Cheapest return flights from Madrid to Panama City in December from $795

AirHint found the following cheapest return flights from Madrid (MAD) to Panama City (PTY) in December 2026 (see full year).

Return flights

16 Dec - 30 Dec Iberia direct
04 Dec - 13 Dec Avianca
04 Dec - 12 Dec Avianca
05 Dec - 12 Dec Avianca
05 Dec - 19 Dec Avianca
02 Dec - 12 Dec Avianca
30 Dec - 19 Jan Avianca
14 Dec - 21 Dec Iberia direct
14 Dec - 23 Dec Iberia direct
19 Dec - 20 Jan Iberia direct
26 Dec - 07 Jan Avianca
15 Dec - 30 Dec Air Europa direct
26 Dec - 04 Jan Avianca
02 Dec - 12 Dec Iberia direct
12 Dec - 02 Jan Iberia direct
01 Dec - 04 Jan Avianca
28 Dec - 04 Jan Avianca
29 Dec - 04 Jan Avianca
28 Dec - 05 Jan Avianca
28 Dec - 06 Jan Avianca

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

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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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