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

Return flights

02 Mar - 23 Mar	Avianca
01 Mar - 11 Mar	Avianca
02 Mar - 14 Mar	Avianca
01 Mar - 15 Mar	Avianca
20 Mar - 23 Mar	Air Europa	direct
05 Mar - 10 Mar	Air Europa	direct
03 Mar - 17 Mar	Air Europa	direct
12 Mar - 19 Mar	Air Europa	direct
18 Mar - 23 Mar	Air Europa	direct
02 Mar - 23 Mar	Air Europa	direct
26 Mar - 08 Apr	Avianca
31 Mar - 14 Apr	Avianca
19 Mar - 12 Apr	Avianca
26 Mar - 10 Apr	Avianca
31 Mar - 09 Apr	Avianca
26 Mar - 04 Apr	Avianca
30 Mar - 11 Apr	Avianca
26 Mar - 05 Apr	Avianca
14 Mar - 06 Apr	Air Europa	direct
19 Mar - 06 Apr	Avianca

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

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 Panama City in March from $692

Return flights