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

Return flights

02 Dec - 17 Dec	Copa	direct
02 Dec - 09 Dec	Copa	direct
24 Dec - 31 Dec	Avianca
31 Dec - 07 Jan	Delta
19 Dec - 27 Dec	Avianca
31 Dec - 04 Jan	WestJet
19 Dec - 03 Jan	WestJet
31 Dec - 07 Jan	Copa	direct
31 Dec - 04 Jan	Copa	direct
26 Dec - 04 Jan	Flair Airlines
12 Dec - 04 Jan	Avianca
24 Dec - 31 Dec	Copa	direct
26 Dec - 02 Jan	Copa	direct
12 Dec - 04 Jan	Copa	direct
26 Dec - 04 Jan	Copa	direct
19 Dec - 27 Dec	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 402€

Return flights