C$450 Cheap Flights from Madrid to Panama City Tocumen International

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Flight deals from Madrid to Panama City Tocumen International

Looking for a cheap last-minute deal or the best round-trip flight from Madrid to Panama City Tocumen International? Find the lowest prices on one-way and round-trip tickets right here.

Find the cheapest month to fly from Madrid to Panama City Tocumen International

We’re always keeping an eye on fares, so you can find the best one in seconds. It looks like Madrid to Panama City Tocumen International flights are currently cheapest in April.

Direct flights from Madrid to Panama City Tocumen International

Madrid to Panama City Tocumen International: Alternative routes

Compare routes from Madrid to Panama City below. You may find an airport to fly into that's cheaper, faster, or easier than Panama City Tocumen International.

Madrid to Panama City: Flight information

The things to know before you go.
Cheapest flight foundC$450
Cheapest month to flyApril
Average flight time10 hrs, 53 mins
Most popular airlineCopa
Average flights per week55

Finding cheap flights from Madrid to Panama City Tocumen International: Frequently asked questions

The best price we found for a return flight from Madrid to Panama City Tocumen International is C$852. This is an estimate based on information collected from different airlines and travel providers over the last 4 days and is subject to change and availability.
10 hours and 53 minutes is the average flight time from Madrid to Panama City Tocumen International.
Copa, Etihad Airways and Air Europa fly direct from Madrid to Panama City Tocumen International.
As of February 2026, there are 55 flights per week flying from Madrid to Panama City Tocumen International.
The cheapest month to fly from Madrid to Panama City Tocumen International is usually May.
After crunching the numbers on our flight calendar, we found that it's currently cheapest to fly from Madrid Airport to Panama City Tocumen International Airport on Monday, May 4, 2026.
Yes – the average flight time is 10 hours and 53 minutes.
We show every price from over 1,200 airlines and travel agents, comparing them all so you don’t have to. If you know you want to fly to Panama City Tocumen International but you’re not ready to book, set up a Price Alert. We’ll track prices for you, and let you know when they rise or fall.
We crunched all the numbers in our flight calendar and it looks like the cheapest time to book a flight to Panama City is around 40 days in advance, so don’t leave your flight to the last minute.
Currently, Air Europa offers the cheapest flight tickets to Panama City Tocumen International.

Traveling from Adolfo Suarez Madrid-Barajas Airport (MAD) to Tocumen International Airport (PTY): what you need to know

  • 10 hours 44 minutes is the average length of a direct flight from Adolfo Suarez Madrid-Barajas Airport to Tocumen International Airport. Panama City is 6 hours behind Madrid and operates on the UTC-5 timezone.

  • Every week, there are 17 flights from Adolfo Suarez Madrid-Barajas Airport to Tocumen International Airport. If you prefer to take off as early as possible, go for the 11:45 Iberia flight. If you'd rather make the most of your time before flying, the last flight from MAD to PTY is 21:30 with Air Europa.

  • Traveling during a popular month like July? School holidays and other popular seasons can mean longer lines and delays at check-in and security. Play it safe and arrive up to four hours ahead of international flights and two hours before a domestic departure.

  • Iberia runs direct flights from Adolfo Suarez Madrid-Barajas Airport to Tocumen International Airport. Book with this popular carrier, then get ready to discover the sights in Panama City — plus maybe even more of Panama if time allows.

  • If you'd like to break up your flight from Adolfo Suarez Madrid-Barajas Airport to Tocumen International Airport, think about adding a stopover. Simply uncheck 'Direct flights only' and find a city that appeals to you. Popular stopovers on the MAD - PTY route are:

    • Simon Bolivar International Airport

    • El Dorado International Airport

    • Miami International Airport

  • To find out if you need a visa to enter Panama, contact your carrier and the local consulate or embassy. They'll provide you with the most up-to-date details, including additional documents you may need after booking your cheap ticket from MAD to PTY.

How to find the cheapest flights from Adolfo Suarez Madrid-Barajas Airport (MAD) to Tocumen International Airport (PTY)

  • The best price we've found for a one-way ticket from Adolfo Suarez Madrid-Barajas Airport to Tocumen International Airport is C$450. The cheapest price for a return flight is C$852. Keep in mind that fares can change due to demand at the time of booking.

  • Get cheap flight tickets from MAD to PTY by booking 8 months ahead. Based on our research, that's the sweet spot for bagging a bargain.

  • Organize your trip for April. That's the cheapest month for flight tickets from Adolfo Suarez Madrid-Barajas Airport to Tocumen International Airport. If your travel dates are flexible, try out the 'Whole month' tool to find the lowest airfare across every month.

  • Create a Price Alert for cheap flight tickets from MAD to PTY. You don't need to check back in every day to see if airfares have fallen. We'll notify you as soon as there's a change in price.

  • Use filters to tailor your flights from Adolfo Suarez Madrid-Barajas Airport to Tocumen International Airport. Enter your preferred arrival and departure times, airlines and number of stops. Alternatively, sort your results by 'Cheapest' to get the best deals.

Handy information about Adolfo Suarez Madrid-Barajas Airport (MAD)

  • Traveling from central Madrid to Adolfo Suarez Madrid-Barajas Airport takes around 37 minutes by public transport. If you ride-share, drive or take a cab, you'll cover the 18 kilometres in 26 minutes or so, depending on traffic.

  • Got an early flight from Adolfo Suarez Madrid-Barajas Airport to Tocumen International Airport? Avoid the last-minute rush to the terminal (and sneak in some extra precious sleep) by picking one of these hotels close to MAD:

Arriving at Tocumen International Airport (PTY)

Getting from Tocumen International Airport (PTY) to central Panama City

  • Tocumen International Airport to central Panama City is around 21 minutes in a car. It's approximately 21 kilometres away. Discover what options are available, such as cabs, car rentals or ride-sharing.

  • Getting there on public transport takes about 1 hour and 5 minutes.

When to fly to Tocumen International Airport (PTY)

  • The quietest month for a flight from Adolfo Suarez Madrid-Barajas Airport to Tocumen International Airport is February, while June is the most popular. Choose the ideal time to go to Panama City based on whether you prefer a laid-back vibe or a more bustling atmosphere.

  • The warmest month in Panama City is March, with the temperature ranging between 21ºC and 32ºC. Book your flights from Adolfo Suarez Madrid-Barajas Airport to Tocumen International Airport in this month if this is the type of weather you enjoy.

  • For cooler conditions, search for a cheap ticket from MAD to PTY in February. Temperatures average between 22ºC and 31ºC then.

More about Panama City

Complete your Panama City trip with hotels and a car rental

  • Once you've secured your cheap ticket to Tocumen International Airport, check out the lowest prices and exclusive offers on hotels. You can also compare a range of car rental companies in one place to get the best car rental price for your Panama City escape.

Prices shown on this page are estimated lowest prices only. Found in the last 45 days.