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

Return flights

03 Dec - 21 Jan	Delta
02 Dec - 07 Dec	Delta
12 Dec - 21 Dec	United
02 Dec - 07 Dec	Copa	direct
25 Dec - 30 Dec	United
29 Dec - 12 Jan	Avianca
25 Dec - 30 Dec	Copa	direct
12 Dec - 21 Dec	Copa	direct
31 Dec - 04 Jan	WestJet
19 Dec - 11 Jan	WestJet
29 Dec - 12 Jan	Copa	direct
20 Dec - 11 Jan	WestJet
20 Dec - 10 Jan	WestJet
26 Dec - 02 Jan	United
31 Dec - 04 Jan	Copa	direct
11 Dec - 11 Jan	Copa	direct

Also check the deals for one-way flights from Toronto 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 Toronto to Panama City in December from 444€

Return flights