AirHint found the following cheapest return flights from Madrid (MAD) to Panama City (PTY) in March 2026 (see full year).

Return flights

07 Mar - 14 Mar	Avianca
06 Mar - 15 Mar	Avianca
07 Mar - 15 Mar	Avianca
01 Mar - 13 Mar	Avianca
02 Mar - 09 Mar	Avianca
02 Mar - 09 Mar	Iberia	direct
21 Mar - 04 Apr	Iberia	direct
06 Mar - 15 Mar	Air Europa	direct
07 Mar - 15 Mar	Air Europa	direct
17 Mar - 22 Mar	Air Europa	direct
05 Mar - 17 Mar	Air Europa	direct
28 Mar - 05 Apr	KLM
29 Mar - 05 Apr	KLM
30 Mar - 05 Apr	KLM
26 Mar - 05 Apr	KLM
27 Mar - 07 Apr	Air France
28 Mar - 07 Apr	KLM
27 Mar - 06 Apr	Air France
28 Mar - 06 Apr	KLM
28 Mar - 07 Apr	Iberia	direct

Also check the deals for one-way flights from Madrid to Panama City in March.

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 Madrid to Panama City in March from 561€

Return flights