Cheap Flights from Panama City to Madrid
Browse current best options from Panama City. Become a member to unlock all deals and get alerts when new deals appear.
Deals from
Panama City
RatePunk searches hundreds of travel sites at once for deals on flights to Madrid
Prices updated 24 days ago
486,190 searches this week
171 airlines compared
80%+ AI score for best value
Fares are subject to change and may not be available for all dates. (Data last updated May 29, 2026.)
Today’s best flight deals from Panama City to Madrid
Explore current cheapest deals departing from Panama City to Madrid
Round trip
Sort by: Cheapest
December 2 - December 9
ECP - Madrid
$1,049
$748
Round trip
December 1 - December 8
ECP - Madrid
$1,054
$748
Round trip
July 28 - August 4
ECP - Madrid
$942
$882
Round trip
August 4 - August 18
ECP - Madrid
$763
$885
Round trip
August 11 - August 18
ECP - Madrid
$800
$896
Round trip
August 12 - August 19
ECP - Madrid
$793
$907
Round trip
August 5 - August 12
ECP - Madrid
$797
$908
Round trip
August 1 - August 18
ECP - Madrid
$758
$959
Round trip
September 7 - September 26
ECP - Madrid
$828
$965
Round trip
September 11 - September 21
ECP - Madrid
$841
$995
Round trip
Unlock all 500+ flight deals to Madrid and get alerts when great deals appear
Route Intelligence — 486,190 Searches this Week
Insights for flights from Panama City to Madrid
How much is a round trip from Panama City to Madrid
Regular price: $851 - $1,198
Prices are currently below the regular range for flights from Panama City to Madrid.
The regular price range for this route is typically between $851 and $1,198. The current lowest deal is $748 with United Airlines, for travel from Dec 2 to Dec 9.
now $748
Low $851
High $1,198
The cheapest time to fly from Panama City to Madrid
The cheapest month to fly from ECP to MAD is August, with a median price of $345. The most expensive month is March, with a median price of $2003. Prices are generally lower from April to December.
August
Flights from $345
March
Flights from $2,003
Direct flights from Panama City to Madrid
United Airlines
WestJet
Porter Airlines
Air Transat
Last-minute flights going from Panama City to Madrid
Tue, Jun 23
ECP - Madrid
Panama City (ECP) - Madrid (MAD)
United Airlines
$1,015
$1,570
One-way
Fri, Jul 3
ECP - Madrid
Panama City (ECP) - Madrid (MAD)
United Airlines
$960
$1,524
One-way
Fri, Jul 3
ECP - Madrid
Panama City (ECP) - Madrid (MAD)
WestJet, Air Transat
$1,046
$1,599
One-way
Tue, Jul 7
ECP - Madrid
Panama City (ECP) - Madrid (MAD)
United Airlines
$980
$1,458
One-way
Fri, Jul 10
ECP - Madrid
Panama City (ECP) - Madrid (MAD)
United Airlines
$969
$1,697
One-way
Mon, Jul 13
ECP - Madrid
Panama City (ECP) - Madrid (MAD)
United Airlines
$960
$1,545
One-way
Biggest price drops on these dates for flights from Panama City to Madrid
Dec 1 - Dec 8
$1,054 → $748
29%
Dec 2 - Dec 9
$1,049 → $748
29%
Jul 28 - Aug 4
$942 → $882
6%
Jul 16 - Jul 23
$960 → $1,042
9%
Popular Airports to fly from Panama City to Madrid
Panama City - Madrid route insights
💸 Price insights
Recent fares below the typical level
Recent fares from Panama City to Madrid are below the typical level, with deals around $748.
📅 Best time to fly
Fly in August for the best prices
Historically, August offers the lowest median prices at $345 for flights to Madrid.
⏱️ Flight duration
Expect longer travel times
Flights to Madrid typically involve connecting flights, with a median duration of 34h 16m.
✈️ Airlines & availability
Connecting flights are common
This route is connecting dominant, with a median of 3 stopovers when connecting.
