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

Return flights

22 Jan - 25 Jan	Copa
22 Jan - 25 Jan	Copa	direct
23 Jan - 30 Jan	Copa	direct
16 Jan - 26 Jan	Copa
18 Jan - 14 Feb	Copa	direct
28 Jan - 10 Feb	Copa	direct
18 Jan - 15 Feb	Copa
15 Jan - 10 Feb	Avianca
25 Jan - 31 Jan	Copa	direct
18 Jan - 01 Feb	Copa
15 Jan - 27 Feb	Copa	direct
15 Jan - 10 Feb	Copa	direct
13 Jan - 13 Feb	Copa
10 Jan - 10 Feb	Copa	direct
14 Jan - 18 Jan	Copa	direct
15 Jan - 31 Jan	Copa	direct
02 Jan - 23 Jan	Copa
02 Jan - 04 Jan	Copa	direct
04 Jan - 31 Jan	Copa	direct

Also check the deals for one-way flights from Managua to Panama City 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 Managua to Panama City in January from $346

Return flights