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

Return flights

22 Aug - 29 Aug	Iberia	direct
20 Aug - 03 Sep	Iberia	direct
25 Aug - 05 Sep	Iberia	direct
17 Aug - 29 Aug	KLM
08 Aug - 29 Aug	Iberia	direct
04 Aug - 22 Aug	Iberia	direct
01 Aug - 20 Aug	Iberia	direct
01 Aug - 13 Aug	Iberia	direct
01 Aug - 15 Aug	Iberia	direct
08 Aug - 22 Aug	Iberia	direct
19 Aug - 31 Aug	KLM
26 Aug - 30 Aug	Air Europa	direct

Also check the deals for one-way flights from Madrid 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.

Book a cheap hotel in Panama City

Cheap car rent in Panama City

Cheapest return flights from Madrid to Panama City in August from 696€

Return flights