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

Return flights

01 May - 17 May	Air Europa
01 May - 15 May	Air Europa
09 May - 24 May	Air Europa
02 May - 09 May	Air Europa
16 May - 23 May	Air Europa
23 May - 06 Jun	Air France
14 May - 31 May	Air France
22 May - 06 Jun	United

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

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 May from $632

Return flights