AirHint found the following cheapest return flights from Hamburg (HAM) to Panama City (PTY) in December 2025 (see full year).

Return flights

08 Dec - 31 Dec	KLM
31 Dec - 26 Jan	Iberia
05 Dec - 09 Dec	Lufthansa
31 Dec - 24 Jan	Iberia
31 Dec - 21 Jan	Iberia
04 Dec - 09 Dec	Lufthansa
30 Dec - 22 Jan	Air France
31 Dec - 22 Jan	Ryanair
31 Dec - 25 Jan	Ryanair
08 Dec - 29 Jan	Eurowings
08 Dec - 15 Dec	Condor
06 Dec - 09 Dec	Air France
31 Dec - 23 Jan	Ryanair
25 Dec - 29 Dec	Condor
07 Dec - 09 Dec	Air France
01 Dec - 15 Dec	Condor
01 Dec - 04 Dec	Condor
02 Dec - 09 Dec	Eurowings
26 Dec - 10 Jan	LOT
23 Dec - 03 Jan	Air France

Also check the deals for one-way flights from Hamburg to Panama City in December.

The deals are updated regularly. The prices may go up as tickets are purchased by other travellers. Only the cheapest flights are offered. Select a price to book and secure these cheap prices.

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Cheapest return flights from Hamburg to Panama City in December from $966

Return flights