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Cheap flights from Panama City Tocumen International to Madrid

Compare Panama City Tocumen International to Madrid flight deals

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Flight deals from Panama City Tocumen International to Madrid

Looking for a cheap last-minute deal or the best round-trip flight from Panama City Tocumen International Airport to Madrid Airport? If you want to travel next month, round-trip fares start from $844. Find the lowest prices on one-way and round-trip tickets right here.
Madrid.$700 per passenger.Departing Wed, Oct 28, returning Sun, Nov 15.Round-trip flight with Avianca.Outbound indirect flight with Avianca, departing from Panama City Tocumen International on Wed, Oct 28, arriving in Madrid.Inbound indirect flight with Avianca, departing from Madrid on Sun, Nov 15, arriving in Panama City Tocumen International.Price includes taxes and charges.From $700, select.
Madrid.$700 per passenger.Departing Sun, Apr 11, returning Wed, Apr 21.Round-trip flight with Avianca.Outbound indirect flight with Avianca, departing from Panama City Tocumen International on Sun, Apr 11, arriving in Madrid.Inbound indirect flight with Avianca, departing from Madrid on Wed, Apr 21, arriving in Panama City Tocumen International.Price includes taxes and charges.From $700, select.
Madrid.$700 per passenger.Departing Tue, Nov 3, returning Tue, Nov 10.Round-trip flight with Avianca.Outbound indirect flight with Avianca, departing from Panama City Tocumen International on Tue, Nov 3, arriving in Madrid.Inbound indirect flight with Avianca, departing from Madrid on Tue, Nov 10, arriving in Panama City Tocumen International.Price includes taxes and charges.From $700, select.
Madrid.$705 per passenger.Departing Wed, Jan 20, returning Mon, Feb 8.Round-trip flight with Avianca.Outbound indirect flight with Avianca, departing from Panama City Tocumen International on Wed, Jan 20, arriving in Madrid.Inbound indirect flight with Avianca, departing from Madrid on Mon, Feb 8, arriving in Panama City Tocumen International.Price includes taxes and charges.From $705, select.
Madrid.$705 per passenger.Departing Tue, Oct 13, returning Tue, Oct 27.Round-trip flight with Avianca.Outbound indirect flight with Avianca, departing from Panama City Tocumen International on Tue, Oct 13, arriving in Madrid.Inbound indirect flight with Avianca, departing from Madrid on Tue, Oct 27, arriving in Panama City Tocumen International.Price includes taxes and charges.From $705, select.
Madrid.$705 per passenger.Departing Mon, Jan 18, returning Thu, Jan 28.Round-trip flight with Avianca.Outbound indirect flight with Avianca, departing from Panama City Tocumen International on Mon, Jan 18, arriving in Madrid.Inbound indirect flight with Avianca, departing from Madrid on Thu, Jan 28, arriving in Panama City Tocumen International.Price includes taxes and charges.From $705, select.
Madrid.$705 per passenger.Departing Sat, Feb 6, returning Sat, Feb 27.Round-trip flight with Avianca.Outbound indirect flight with Avianca, departing from Panama City Tocumen International on Sat, Feb 6, arriving in Madrid.Inbound indirect flight with Avianca, departing from Madrid on Sat, Feb 27, arriving in Panama City Tocumen International.Price includes taxes and charges.From $705, select.
Madrid.$705 per passenger.Departing Sat, Jan 30, returning Sun, Apr 4.Round-trip flight with Avianca.Outbound indirect flight with Avianca, departing from Panama City Tocumen International on Sat, Jan 30, arriving in Madrid.Inbound indirect flight with Avianca, departing from Madrid on Sun, Apr 4, arriving in Panama City Tocumen International.Price includes taxes and charges.From $705, select.
Madrid.$706 per passenger.Departing Thu, Aug 6, returning Tue, Sep 8.Round-trip flight with Avianca.Outbound indirect flight with Avianca, departing from Panama City Tocumen International on Thu, Aug 6, arriving in Madrid.Inbound indirect flight with Avianca, departing from Madrid on Tue, Sep 8, arriving in Panama City Tocumen International.Price includes taxes and charges.From $706, select.
Madrid.$710 per passenger.Departing Thu, Feb 18, returning Sun, Mar 14.Round-trip flight with Avianca.Outbound indirect flight with Avianca, departing from Panama City Tocumen International on Thu, Feb 18, arriving in Madrid.Inbound indirect flight with Avianca, departing from Madrid on Sun, Mar 14, arriving in Panama City Tocumen International.Price includes taxes and charges.From $710, select.
Madrid.$714 per passenger.Departing Sun, Mar 7, returning Sat, Mar 13.Round-trip flight with Avianca.Outbound indirect flight with Avianca, departing from Panama City Tocumen International on Sun, Mar 7, arriving in Madrid.Inbound indirect flight with Avianca, departing from Madrid on Sat, Mar 13, arriving in Panama City Tocumen International.Price includes taxes and charges.From $714, select.
Madrid.$719 per passenger.Departing Sun, Jul 26, returning Tue, Sep 1.Round-trip flight with Avianca.Outbound indirect flight with Avianca, departing from Panama City Tocumen International on Sun, Jul 26, arriving in Madrid.Inbound indirect flight with Avianca, departing from Madrid on Tue, Sep 1, arriving in Panama City Tocumen International.Price includes taxes and charges.From $719, select.
Madrid.$721 per passenger.Departing Fri, Nov 20, returning Sat, Jan 23.Round-trip flight with Avianca.Outbound indirect flight with Avianca, departing from Panama City Tocumen International on Fri, Nov 20, arriving in Madrid.Inbound indirect flight with Avianca, departing from Madrid on Sat, Jan 23, arriving in Panama City Tocumen International.Price includes taxes and charges.From $721, select.
Madrid.$721 per passenger.Departing Sun, Mar 14, returning Sat, Apr 3.Round-trip flight with Avianca.Outbound indirect flight with Avianca, departing from Panama City Tocumen International on Sun, Mar 14, arriving in Madrid.Inbound indirect flight with Avianca, departing from Madrid on Sat, Apr 3, arriving in Panama City Tocumen International.Price includes taxes and charges.From $721, select.
Madrid.$721 per passenger.Departing Mon, Oct 19, returning Fri, Jan 22.Round-trip flight with Avianca.Outbound indirect flight with Avianca, departing from Panama City Tocumen International on Mon, Oct 19, arriving in Madrid.Inbound indirect flight with Avianca, departing from Madrid on Fri, Jan 22, arriving in Panama City Tocumen International.Price includes taxes and charges.From $721, select.
Madrid.$721 per passenger.Departing Thu, Jul 30, returning Thu, Aug 27.Round-trip flight with Avianca.Outbound indirect flight with Avianca, departing from Panama City Tocumen International on Thu, Jul 30, arriving in Madrid.Inbound indirect flight with Avianca, departing from Madrid on Thu, Aug 27, arriving in Panama City Tocumen International.Price includes taxes and charges.From $721, select.

