ExceptionalNonstop · 2h
MAD to RAKMorocco
Marrakech
$36
usually $95
−62%
Most monthly lows $58–$101. Cheaper than every other month on record (7).
Flights · MAD → PTY
Madrid to Panama City
Best fare, round trip
$654
−20%
below its usual $820
you keep $166
GoodFound
- Depart
- Mon 25 Jan
- Return
- Sat 13 Feb
- Stay
- 19 nights
- Flight
- 1 stop · 12h
- Airline
Avianca
Most of this route’s monthly lows fall between $687 and $1,034. The drop beats 55% of measured fares on the board, over 6 observed months.
Cached fare — the booking search re-prices live before you pay.
PanamaPanama CitySkyline on one side, colonial casco on the other, and Copa’s hub making Latin America cheap to reach.Best windowDec–AprAirportsTocumen (PTY)Every route into Panama CityFare seasonality
When this route gets cheap.
Fares bottom out in January around $654 and peak in December near $1,218, 86% dearer, across the 6 months we track. The cheapest itinerary we are tracking makes one stop and takes about 12 hours outbound, on a 19-night trip — ticketed under Avianca, which on a connecting fare need not operate every leg. At $654 for 8,162 km each way, that works out to about $40 per 1,000 km flown. That is below the $44 per 1,000 km typical of long-haul fares here. Of the 16 departure cities we track at a similar distance from Panama City, this is the cheapest right now — 14% under the next one, Milan. That puts it in the cheaper half of the 30 routes of similar length we watch out of Madrid, where the middle fare is $669. The best time to be in Panama City: Dec–Apr.
Day-level prices for the next 4 months
Press a day to compare its fares
The median cached fare across this calendar is 3% lower than when tracking began on 8 Aug — $991 then versus $961 now, across 17 recorded snapshots. This is a calendar-level trend, so an individual deal above can be lower. The lowest single day we have seen here is $596, on 17 Nov.
Cached day-level data for this route is sparse — 12 of 111 days priced, from 57 tracked fares. The days below are shown as found, with no cheapest-day or below-median call.
October 2026
November 2026
1234Thursday 5 November: $957. Compare fares from this day.678910Wednesday 11 November: $961. Compare fares from this day.1213141516Tuesday 17 November: $841. Compare fares from this day.1819Friday 20 November: $878. Compare fares from this day.212223242526Friday 27 November: $1k. Compare fares from this day.282930
December 2026
12345678910111213141516171819202122232425Saturday 26 December: $1.6k. Compare fares from this day.272829Wednesday 30 December: $1.2k. Compare fares from this day.31
January 2027
1234567891011121314Friday 15 January: $844. Compare fares from this day.Saturday 16 January: $855. Compare fares from this day.1718192021222324Monday 25 January: $654. Compare fares from this day.262728293031
Cached fares · checked 13 Oct 2026
Cheapest in Jan, around $654
20% below the $820 typical fare
$1034Oct, above the usual price. Compare October fares.$820Nov, around the usual price. Compare November fares.$1218Dec, above the usual price. Compare December fares.$654Jan ’27, the cheapest month. Compare January fares.$692Feb, below the usual price. Compare February fares.$687Mar, below the usual price. Compare March fares.
CheapestBelow usualUsualAbove usualPress a month to compare its fares
Cheapest round-trip fare found each month, Madrid to Panama City, from cached prices.
Route facts
- Airports
- Barajas (MAD) ↔ Tocumen (PTY)
- Flight time
- ≈12 hours outbound
- Distance
- ≈8,162 km each way
- Typical price
- $820 round-trip (seasonal median)
- Airlines on the board
- Avianca
- Itineraries
- Connections on current fares
- Best months to visit
- Dec–Apr
Good to know
MAD → PTY, answered.
Is $654 a good price for Madrid to Panama City?
Yes — the seasonal median for this route is around $820 round-trip. At $654 you're 20% below that, which we rate good for this route.
What is the cheapest month to fly from Madrid to Panama City?
Across 6 months of cached-fare history, Jan comes out cheapest on this route. The best months to actually be in Panama City are Dec–Apr — when those overlap, that's your window.
How far in advance should I book MAD → Panama City?
We do not publish a number for this, because we cannot measure it yet. Answering it honestly means watching the same departure date on this route over many weeks as it approaches, and that archive is still filling up — so any "book N days ahead" figure here would be borrowed from somewhere else rather than measured. What we can measure is which month is cheap: across 6 months of cached fares, Jan comes out lowest on this route. Our guide Why flight prices change covers what does move a fare.
Are there nonstop flights from Madrid to Panama City?
The current cheapest fares involve a connection, ticketed under Avianca. We hold no nonstop fare on this route right now, which does not mean none flies — search your exact dates to see what does.
Are these prices guaranteed?
No — these are cached fares found on real searches (this one on 17 October). Airlines reprice constantly, so the booking search re-checks the live price before you pay. Fresher finds are far more likely to still be available.
Next step
Sleeping in Panama City?
Lock the flight first — then compare stays for 25 Jan '27 – 13 Feb '27 · 19 nights.
Browse hotelsMissed it?
Cached fares expire. This route has a feed of its own — follow it and the next MAD → PTY drop reaches you as soon as we find it.
Follow this route’s feedKeep browsing
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