AirHint found the following cheapest return flights from Munich (MUC) to Panama City (PTY) in December 2025 (see full year).

Return flights

01 Dec - 22 Dec	Condor
04 Dec - 31 Dec	United
03 Dec - 13 Dec	Air Europa
06 Dec - 22 Dec	Turkish Airlines
04 Dec - 13 Dec	Air Europa
03 Dec - 17 Dec	Turkish Airlines
03 Dec - 20 Dec	Turkish Airlines
06 Dec - 20 Dec	Turkish Airlines
07 Dec - 16 Dec	Air Europa
05 Dec - 11 Jan	United
02 Dec - 05 Dec	Air Europa
26 Dec - 17 Jan	Lufthansa
25 Dec - 28 Jan	Lufthansa
26 Dec - 28 Jan	Lufthansa
25 Dec - 17 Jan	Lufthansa
24 Dec - 28 Jan	Lufthansa
12 Dec - 11 Jan	United
31 Dec - 18 Jan	United
31 Dec - 20 Jan	United
30 Dec - 18 Jan	United

Also check the deals for one-way flights from Munich to Panama City in December.

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 Munich to Panama City in December from 600€

Return flights