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

Return flights

05 Feb - 18 Feb	Air France
03 Feb - 16 Feb	Air France
04 Feb - 18 Feb	KLM
09 Feb - 18 Feb	KLM
08 Feb - 22 Feb	KLM
19 Feb - 05 Mar	Air France
19 Feb - 02 Mar	Air Europa	direct
19 Feb - 05 Mar	Air Europa	direct
07 Feb - 23 Feb	KLM
02 Feb - 18 Feb	KLM
08 Feb - 20 Feb	Avianca
01 Feb - 12 Feb	Avianca
16 Feb - 22 Feb	Avianca
20 Feb - 01 Mar	Avianca
22 Feb - 08 Mar	Avianca
26 Feb - 26 Mar	Avianca
10 Feb - 03 Mar	Avianca
08 Feb - 22 Mar	Avianca
13 Feb - 23 Mar	Avianca
28 Feb - 13 Mar	Avianca

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

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 Panama City to Madrid in February from 582€

Return flights