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Panama City to Madrid PAC, PTY → MAD

Marcos A. Gelabert International Airport (PAC), Tocumen International Airport (PTY) → Adolfo Suarez Madrid-Barajas Airport (MAD)

The cheapest return found recently is $820 with United Airlines, 18 Nov – 2 Dec, found yesterday. The cheapest one-way found recently is $634 with Iberia, 3 Mar 2027, found 2 days ago.

Return

The cheapest return fare on each of 8 departure dates is usually $818 to $1,092.

Cheapest return found recently

$820

18 Nov – 2 Dec · United Airlines

Tocumen International Airport (PTY) → Adolfo Suarez Madrid-Barajas Airport (MAD)

Leaves 10:00 a.m. · Return leaves 6:25 a.m. · 37 h 7 min of travel, both ways together

out 1 stop, back 2 stops

found yesterday

See prices for these datesCheck today's price

Cheapest nonstop return

None seen yet.

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Found recently, and the cheapest we hold

Cheapest found recently $820 18 Nov – 2 Decfound yesterdaySee prices for these dates

Cheapest we hold, of any age $747 24 Feb 2027 – 23 Mar 2027found 2 days agoSee prices for these dates

What have prices looked like?

Over 25 days, 24 Sept to 18 Oct, the cheapest return we saw each day was $727 to $842.

$820, the cheapest return found recently, sits here in that range of $727 to $842.

25 days is a short history, so treat this range as an early guide.

Those were the prices on those days, not today's.

Is this a good return price?

Compared with the cheapest return fare on each of 8 departure dates from 2 Nov to 24 Feb 2027, found by travelers' searches in the last 7 days (economy, the price the seller showed on Aviasales). The usual range is the middle half of those prices.

Could nearby dates be cheaper?

We hold no other 14-night return fares leaving within 3 days of 18 Nov to compare.

Every date we hold

9 fares on 8 departure dates

2 Nov – 10 Nov: $1,023, found 6 days ago10 Nov – 17 Nov: $812, found 6 days ago12 Nov – 26 Nov: $988, found yesterday18 Nov – 2 Dec: $820, found yesterday4 Dec – 23 Dec: $1,119, found 2 days ago17 Dec – 7 Jan 2027: $1,083, found 5 days ago1 Jan 2027 – 10 Jan 2027: $1,220, found 3 days ago24 Feb 2027 – 23 Mar 2027: $747, found 2 days agoNovDecJanFeb
See the chart as a table
The cheapest price seen for each departure date — per traveler in Economy.
DatesFromAirlineAirportsStopsFound
2 Nov – 10 Nov$1,023United AirlinesTocumen International Airport (PTY) → Adolfo Suarez Madrid-Barajas Airport (MAD)out 2 stops, back 2 stopsfound 6 days agoSee prices for these dates
10 Nov – 17 Nov$812United AirlinesTocumen International Airport (PTY) → Adolfo Suarez Madrid-Barajas Airport (MAD)out 2 stops, back 2 stopsfound 6 days agoSee prices for these dates
12 Nov – 26 Nov$988Air FranceTocumen International Airport (PTY) → Adolfo Suarez Madrid-Barajas Airport (MAD)out 1 stop, back 1 stopfound yesterdaySee prices for these dates
18 Nov – 2 Dec$820United AirlinesTocumen International Airport (PTY) → Adolfo Suarez Madrid-Barajas Airport (MAD)out 1 stop, back 2 stopsfound yesterdaySee prices for these dates
4 Dec – 23 Dec$1,119Air FranceTocumen International Airport (PTY) → Adolfo Suarez Madrid-Barajas Airport (MAD)out 1 stop, back 1 stopfound 2 days agoSee prices for these dates
17 Dec – 7 Jan 2027$1,083avianca airlinesTocumen International Airport (PTY) → Adolfo Suarez Madrid-Barajas Airport (MAD)out 1 stop, back 2 stopsfound 5 days agoSee prices for these dates
1 Jan 2027 – 10 Jan 2027$1,220Turkish AirlinesTocumen International Airport (PTY) → Adolfo Suarez Madrid-Barajas Airport (MAD)out 1 stop, back 1 stopfound 3 days agoSee prices for these dates
24 Feb 2027 – 23 Mar 2027$747United AirlinesTocumen International Airport (PTY) → Adolfo Suarez Madrid-Barajas Airport (MAD)out 2 stops, back 2 stopsfound 2 days agoSee prices for these dates

Which month looks cheapest?

February 2027 is the cheapest month — from $747.

