AirHint found the following cheapest return flights from Madrid (MAD) to Managua (MGA) in January 2026 (see full year).

Return flights

10 Jan - 30 Jan	Ryanair
10 Jan - 25 Jan	Ryanair
25 Jan - 25 Feb	Ryanair
30 Jan - 05 Feb	Ryanair
11 Jan - 26 Jan	Ryanair
10 Jan - 26 Jan	Ryanair
10 Jan - 10 Feb	Ryanair
16 Jan - 30 Jan	TAP
12 Jan - 25 Jan	Iberia
16 Jan - 28 Jan	Iberia
09 Jan - 30 Jan	Ryanair
14 Jan - 10 Feb	TAP
13 Jan - 10 Feb	TAP
30 Jan - 07 Feb	Ryanair
15 Jan - 15 Feb	TAP
11 Jan - 12 Feb	Ryanair
18 Jan - 15 Feb	TAP
13 Jan - 27 Jan	TAP
16 Jan - 06 Feb	Iberia
09 Jan - 20 Jan	Ryanair

Also check the deals for one-way flights from Madrid to Managua in January.

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 Madrid to Managua in January from $725

Return flights