₩747,800 Cheap Flights from Panama City (PTY) to Madrid (MAD)

View ₩747,800 flight on Tue, Dec 9, 2025Opens in a new window

Popular airlines from Tocumen Intl. Airport (PTY) to Adolfo Suarez Madrid-Barajas Airport (MAD)

  • Plan, book, fly with confidence

  • trending down icon

    Be in the know

    Get alerts if flight prices drop or rise*
  • bex rewards loyalty icon

    Book smarter

    Save up to 40% on select hotels after you book a flight*
  • payments icon

    Earn twice

    Earn your airline miles on top of our rewards
    Sign in

Cheap Flights from Panama City to Madrid (PTY-MAD)

Prices were available within the past 7 days and start at ₩747,800 for one-way flights and ₩1,265,700 for round trip, for the period specified. Prices and availability are subject to change. Additional terms apply.

Air France
Tue, Sep 30 - Tue, Oct 7
PTY
Panama City
MAD
Madrid
₩1,265,700 Roundtrip, found 5 days ago
₩1,265,700
Roundtrip
found 5 days ago
Select Air France flight, departing Tue, Sep 30 from Panama City to Madrid, returning Tue, Oct 7, priced at ₩1,265,700 found 5 days ago
Air France
Tue, Sep 30 - Tue, Oct 7
PTY
Panama City
MAD
Madrid
₩1,330,400 Roundtrip, found 5 days ago
₩1,330,400
Roundtrip
found 5 days ago
Select Air France flight, departing Tue, Sep 30 from Panama City to Madrid, returning Tue, Oct 7, priced at ₩1,330,400 found 5 days ago
Air France
Tue, Sep 30 - Tue, Oct 7
PTY
Panama City
MAD
Madrid
₩1,342,000 Roundtrip, found 5 days ago
₩1,342,000
Roundtrip
found 5 days ago
Select Air France flight, departing Tue, Sep 30 from Panama City to Madrid, returning Tue, Oct 7, priced at ₩1,342,000 found 5 days ago
KLM
Tue, Sep 30 - Tue, Oct 7
PTY
Panama City
MAD
Madrid
₩1,347,600 Roundtrip, found 5 days ago
₩1,347,600
Roundtrip
found 5 days ago
Select KLM flight, departing Tue, Sep 30 from Panama City to Madrid, returning Tue, Oct 7, priced at ₩1,347,600 found 5 days ago
Iberia
Tue, Sep 30 - Tue, Oct 7
PTY
Panama City
MAD
Madrid
₩1,439,900 Roundtrip, found 5 days ago
₩1,439,900
Roundtrip
found 5 days ago
Select Iberia flight, departing Tue, Sep 30 from Panama City to Madrid, returning Tue, Oct 7, priced at ₩1,439,900 found 5 days ago
KLM
Tue, Sep 30 - Tue, Oct 7
PTY
Panama City
MAD
Madrid
₩1,451,700 Roundtrip, found 5 days ago
₩1,451,700
Roundtrip
found 5 days ago
Select KLM flight, departing Tue, Sep 30 from Panama City to Madrid, returning Tue, Oct 7, priced at ₩1,451,700 found 5 days ago
avianca
Tue, Sep 30 - Tue, Oct 7
PTY
Panama City
MAD
Madrid
₩1,475,000 Roundtrip, found 5 days ago
₩1,475,000
Roundtrip
found 5 days ago
Select avianca flight, departing Tue, Sep 30 from Panama City to Madrid, returning Tue, Oct 7, priced at ₩1,475,000 found 5 days ago
KLM
Tue, Sep 30 - Tue, Oct 7
PTY
Panama City
MAD
Madrid
₩1,492,200 Roundtrip, found 5 days ago
₩1,492,200
Roundtrip
found 5 days ago
Select KLM flight, departing Tue, Sep 30 from Panama City to Madrid, returning Tue, Oct 7, priced at ₩1,492,200 found 5 days ago
Turkish Airlines
Tue, Sep 30 - Tue, Oct 7
PTY
Panama City
MAD
Madrid
₩1,526,200 Roundtrip, found 5 days ago
₩1,526,200
Roundtrip
found 5 days ago
Select Turkish Airlines flight, departing Tue, Sep 30 from Panama City to Madrid, returning Tue, Oct 7, priced at ₩1,526,200 found 5 days ago
KLM
Tue, Sep 30 - Tue, Oct 7
PTY
Panama City
MAD
Madrid
₩1,537,900 Roundtrip, found 5 days ago
₩1,537,900
Roundtrip
found 5 days ago
Select KLM flight, departing Tue, Sep 30 from Panama City to Madrid, returning Tue, Oct 7, priced at ₩1,537,900 found 5 days ago