November 2026From $8124 departure dates10 Nov – 17 Nov · found 6 days agoSee prices for these dates
December 2026From $1,0832 departure dates17 Dec – 7 Jan 2027 · found 5 days agoSee prices for these dates
January 2027From $1,2201 departure date1 Jan 2027 – 10 Jan 2027 · found 3 days agoSee prices for these dates
February 2027From $747Cheapest seen1 departure date24 Feb 2027 – 23 Mar 2027 · found 2 days agoSee prices for these dates

Airlines on the cheapest dates: United Airlines, Air France, avianca airlines, Turkish Airlines.

One-way

The cheapest one-way fare on each of 3 departure dates is usually $602 to $667.

Cheapest one-way found recently

$634

3 Mar 2027 · Iberia

Tocumen International Airport (PTY) → Adolfo Suarez Madrid-Barajas Airport (MAD)

Leaves 6:35 p.m. · 10 h 5 min trip

nonstop

found 2 days ago

Open this tripCheck today's price

Cheapest nonstop one-way

$634

3 Mar 2027 · Iberia

Tocumen International Airport (PTY) → Adolfo Suarez Madrid-Barajas Airport (MAD)

Leaves 6:35 p.m. · 10 h 5 min trip

nonstop

found 2 days ago

Open this tripCheck today's price

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Found recently, and the cheapest we hold

Cheapest found recently $634 3 Mar 2027found 2 days agoOpen this trip

Cheapest we hold, of any age $570 24 Novfound 6 days agoOpen this trip

What have prices looked like?

Over 24 days, 25 Sept to 18 Oct, the cheapest one-way we saw each day was $532 to $1,270.

$634, the cheapest one-way found recently, sits here in that range of $532 to $1,270.

24 days is a short history, so treat this range as an early guide.

Those were the prices on those days, not today's.

Is this a good one-way price?

Compared with the cheapest one-way fare on each of 3 departure dates from 21 Oct to 3 Mar 2027, found by travelers' searches in the last 7 days (economy, the price the seller showed on Aviasales). The usual range is the middle half of those prices.

Could nearby dates be cheaper?

We hold no other one-way fares leaving within 3 days of 3 Mar 2027 to compare.

Every date we hold

5 fares on 3 departure dates

21 Oct: $699, found 3 days ago24 Nov: $570, found 6 days ago3 Mar 2027: $634, found 2 days agoOctNovMar
See the chart as a table
The cheapest price seen for each departure date — per traveler in Economy.
DatesFromAirlineAirportsStopsFound
21 Oct$699IberiaTocumen International Airport (PTY) → Adolfo Suarez Madrid-Barajas Airport (MAD)stops unknownfound 3 days agoOpen this trip
24 Nov$570Air EuropaTocumen International Airport (PTY) → Adolfo Suarez Madrid-Barajas Airport (MAD)nonstopfound 6 days agoOpen this trip
3 Mar 2027$634IberiaTocumen International Airport (PTY) → Adolfo Suarez Madrid-Barajas Airport (MAD)nonstopfound 2 days agoOpen this trip

Which month looks cheapest?

November 2026 is the cheapest month — from $570.

October 2026From $6991 departure date21 Oct · found 3 days agoOpen this trip
November 2026From $570Cheapest seen1 departure date24 Nov · found 6 days agoOpen this trip
March 2027From $6341 departure date3 Mar 2027 · found 2 days agoOpen this trip

Airlines on the cheapest dates: Iberia, Air Europa.

Premium cabin fares from Panama City to Madrid

We hold no premium economy, business or first-class fares for this route: we collect them for the busiest routes, and this one is not among them yet.

Today's prices for 18 Nov – 2 Dec in another cabin: Premium economy · Business · First

Today's prices for 3 Mar 2027 in another cabin: Premium economy · Business · First

How far ahead were prices cheapest for Panama City to Madrid?

Return

Fares 60 to 89 days before departure were typically 10% lower than 14 to 29 days before departure.

From the cheapest return each day between 24 Sept and 18 Oct (25 days), grouped by how many days ahead the flight left; one adult in economy.

Each range covers different departure dates, so this compares typical fares, not the same trip priced twice.

Prices reflect recent searches — current fares may differ.

See these ranges as a table
Typical price in each booking range — round trip, per traveler in Economy.
Booked ahead byTypical fareCheapest dayAbove the cheapestDays of prices
14–29 days$938$812+11%11
30–59 days$973$820+16%10
60–89 days$842$826Cheapest seen24

One-way

Not enough history yet: in 24 days of one-way prices, 25 Sept to 18 Oct, fewer than 3 booking ranges had prices on 7 days or more.

Live price for these dates

The cheapest return found recently is for 18 Nov – 2 Dec. A live search on this page shows what those dates cost now, for one adult in economy.

Prices are what travelers' searches on Aviasales found in the last 7 days, in US dollars: the price the seller showed on Aviasales; bags may cost extra. Fares change, so check today's price before you book. How our prices work