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

Return flights

15 Feb - 26 Feb	Avianca
07 Feb - 25 Feb	Avianca
04 Feb - 17 Feb	Avianca
03 Feb - 08 Feb	Avianca
04 Feb - 18 Feb	Avianca
01 Feb - 17 Feb	Avianca
19 Feb - 05 Mar	Air France
04 Feb - 17 Feb	Air Europa	direct
09 Feb - 23 Feb	Air Europa	direct
03 Feb - 08 Feb	Air Europa	direct
13 Feb - 21 Feb	Avianca
10 Feb - 03 Mar	Avianca
23 Feb - 25 Mar	Iberia	direct
25 Feb - 25 Mar	Iberia	direct
23 Feb - 29 Mar	Iberia	direct
23 Feb - 27 Mar	Turkish Airlines
24 Feb - 25 Mar	Avianca
23 Feb - 13 Mar	Avianca
24 Feb - 27 Mar	Turkish Airlines
23 Feb - 26 Mar	Turkish Airlines

Also check the deals for one-way flights from Panama City to Madrid 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 Panama City to Madrid in February from $675

Return flights