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

Return flights

13 Dec - 18 Dec	United
12 Dec - 18 Dec	United
14 Dec - 18 Dec	United
15 Dec - 15 Jan	United
14 Dec - 13 Jan	United
15 Dec - 13 Jan	United
30 Dec - 20 Jan	Flair Airlines
16 Dec - 21 Dec	United
14 Dec - 14 Jan	United
08 Dec - 15 Dec	WestJet
06 Dec - 12 Dec	Avianca
06 Dec - 11 Dec	Avianca
16 Dec - 13 Jan	Flair Airlines
09 Dec - 16 Dec	WestJet
16 Dec - 14 Jan	Flair Airlines
16 Dec - 12 Jan	Flair Airlines
24 Dec - 21 Jan	WestJet
10 Dec - 13 Dec	Porter Airlines (Canada) Ltd
30 Dec - 10 Jan	Flair Airlines
12 Dec - 18 Dec	Copa	direct

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

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Cheapest return flights from Toronto to Panama City in December from $529

Return flights