AirHint found the following cheapest return flights from Monterrey (MTY) to Panama City (PTY) in December 2025 (see full year).

Return flights

24 Dec - 28 Dec	Copa	direct
29 Dec - 08 Jan	Aeromexico
28 Dec - 08 Jan	Aeromexico
15 Dec - 19 Dec	Viva
26 Dec - 01 Jan	Volaris
29 Dec - 08 Jan	Copa	direct
28 Dec - 08 Jan	Copa	direct
16 Dec - 30 Dec	Viva
27 Dec - 30 Dec	Viva
28 Dec - 30 Dec	Viva
23 Dec - 30 Dec	Viva
16 Dec - 25 Dec	Viva
23 Dec - 25 Dec	Viva
27 Dec - 08 Jan	Viva
23 Dec - 08 Jan	Viva
26 Dec - 01 Jan	Copa	direct
16 Dec - 17 Dec	Copa	direct
17 Dec - 18 Dec	Copa	direct

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

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 Monterrey to Panama City in December from $347

Return flights