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

We’re always keeping an eye on fares, so you can find the best one in seconds. It looks like Panama City Tocumen International to Madrid flights are currently cheapest in November.
May
from $762
Jun
from $844
Jul
from $797
Aug
from $723
Sep
from $794
Oct
from $705
Nov
from $700
Dec
from $796
Jan
from $705
Feb
from $705
Mar
from $714
Apr
from $700

Direct flights from Panama City Tocumen International to Madrid

Panama City Tocumen International to Madrid: Alternative routes

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

Madrid

12km from central Madrid
ClosestCheapest
from $700
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Panama City to Madrid: Flight information

The things to know before you go.
Cheapest flight found$700
Cheapest month to flyApril
Average flight time9 hrs, 49 mins
Most popular airlineCopa
Average flights per week79

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

The best price we found for a round-trip flight from Panama City Tocumen International to Madrid is $700. 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.
9 hours and 49 minutes is the average flight time from Panama City Tocumen International to Madrid.
Copa, Etihad Airways and Air Europa fly direct from Panama City Tocumen International to Madrid.
There are 79 flights per week flying from Panama City Tocumen International to Madrid, as of May 2026.
The cheapest month to fly from Panama City Tocumen International to Madrid is usually April.
After crunching the numbers on our flight calendar, we found that it's currently cheapest to fly from Panama City Tocumen International Airport to Madrid Airport on Sunday, April 11, 2027.
Yes – the average flight time is 9 hours and 49 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 Madrid 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 Madrid is around 40 days in advance, so don’t leave your flight to the last minute.
Currently, Avianca and Iberia offer the cheapest flight tickets to Madrid.

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

  • Hop on a direct flight from Tocumen International Airport to Adolfo Suarez Madrid-Barajas Airport and you'll be in the air for an average of 9 hours 55 minutes.

