. You can expect to save up to 10% when planning your travel around this day of the week.

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

To save on the cost of your flight from Panama City to Madrid, book at least 61 days before your planned departure. Booking around this time can save you about 32% on the cost of this flight compared to booking a flight leaving this week. We have found prices from $1,037 if you need a flight within two weeks. For flights within the next 72 hours, you can find tickets from as low as $1,143.

What is the cheapest month to fly from Panama City to Madrid?

The best pricing can be found in the month of April. Prices to Madrid from Panama City average $850. You can even find prices in April for less than $850, as users have found deals to Madrid from as low as $567. The month of July appears to be one of the more expensive times to travel to Madrid from Panama City. Flying in the targeted month can save you up to 28%.

When is the cheapest time to fly from Panama City to Madrid (PTY - MAD)?

When flying from Panama City to Madrid, the time of day you fly usually plays a role in the price. Save by searching for a flight at noon, which can drop the price by up to 7% versus a flight in the afternoon.

Cheap Air Europa flights from Panama City to Madrid

Take a peek at the cheapest Air Europa flights we've detected traveling from Panama City to Madrid. Make sure to double check the flight details before booking.
  • Air Europa is one of the most popular airlines used for those traveling from Panama City to Madrid. Panama City to Madrid flights are typically 79% cheaper than other airlines traveling the same route. Flights from Air Europa typically cost $832.23 RT. The cheapest Air Europa flight found for this route was $669. When traveling from Panama City to Madrid on Air Europa, the most popular airport to depart from is Panama City Tocumen Intl Airport and the most popular airport to arrive at is Madrid Barajas Airport. When flying from Panama City to Madrid, Air Europa flights are -1% more popular than any other airline flying that same route.

Cheap KLM flights from Panama City to Madrid

Take a gander at the lowest prices we've found on KLM flights from Panama City to Madrid. If these deals don't fit your criteria, make sure to check back soon as new deals are always added.
  • If you’re traveling from Panama City to Madrid, one of the more common airlines traveling that route is KLM. Flights from KLM traveling this route typically cost $791.97 RT. This price is typically 100% cheaper than other airlines that offer Panama City to Madrid flights. When booking this route, the cheapest RT price found was $652. Panama City Tocumen Intl Airport is the most common Panama City airport to take off from when flying to Madrid. Madrid Barajas Airport is the most popular arrival airport in Madrid. When flying from Panama City to Madrid, KLM flights are -3% more popular than any other airline flying that same route.

Cheap Panama City to Madrid flights in September & October 2023

The best prices found for PTY to MAD flights for September, October
Scroll through some of the best deals on flights from Panama City to Madrid in 2023. Check back regularly for other flight deals.

Panama City to Madrid 2023 flight deals

Cheap flights to Madrid from Panama City found for this year
Scroll through some of the best deals on flights from Panama City to Madrid in 2023. Check back regularly for other flight deals.

Non-stop flights to Madrid from Panama City

Save time with Panama City to Madrid direct flight deals
To help reduce your travel time, choose from one of these non-stop flights from Panama City to Madrid. If you're looking for other options for flights from Panama City to Madrid, make sure to update the search form at the top of page.

Panama City to Madrid flights leaving soon

Late deals on return flights to Madrid from Panama City, departing today and this week
Consider one of these great deals we found on last-minute flights from Panama City to Madrid. To prevent any unwanted surprises, users should verify their flight info before booking.

One-way flights to Madrid from Panama City

The cheapest one-way flights from Panama City to Madrid
If you're seeking multiple options on one-way flights from Panama City to Madrid, be sure to check out these deals, which are updated often. Users in need of a round-trip flight from Panama City to Madrid instead should update the search form at the top of page.

Find flights from Panama City to Madrid within your budget

Use the slider to find flights from Panama City to Madrid that fit your budget.

