AirHint found the following cheapest return flights from Managua (MGA) to Panama City (PTY) in July 2025 (see full year).

Return flights

17 Jul - 30 Jul	Copa
03 Jul - 17 Jul	Copa
02 Jul - 17 Jul	Avianca
05 Jul - 10 Jul	Avianca
19 Jul - 02 Aug	Avianca
19 Jul - 05 Aug	Avianca
03 Jul - 18 Jul	Avianca
03 Jul - 24 Jul	Avianca
17 Jul - 30 Jul	Copa	direct
14 Jul - 31 Jul	Copa	direct
06 Jul - 07 Jul	Avianca
19 Jul - 02 Aug	Copa	direct
19 Jul - 05 Aug	Copa	direct
07 Jul - 14 Jul	Copa	direct
06 Jul - 10 Aug	Copa	direct

Also check the deals for one-way flights from Managua to Panama City in July.

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 July from $337

Return flights