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

Return flights

03 Feb - 15 Feb	Air Europa
01 Feb - 15 Feb	Air Europa
17 Feb - 24 Feb	United
17 Feb - 02 Mar	United
26 Feb - 19 Mar	United
01 Feb - 18 Feb	Air Europa
02 Feb - 12 Feb	Air Europa
09 Feb - 14 Feb	Air Europa
15 Feb - 05 Mar	United
15 Feb - 07 Mar	Air Europa
15 Feb - 06 Mar	Air Europa
13 Feb - 20 Mar	Air Europa
13 Feb - 29 Mar	Air Europa
07 Feb - 27 Feb	Lufthansa
07 Feb - 15 Feb	Lufthansa
06 Feb - 18 Feb	Air Europa
13 Feb - 20 Feb	Air Europa
26 Feb - 13 Mar	United
14 Feb - 10 Mar	Air Europa

Also check the deals for one-way flights from Munich to Panama City in February.

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 February from $643

Return flights