AirHint found the following cheapest return flights from Panama City (PTY) to Madrid (MAD) in July 2025 (see full year).

Return flights

18 Jul - 24 Aug	KLM
22 Jul - 26 Aug	Air France
22 Jul - 26 Aug	Air Europa	direct
05 Jul - 12 Jul	KLM
04 Jul - 12 Jul	Air France
06 Jul - 20 Aug	Air Europa	direct
10 Jul - 18 Jul	Air France
04 Jul - 18 Jul	Air France
27 Jul - 13 Aug	Air France
26 Jul - 13 Aug	Air France
24 Jul - 14 Aug	Iberia	direct
27 Jul - 11 Aug	Air France
25 Jul - 16 Aug	Avianca
30 Jul - 16 Aug	Avianca
16 Jul - 26 Jul	KLM
04 Jul - 11 Jul	Copa
12 Jul - 25 Jul	KLM
14 Jul - 19 Jul	Air France
13 Jul - 19 Jul	Air France
07 Jul - 19 Jul	Air France

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

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 July from 600€

Return flights