  • Madrid's timezone is UTC+1, making Madrid six hours ahead of Panama City.

  • You can choose from 32 weekly Tocumen International Airport to Adolfo Suarez Madrid-Barajas Airport flights. The 17:10 departure with Iberia is the earliest flight available. Air Europa operates the last service of the day at 21:30.

  • Your PTY to MAD flight won't wait if you're running late, so get to the airport with time to spare. Arrive up to one hour in advance for domestic flights and two hours ahead for international travel.

  • You can expect longer queues in popular months like June. Arriving up to four hours ahead of an international flight and two hours for a domestic departure is a good idea.

  • Iberia offers direct flights from Tocumen International Airport to Adolfo Suarez Madrid-Barajas Airport. Book with this popular carrier, then get ready to check out the sights in Madrid — and maybe even more of Spain if time allows.

  • Iberia tops the list for bookings on this route.

  • With an impressive 80.77% of services arriving as scheduled, Air Europa has the best on-time performance for PTY to MAD flights.

  • Think about adding a stopover when booking your ticket from Tocumen International Airport to Adolfo Suarez Madrid-Barajas Airport. Simply uncheck 'Direct flights only' to break up your journey, or enjoy a detour to a new and interesting place. Check out these options between PTY and MAD:

    • El Dorado International Airport

    • Miami International Airport

    • Las Americas International Airport

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

  • $548 is the best price for a one-way Tocumen International Airport to Adolfo Suarez Madrid-Barajas Airport flight. Return flights start at $700. These fares may change based on demand and availability.

  • To get cheap tickets from PTY to MAD, book your journey six months ahead of your planned departure.

  • The cheapest month for flights from Tocumen International Airport to Adolfo Suarez Madrid-Barajas Airport is May. Use the 'Whole month' tool to see the lowest prices if you have a flexible travel schedule.

  • Getting your hands on cheap flights from PTY to MAD is a piece of cake with Price Alerts. All you need to do is set up one of these automatic alerts and we'll notify you when a new deal comes up.

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

Handy information about Tocumen International Airport (PTY)

  • Tocumen International Airport has a strong on-time record, so flight disruptions are less likely. Departures from PTY land on schedule 86.03% of the time.

  • Central Panama City to Tocumen International Airport is approximately 21 kilometers. Depending on traffic, it'll take about 20 minutes to get there if you're ride-sharing, catching a cab or driving.

  • Planning to take public transport? Expect a journey time of around 1 hour 5 minutes.

  • Need a handy hotel near PTY? If you've booked an early flight from Tocumen International Airport to Adolfo Suarez Madrid-Barajas Airport, these accommodation options will have you sleeping moments from your departure lounge:

Arriving at Adolfo Suarez Madrid-Barajas Airport (MAD)

Getting from Adolfo Suarez Madrid-Barajas Airport (MAD) to central Madrid

  • From Adolfo Suarez Madrid-Barajas Airport, Madrid is approximately 18 kilometers away. It takes around 25 minutes to get to the center driving.

  • It'll take around 35 minutes to get there by public transport.

When to fly to Adolfo Suarez Madrid-Barajas Airport (MAD)

  • July is the busiest month for flights from Tocumen International Airport to Adolfo Suarez Madrid-Barajas Airport. To escape the crowds, go to Madrid in April.

  • Book your flight from Tocumen International Airport to Adolfo Suarez Madrid-Barajas Airport for July if you want to visit Madrid during its warmest month. Expect temperatures of between 17ºC (63ºF) and 36ºC (97ºF).

  • Look for cheap tickets from PTY to MAD in January if you want to travel in cooler conditions. Temperatures are at their lowest around then, ranging between 0ºC (32ºF) and 11ºC (52ºF) on average.

Explore more of Spain

  • You've done Madrid, now it's time to discover other corners of Spain. Journey around 274 kilometers north-east to Zaragoza to tick off its leading attractions. From Puente de Piedra to Museo Pablo Gargallo and El Tubo, there's plenty to keep you on the go.

  • If you're looking to explore another great destination in Spain, head for Salamanca, about 177 kilometers west of Madrid. Plaza Mayor, S.O.U. Servicio de Orientación al Universitario. Universidad de Salamanca and Pontifical University of Salamanca are key reasons to visit.

More travel options

Plan the rest of your trip from Panama City to Madrid

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