Fly from

Any airport

Fly to

Any airport

Budget

$657 - $811

Route

Depart

Return

Price

Panama City Tocumen IntlMadrid Barajas

PTY - MAD

PTYMAD

Panama City Tocumen Intl

Thu 11/16

Nonstop9h 35m

Madrid Barajas

Sun 11/26

Nonstop10h 35m

Panama City Tocumen IntlMadrid Barajas

PTY - MAD

PTYMAD

Panama City Tocumen Intl

Tue 10/10

Nonstop10h 10m

Madrid Barajas

Wed 10/18

Nonstop10h 45m

Panama City Tocumen IntlMadrid Barajas

PTY - MAD

PTYMAD

Panama City Tocumen Intl

Wed 11/1

1 stop22h 40m

Madrid Barajas

Sat 1/27

1 stop19h 15m

Panama City Tocumen IntlMadrid Barajas

PTY - MAD

PTYMAD

Panama City Tocumen Intl

Thu 10/12

1 stop16h 30m

Madrid Barajas

Thu 10/19

2 stops34h 04m

Panama City Tocumen IntlMadrid Barajas

PTY - MAD

PTYMAD

Panama City Tocumen Intl

Tue 10/17

Nonstop10h 10m

Madrid Barajas

Fri 11/3

Nonstop11h 00m

Panama City Tocumen IntlMadrid Barajas

PTY - MAD

PTYMAD

Panama City Tocumen Intl

Tue 10/17

2 stops17h 25m

Madrid Barajas

Fri 11/3

1 stop15h 46m

Panama City Tocumen IntlMadrid Barajas

PTY - MAD

PTYMAD

Panama City Tocumen Intl

Wed 2/28

1 stop14h 20m

Madrid Barajas

Wed 3/13

2 stops44h 45m

Panama City Tocumen IntlMadrid Barajas

PTY - MAD

PTYMAD

Panama City Tocumen Intl

Sun 12/31

1 stop18h 50m

Madrid Barajas

Tue 1/30

1 stop26h 00m

Panama City Tocumen IntlMadrid Barajas

PTY - MAD

PTYMAD

Panama City Tocumen Intl

Wed 11/1

1 stop27h 20m

Madrid Barajas

Tue 11/7

1 stop21h 45m

Flights are sorted by cheapest first

Deals found on 9/26

Reviews of airlines servicing Madrid

See what other customers who have flown with Air Europa, KLM and Avianca from Panama City to Madrid have to say. Users have also rated airlines in terms of entertainment options, comfort, food, crew/service, and boarding process.
Air France
7.6
Good
274 reviews

Boarding

7.6

Food

7.0

Crew

8.3

Overall

7.6

Comfort

7.4

Entertainment

7.2

Reviews

1 / 10

Making us check our bags at the gate then finding out there was plenty of space on the plane was annoying. Otherwise a smooth flight that was only delayed by an hour on the first leg and another hour on the second leg due to technical problems. Nice bathrooms for an airplane and nice to set out a self serve station for beverages between service.

Air France
7.6
Good
274 reviews
Air France
7.6
Good
274 reviews

Boarding

7.6

Food

7.0

Crew

8.3

Overall

7.6

Comfort

7.4

Entertainment

7.2

Reviews

1 / 10

Making us check our bags at the gate then finding out there was plenty of space on the plane was annoying. Otherwise a smooth flight that was only delayed by an hour on the first leg and another hour on the second leg due to technical problems. Nice bathrooms for an airplane and nice to set out a self serve station for beverages between service.

KLM
7.5
Good
196 reviews
Air France
7.6
Good
274 reviews

Boarding

7.6

Food

7.0

Crew

8.3

Overall

7.6

Comfort

7.4

Entertainment

7.2

Reviews

1 / 10

Making us check our bags at the gate then finding out there was plenty of space on the plane was annoying. Otherwise a smooth flight that was only delayed by an hour on the first leg and another hour on the second leg due to technical problems. Nice bathrooms for an airplane and nice to set out a self serve station for beverages between service.

United Airlines
7.4
Good
1,890 reviews
Air France
7.6
Good
274 reviews

Boarding

7.6

Food

7.0

Crew

8.3

Overall

7.6

Comfort

7.4

Entertainment

7.2

Reviews

1 / 10

Making us check our bags at the gate then finding out there was plenty of space on the plane was annoying. Otherwise a smooth flight that was only delayed by an hour on the first leg and another hour on the second leg due to technical problems. Nice bathrooms for an airplane and nice to set out a self serve station for beverages between service.

Iberia
7.0
Good
807 reviews
Air France
7.6
Good
274 reviews

Boarding

7.6

Food

7.0

Crew

8.3

Overall

7.6

Comfort

7.4

Entertainment

7.2

Reviews

1 / 10

Making us check our bags at the gate then finding out there was plenty of space on the plane was annoying. Otherwise a smooth flight that was only delayed by an hour on the first leg and another hour on the second leg due to technical problems. Nice bathrooms for an airplane and nice to set out a self serve station for beverages between service.

Air Europa
6.9
Okay
117 reviews
Air France
7.6
Good
274 reviews

Boarding

7.6

Food

7.0

Crew

8.3

Overall

7.6

Comfort

7.4

Entertainment

7.2

Reviews

1 / 10

Making us check our bags at the gate then finding out there was plenty of space on the plane was annoying. Otherwise a smooth flight that was only delayed by an hour on the first leg and another hour on the second leg due to technical problems. Nice bathrooms for an airplane and nice to set out a self serve station for beverages between service.

Related info for your journey

Useful info, stats and facts about Panama City to Madrid flights.

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

Madrid Barajas is the airport most travelers will use when flying to Madrid from Panama City Tocumen Intl. Booking flights from Tocumen Intl (PTY) to Barajas (MAD) should be relatively easy as there are 5 daily flights to Madrid from 7 different airlines. 9h 35m is how long a flight from Panama City to Madrid Barajas will take if you book a nonstop flight.

