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

Return flights

08 Dec - 15 Dec	United
03 Dec - 10 Dec	United
04 Dec - 11 Dec	United
07 Dec - 14 Dec	United
14 Dec - 21 Dec	United
05 Dec - 10 Dec	United
15 Dec - 22 Dec	United
01 Dec - 04 Dec	Avianca
01 Dec - 22 Dec	Avianca
08 Dec - 15 Dec	Copa	direct
31 Dec - 06 Jan	Copa	direct
25 Dec - 06 Jan	Copa	direct
24 Dec - 11 Jan	Copa	direct
25 Dec - 07 Jan	Porter Airlines (Canada) Ltd
22 Dec - 09 Jan	Copa	direct
23 Dec - 04 Jan	Porter Airlines (Canada) Ltd
25 Dec - 04 Jan	Porter Airlines (Canada) Ltd
25 Dec - 04 Jan	Copa	direct
22 Dec - 03 Jan	WestJet
23 Dec - 04 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 455€

Return flights