Find the cheapest month to fly from Panama City (PTY) to Madrid (MAD)

November is typically the cheapest month to fly

From ₩825,901 - ₩1,571,180 per traveler.

Graph displaying average flight prices per month

Flights from Panama City (PTY) to Madrid (MAD)
Origin airport
Tocumen Intl.
Destination airport
Adolfo Suárez Madrid-Barajas
Roundtrip price
₩1,265,700
Distance
8109 km
Average flight time
16 hours 57 mins

Tocumen to Madrid Flights

Sometimes you just need to get out of town or maybe you’re looking for a change of scenery. Regardless of the reason, a flight from Tocumen to Madrid will do just the trick! Go on, plan to see all the famous landmarks and eat your weight in the local cuisine. Your trip is beckoning, so answer the call by packing your suitcase and filling your travel itinerary with exploring Madrid.

Whether you’re flying for business or jet-setting on your personal time, you’ve come to the right place. Here at Expedia.com, we’ll pair you up with PTY to MAD flights that won’t make your bank account wince. Ready to temporarily leave behind Tocumen for new horizons? Browse through our cheap airfare, and filter by flight times and dates until you find just what you had in mind. From flights without layovers to ones that arrive early in the morning, you’ll come across plane tickets that suit your travel preferences. You can even bundle your flight to MAD with hotels and car rentals to score even bigger savings.

All set to hit the clouds? Book your travel arrangements with us today and have left-over money to put toward your travel outings and adventures.

Frequently asked questions

How much is a flight from Panama Airport to Adolfo Suarez Madrid-Barajas Airport (MAD)?
The lowest price advertised for a round-trip flight between Tocumen Intl. Airport (PTY) and Madrid–Barajas Airport is ₩1,265,700. But you better move fast. This figure is taken from fares quoted within the last 7 days on Expedia for flights departing within the next year. Prices and availability are subject to change. Additional terms apply.
Do I need to pay a cancellation fee if I cancel my flight from PTY to Adolfo Suarez Madrid-Barajas Airport (MAD)?
This varies between air carriers, as each one has its own terms and conditions. Head to the Customer Service Portal, where there are easy instructions on how to cancel your flight online.
How do I find cheap flights from Panama Airport to MAD that have flexible change policies?
Many airlines offer the option to reschedule your flight without a change fee. All you pay is the difference between the original flight and the new flight. When you're searching for PTY to Adolfo Suarez Madrid-Barajas Airport (MAD) flights, you'll see a "no change fees" filter for you to select.
How far is the flight from Tocumen Intl. Airport (PTY) to Madrid Airport?
With around 8,200 kilometers separating Tocumen and Madrid, your flight will be a long one. Pack wisely to make your journey more comfortable. Things like an eye mask and a cozy travel pillow should be in your carry-on bag.
Which airlines fly direct from Panama Airport to Adolfo Suarez Madrid-Barajas Airport (MAD)?
Many savvy travelers like to fly with Iberia (IB) from Tocumen Intl. Airport (PTY) to MAD. This popular airline offers 21 flights every month, so you can pick a flight time that's right for you. Another carrier operating on this route is Air Europa (UX). You'll have 17 flights each month to select from.
Are Panama Airport to Madrid–Barajas Airport flight tickets cheaper when they're purchased at the last minute?
Flight prices change all the time, so it's no sure thing. While last-minute flight deals between Panama Airport and Madrid Airport are possible, it also makes sense to keep an eye on prices well before you fly. In fact, some airlines publish their prices up to a year prior to the departure date. Expedia is constantly updating the biggest bargains around, so keep checking and be ready to lock in your seat when the price is right.

Explore a world of travel with Expedia

*Available to Expedia members.