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

Return flights

27 Aug - 03 Sep	Avianca
21 Aug - 28 Aug	Avianca
12 Aug - 27 Aug	Avianca
20 Aug - 27 Aug	Avianca
22 Aug - 29 Aug	Avianca
19 Aug - 22 Aug	Avianca
17 Aug - 24 Aug	Avianca
10 Aug - 20 Aug	Avianca
17 Aug - 23 Aug	Avianca
20 Aug - 24 Aug	Avianca
27 Aug - 30 Aug	Avianca
29 Aug - 02 Sep	Avianca
29 Aug - 01 Sep	Avianca
14 Aug - 01 Sep	Avianca
29 Aug - 02 Sep	Copa	direct
27 Aug - 03 Sep	Copa	direct
29 Aug - 01 Sep	Copa	direct
14 Aug - 01 Sep	Copa	direct

Also check the deals for one-way flights from Toronto to Panama City in August.

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 August from $496

Return flights