Cheapest return flights from Panama City to Madrid in January from 653€

Best time to book flights for Panama City (PTY) to Madrid (MAD) flights at AirHint

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

Return flights

21 Jan - 31 Jan Iberia direct
02 Jan - 28 Feb Iberia
02 Jan - 25 Jan Turkish Airlines
01 Jan - 28 Feb Turkish Airlines
05 Jan - 19 Jan Turkish Airlines
01 Jan - 13 Jan Turkish Airlines
01 Jan - 15 Jan Air France
01 Jan - 28 Feb Air Europa direct
02 Jan - 25 Jan Air Europa direct
02 Jan - 28 Feb Air Europa direct
01 Jan - 15 Jan Air Europa direct
01 Jan - 13 Jan Air Europa direct
03 Jan - 13 Jan KLM

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

Skyscanner

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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