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

Return flights

01 Dec - 15 Dec	Condor
04 Dec - 22 Dec	Condor
05 Dec - 22 Dec	Air Europa
12 Dec - 08 Jan	United
24 Dec - 28 Dec	Air France
26 Dec - 27 Dec	Lufthansa
30 Dec - 13 Jan	Lufthansa
29 Dec - 13 Jan	United
13 Dec - 20 Dec	Turkish Airlines
31 Dec - 05 Jan	Turkish Airlines
11 Dec - 20 Dec	Turkish Airlines
12 Dec - 20 Dec	Turkish Airlines
30 Dec - 05 Jan	Turkish Airlines
11 Dec - 21 Dec	Air France
23 Dec - 28 Dec	Lufthansa
30 Dec - 03 Jan	Turkish Airlines
27 Dec - 10 Jan	Lufthansa
26 Dec - 16 Jan	United
17 Dec - 10 Jan	Lufthansa
14 Dec - 09 Jan	United

Also check the deals for one-way flights from Munich 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.

Book a cheap hotel in Panama City

Cheap car rent in Panama City

Cheapest return flights from Munich to Panama City in December from $628

Return flights