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

Return flights

24 Aug - 14 Sep	Air Europa	direct
30 Aug - 13 Sep	Air Europa	direct
25 Aug - 13 Sep	Air Europa	direct
24 Aug - 12 Sep	Air Europa	direct
15 Aug - 22 Aug	Air France
15 Aug - 22 Aug	Air Europa	direct
01 Aug - 15 Aug	Avianca
01 Aug - 15 Aug	Air Europa	direct
24 Aug - 08 Sep	Air France

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

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 August from 744€

Return flights