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

Return flights

19 Mar - 30 Mar	Avianca
31 Mar - 06 Apr	Avianca
30 Mar - 06 Apr	Avianca
05 Mar - 16 Apr	Avianca
31 Mar - 09 Apr	Avianca
30 Mar - 09 Apr	Avianca
16 Mar - 30 Mar	Avianca
12 Mar - 02 Apr	Avianca
31 Mar - 13 Apr	Avianca
21 Mar - 02 Apr	Avianca
17 Mar - 03 Apr	Avianca
19 Mar - 04 Apr	Avianca
26 Mar - 30 Mar	Avianca
23 Mar - 30 Mar	Avianca
19 Mar - 28 Mar	Avianca
12 Mar - 21 Mar	Avianca
08 Mar - 16 Mar	Avianca
02 Mar - 11 Mar	Avianca
16 Mar - 22 Mar	Avianca
08 Mar - 22 Mar	Avianca

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 586€

Return flights