₪1,254 Find Cheap Flights from Madrid to Panama City - Compare and Save

Among airlines operating Madrid to Panama City flights:

• Air Europa: offers extra legroom; offers free seat selection
• Iberia: offers free seat selection
• Copa Airlines: offers free seat selection

Extra legroom and free seat selection availability depends on fare class and route.

2 airlines operate flights between Madrid and Panama City. The airlines offering direct flights on this route include:

• Air Europa
• Iberia

Flights from Madrid to Panama City usually depart from Madrid Barajas (MAD) and arrive at Panama City Tocumen Intl (PTY).

Here are some options for this route, based on selected ticket types and cabin classes:

• Air Europa: a cabin bag and a checked bag in Economy Class
• Iberia: a cabin bag and a checked bag in Economy Class
• Copa Airlines: a cabin bag and a checked bag in Economy Class

Bag allowance can vary by ticket type, cabin class, route and airline, so travelers should check the fare details before booking.

Only Economy Class is available on flights from Madrid to Panama City.

On this route, layover flights are cheaper than direct options on average. Layover fares average ₪2,327 round-trip via Atlanta Hartsfield-Jackson (ATL), compared to ₪2,646 for direct flights.

There is no standard. Checked-bag policies vary by airline on this route. Most carriers charge ₪203–₪303 for the first checked bag in economy. Premium fares and elite-status bookings typically include a free checked bag.

The Boeing 787-9 Dreamliner family is used most often on this route, operated mainly by Air Europa. Other aircraft seen on the route include Airbus A330-200 variants.

One-stop flights from Madrid to Panama City most commonly connect through:

• Bogotá El Dorado (BOG) - 67% of one-stop connections
• Paris Charles de Gaulle (CDG) - 8% of one-stop connections
• Istanbul (IST) - 7% of one-stop connections
• Newark (EWR) - 5% of one-stop connections

Bogotá El Dorado (BOG) handles the largest share of one-stop connections on this route.

Yes. Being flexible with your travel dates can save you up to 16% on the Madrid to Panama City route. Thursday is the cheapest departure day at ₪2,522 round-trip on average, while Saturday is the most expensive at ₪2,978, a difference of ₪455. KAYAK's flexible dates feature shows options up to 3 days before and after your selected dates, making it easier to compare nearby fares.

A flight is considered delayed when it departs 15 minutes or more after its scheduled time. This is the standard used by the US Department of Transportation and most airline industry reporting. On the Madrid to Panama City route, 26% of flights were delayed in the past 3 months, with delays averaging 2 hours 24 minutes.

Afternoon is the busiest departure period on Madrid to Panama City flights, with 100% of flights leaving in that window. Morning departures account for 0%, evening flights for 0%, and night flights for 0%.

These are the earliest and latest flight times available from Madrid to Panama City:

• Earliest: departs at 12:00 and lands at 22:41
• Latest: departs at 15:55 and lands at 02:36.

The flight takes about 10h 41m.

Last-minute fares on this route - booked within 2 weeks of departure - run 15% above the route average of ₪2,727. Book 17 weeks before departure for the lowest fares.

A nonstop flight from Madrid to Panama City takes 10h 41m, covering 13,118 km.

Yes, a valid passport is required for this international route. Many destinations require at least six months of validity beyond your travel dates. Check your passport expiry well before booking.

Yes. Based on fares seen in the past 5 days, round-trip prices on this route showed a wide range, from about ₪2,058 to ₪18,653. That means the highest observed fare was about 9x higher than the lowest one.

One-way fares from Madrid to Panama City are currently in line with typical prices for this route. Average one-way fares are about ₪1,797.

Evening flights have the fewest delays on this route. Delays tend to pile up throughout the day as one late flight pushes the next, so earlier departures are usually more reliable.

Flying via Bogotá El Dorado (BOG) gives the shortest average 1-stop total travel time at 14h 27m, compared with 15h 24m via Paris Charles de Gaulle (CDG) and 16h 00m via San José Juan Santamaria Intl (SJO).

Panama City is 7 hours behind Madrid (Eastern Time vs Central European Time). Plan for the time shift when scheduling connections or first-day activities.

Panama City Tocumen Intl Airport (PTY) hosts 5 major car rental companies, with daily rates starting from around ₪3 for economy cars. Top options include:
• Avis
• Europcar
• Ace
• Budget
• Hertz

Round-trip flights from Madrid to Panama City range from ₪2,296 to ₪3,396, with an average of ₪2,727 over the past 12 months. Anything below ₪2,296 counts as a good deal.

Two airlines offer in-flight Wi-Fi on Madrid to Panama City flights:

• • Iberia
• • Copa Airlines