Can I find flights from Panama City to Madrid for under $700 on Cheapflights?

Yes, there are multiple flights from Panama City to Madrid for under $700. The cheapest flight booked recently is on Air Europa for just $657, but on average you can expect to pay $693.

Are there nonstop flights from Panama City to Madrid for under $700 on Cheapflights?

Cheapflights has at least 20 direct flights from Panama City to Madrid under $700. A good price for a nonstop flight from Panama City to Madrid is less than $704.

Are there last-minute flights available from Panama City to Madrid for under $700?

There are currently 20+ open flights from Panama City to Madrid within the next 7 days for less than $700.

What days are nonstop flights available from Panama City to Madrid?

Days when nonstop flights are available for this flight are: Friday.

How popular is this Panama City to Madrid flight route?

How many flights depart from Panama City to Madrid on average per day?

On average, you can expect to see 1 flight from Panama City to Madrid a day.
Afternoon (Noon - 6pm) - 100% of flight departures

How long is the flight from Panama City to Madrid?

A quick flight from Panama City to Madrid can take about 9h 35m. Air Europa provides one of the quickest options available for as low as $657. The distance between Panama City and Madrid is about 5097 mi. This flight may include one or multiple stops.

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

Air Europa, at $657, was found to be the cheapest airline from Panama City to Madrid.Alternate airlines to your destination round-trip include Iberia and United Airlines. Air Europa is 22% cheaper than the average price of flights available within the next 90 days to this destination.

What are the cheapest airlines to fly from Panama City to Madrid one-way?

One-way options have recently been found by users for as low as $406 on Air Europa. Other airlines that offer cheap prices include Avianca from $424 and Iberia from $437 one-way.

What are the most popular airlines that fly from Panama City to Madrid?

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

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 Panama City to Madrid on time: Qatar Airways (87%), Iberia (87%), EL AL (87%).

What are the cheapest flights from Panama City to Madrid?

Looking for the cheapest flight from Panama City to Madrid? While on average our users pay $792, our data indicates the cheapest price to be $522. The most popular route (Panama City Tocumen Intl - Madrid Barajas), is priced around $657.

What does PTY to MAD mean?

PTY stands for Panama City Tocumen Intl Airport, while MAD stands for Madrid Barajas Airport. These codes are often called IATA codes, a set of identifiers established by IATA (International Air Transport Association) that is widely used by airlines and the aviation industry.

Top 7 airlines flying from Panama City to Madrid

The chart below displays the airlines Cheapflights users traveling from Panama City to Madrid choose most often. Cheapest and average prices are based on aggregated data from the past 12 months.
AirlineCheapestAverageFlexibilityOn-time
Air FranceCheapest$639Average$840FlexibilityNo cancel feeOn-time77%
Search Air France flights
Air EuropaCheapest$652Average$792FlexibilityNo cancel feeOn-time83%
Search Air Europa flights
IberiaCheapest$669Average$832FlexibilityNo cancel feeOn-time77%
Search Iberia flights
KLMCheapest$688Average$831FlexibilityNo cancel feeOn-time75%
Search KLM flights
United AirlinesCheapest$713Average$812FlexibilityNo cancel feeOn-time69%
Search United Airlines flights
British AirwaysCheapest$736Average$903FlexibilityNo cancel feeOn-time70%
Search British Airways flights
AviancaCheapest$830Average$1,217FlexibilityNo cancel feeOn-time71%
Search Avianca flights

Hourly flight availability from Panama City to Madrid

See what time of day planes typically take off from Panama City to Madrid
1%of flight departuresEarly morningMidnight to 6 am
0%of flight departuresMorning6 am to noon
66%of flight departuresAfternoonNoon to 6 pm
33%of flight departuresEvening6 pm to midnight
Midnight
6 AM
Noon
6 PM

Weekly flight availability from Panama City to Madrid

See how many times per day planes take to the skies headed from Panama City to Madrid
Sunday7daily flights
Monday5daily flights
Tuesday5daily flights
Wednesday7daily flights
Thursday7daily flights
Friday7daily flights
Saturday0daily flights

Fly with Cheapflights

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

When you search for this flight from Panama City to Madrid, Cheapflights searches on 900+ travel sites to save you time finding great flight deals online. Additionally, we offer filter features so you can choose a preferred cabin class or airline, see different price ranges, and much more so you can book the flight for you.

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

By finding flights from multiple airlines and providers at completely no cost, Cheapflights helps millions of users like you annually find the best flights to Madrid from Panama City.

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

Users can book flights with no change fees policies with our dedicated filters. Book flights from Panama City to Madrid flexibly with Cheapflights today.

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Of course! You can now track prices for flights from Panama City to Madrid and get an alert from Cheapflights when they change. Have a valid email address ready and make a flight search when you’re ready to set up your price alert.

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