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

Return flights

01 Jan - 15 Jan	Avianca
18 Jan - 27 Jan	Avianca
20 Jan - 16 Feb	Avianca
15 Jan - 24 Jan	Avianca
10 Jan - 18 Jan	Avianca
08 Jan - 24 Jan	Avianca
08 Jan - 14 Jan	Avianca
10 Jan - 30 Jan	Avianca
08 Jan - 28 Jan	Avianca
09 Jan - 18 Jan	Avianca
24 Jan - 27 Jan	Avianca
27 Jan - 01 Feb	Avianca
26 Jan - 10 Feb	Avianca
20 Jan - 03 Feb	Avianca
27 Jan - 01 Feb	Copa	direct
26 Jan - 10 Feb	Copa	direct
20 Jan - 03 Feb	Copa	direct
20 Jan - 16 Feb	Copa	direct

Also check the deals for one-way flights from Lima 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 Lima to Panama City in January from 403€

Return flights