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

Return flights

29 Jan - 02 Feb	Avianca
14 Jan - 02 Feb	Avianca
17 Jan - 02 Feb	Avianca
14 Jan - 01 Feb	Avianca
25 Jan - 29 Jan	Avianca
24 Jan - 31 Jan	United
16 Jan - 02 Feb	Avianca
29 Jan - 02 Feb	Copa	direct
25 Jan - 25 Jan	Copa	direct
10 Jan - 29 Jan	United
01 Jan - 29 Jan	United
15 Jan - 02 Feb	Avianca
24 Jan - 31 Jan	Copa	direct
10 Jan - 19 Jan	Avianca
19 Jan - 26 Jan	Copa	direct
03 Jan - 31 Jan	Avianca
09 Jan - 16 Jan	Flair Airlines
14 Jan - 02 Feb	Copa	direct
15 Jan - 02 Feb	Copa	direct
15 Jan - 01 Feb	Copa	direct

Also check the deals for one-way flights from Toronto 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 Toronto to Panama City in January from $449

Return flights