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

Return flights

29 Jan - 11 Feb	Air Europa
27 Jan - 24 Feb	Air Europa
27 Jan - 09 Feb	Air Europa
22 Jan - 09 Feb	Air Europa
23 Jan - 01 Feb	Air Europa
28 Jan - 12 Feb	Air Europa
24 Jan - 31 Jan	Air Europa
23 Jan - 06 Feb	Air Europa
12 Jan - 26 Jan	United
09 Jan - 27 Jan	United
13 Jan - 27 Jan	United
31 Jan - 10 Feb	Lufthansa
12 Jan - 31 Jan	United
31 Jan - 12 Feb	Lufthansa
09 Jan - 31 Jan	United
16 Jan - 30 Jan	United
11 Jan - 27 Jan	Lufthansa
07 Jan - 27 Jan	United
09 Jan - 18 Jan	United
01 Jan - 26 Feb	Air Europa

Also check the deals for one-way flights from Munich 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 Munich to Panama City in January from $632

Return flights