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

Return flights

01 Dec - 15 Dec	Condor
04 Dec - 22 Dec	Condor
05 Dec - 22 Dec	Air Europa
12 Dec - 08 Jan	United
24 Dec - 28 Dec	Air France
29 Dec - 13 Jan	United
30 Dec - 13 Jan	Turkish Airlines
31 Dec - 05 Jan	Turkish Airlines
11 Dec - 20 Dec	Turkish Airlines
12 Dec - 20 Dec	Turkish Airlines
30 Dec - 05 Jan	Turkish Airlines
11 Dec - 21 Dec	Air France
30 Dec - 03 Jan	Turkish Airlines
13 Dec - 28 Dec	United
13 Dec - 29 Dec	Turkish Airlines
26 Dec - 29 Dec	Turkish Airlines
26 Dec - 16 Jan	United
14 Dec - 09 Jan	United
24 Dec - 08 Jan	United
15 Dec - 10 Jan	Turkish Airlines

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 530€

Return flights