🏆 Airline highlight
United Airlines offers deals
United Airlines has offered recent deals for flights from Panama City to Madrid.
🎯 Booking tip
Deals appear frequently
Deals for this route appear frequently, with about 0.5 deals per day historically.
Panama City main airports to depart from
Northwest Florida Beaches International (ECP)
Northwest Florida Beaches International (ECP) is a good option for flights from Panama City to Madrid.
📍 ~25 km from Panama City (reachable by car)
💸 Flights from ~$748
Madrid main airports to arrive at
Adolfo Suárez Madrid–Barajas (MAD)
Adolfo Suárez Madrid–Barajas Airport is a key arrival point for reaching Madrid and surrounding areas.
📍 ~12 km from Madrid city center (reachable by car, metro, bus, train).
💸 Flights from ~$744
Airports nearby Madrid used as alternative
Valencia (VLC)
Valencia Airport offers a wide range of European and domestic connections, making it a practical alternative.
📍 ~300 km from Madrid (reachable by high-speed rail)
💸 Flights from ~$930
Barcelona–El Prat (BCN)
Barcelona–El Prat is Spain's largest alternative hub with an extensive international flight network.
📍 ~500 km from Madrid (reachable by high-speed rail)
💸 Flights from ~$721
Málaga (AGP)
Málaga Airport is a major international gateway with high flight volume, especially for low-cost carriers.
📍 ~400 km from Madrid (reachable by high-speed rail)
💸 Flights from ~$1089
Alicante–Elche (ALC)
Alicante–Elche Airport provides significant international flights, particularly to Northern Europe and the UK.
📍 ~360 km from Madrid (reachable by high-speed rail)
💸 Flights from ~$1155
Seville (SVQ)
Seville Airport is a primary hub for Southern Spain with good domestic and European coverage.
📍 ~400 km from Madrid (reachable by high-speed rail)
💸 Flights from ~$1509
Business & First Class Flight Deals to Madrid
Discover luxury on the budget with premium cabin class on flights from Panama City to Madrid.
Elite
Best Elite deals to Madrid
Exclusive daily First Class, Business Class, and Premium Economy flight deals, refreshed every 24 hours.
From ECP
Elite
Nov 29
Madrid, Spain
92% AI deal score
$2,678
$1,806
Save $872
From ECP
Elite
Jun 19
Madrid, Spain
78% AI deal score
$2,842
$2,767
Save $75
From ECP
Elite
Jul 12
Madrid, Spain
77% AI deal score
$8,009
$7,747
Save $262
From ECP
Elite
Jul 29
Madrid, Spain
76% AI deal score
$3,065
From ECP
Elite
Aug 03
Madrid, Spain
76% AI deal score
$3,113
From ECP
Elite
Aug 01
Madrid, Spain
75% AI deal score
$3,187
From ECP
Elite
Jul 29
Madrid, Spain
75% AI deal score
$3,289
From ECP
Elite
Aug 03
Madrid, Spain
75% AI deal score
$3,337
From ECP
Elite
Aug 01
Madrid, Spain
75% AI deal score
$3,411
From ECP
Elite
Jul 29
Madrid, Spain
75% AI deal score
$3,511
From ECP
Elite
Aug 01
Madrid, Spain
75% AI deal score
$3,634
From ECP
Elite
Jul 16
Madrid, Spain
75% AI deal score
$3,692
From ECP
Elite
Aug 08
Madrid, Spain
74% AI deal score
$3,819
From ECP
Elite
Aug 03
Madrid, Spain
74% AI deal score
$3,914
From ECP
Elite
Aug 08
Madrid, Spain
74% AI deal score
$4,043
From ECP
Elite
Jul 29
Madrid, Spain
72% AI deal score
$4,451
From ECP
Elite
Aug 03
Madrid, Spain
72% AI deal score
$4,888
From ECP
Elite
Jul 12
Madrid, Spain
71% AI deal score
$9,016
From ECP
Elite
Jul 12
Madrid, Spain
69% AI deal score
$11,321
From ECP
Elite
Aug 03
Madrid, Spain
68% AI deal score
$7,179