$637 Cheap Iberia flights Panama City (PTY) to Madrid (MAD)

Set the “Price (lowest to highest)” filter on Expedia to search for cheap Iberia return flights from $725 from PTY to MAD. Affordable one-way fares from $637 are available as well.**These prices were available on Expedia within the past 7 days, for flights departing within the next year. Prices and availability are subject to change. Additional terms apply.

February is one of the most affordable months to jet away to Madrid with Iberia. You could also find great deals on one-way and round-trip tickets in January.

Scoring the best Iberia deals from PTY to MAD is typically all about timing. You can save 17% on international flights when you book 18 to 29 days before takeoff instead of four to five months ahead. What’s more, you can pocket 17% on average by buying your tickets on a Sunday rather than a Friday, which is usually the most expensive day to book.* It’s a good idea to start searching for flights about one month before you want to travel.*Ideal booking window recommendation is based on average round-trip ticket prices for January through November for 2024. Best day of the week to book recommendation is based on average round-trip ticket prices for January through October 2024. All data sourced from ARC’s global airline sales database.

Iberia operates direct flights from Tocumen Intl. Airport (PTY) to Adolfo Suarez Madrid-Barajas Airport (MAD), with 4 weekly departures. Simply select the “Nonstop” and “Airline” filters during your search on Expedia to show all direct Iberia flights to MAD.

Depart Tocumen Intl. Airport (PTY) for Adolfo Suarez Madrid-Barajas Airport (MAD) on a direct Iberia flight, and you’ll be airborne for around 10h 5m.

Setting off from PTY at 6:20PM UTC-5, the first Iberia flight to MAD arrives at 10:25AM UTC+1. Flying earlier in the day means you’re less likely to encounter delays or cancellations.* Prefer a later start? The last Iberia flight from PTY to MAD departs at 6:20PM UTC-5 and touches down at 10:25AM UTC+1.*Most reliable time of the day recommendation is based on January through August 2024 flight status data sourced from OAG’s global flight data platform.

Iberia flights from Tocumen Intl. Airport (PTY) to Madrid touch down at Adolfo Suarez Madrid-Barajas Airport (MAD). This is the main gateway to this city.

On a standard economy flight with Iberia from PTY to MAD, passengers can bring 1 checked-in bag up to 50 lb with dimensions not exceeding 62 inches in total. For carry-on, you’re permitted 1 cabin bag weighing up to 30 lb and measuring less than 22 inches x 15 inches x 9 inches. Size and weight allowances may differ based on the cabin class you’re in and airfare type. To make sure you don’t get caught with additional fees at the airport, check your Iberia booking or visit the airline’s website before packing.

Iberia makes flying from PTY to MAD enjoyable with a 4-star airline rating and a rewarding loyalty program. You also have the chance to earn points with Iberia Plus. Remember to sign up to our free One Key™ rewards program to earn OneKeyCash™*, which can be redeemed on future travel.*OneKeyCash™ disclaimer - OneKeyCash™ is not redeemable for cash and can only be used on Expedia, Hotels.com and Vrbo.

For the Tocumen Intl. Airport (PTY) to Adolfo Suarez Madrid-Barajas Airport (MAD) route, Iberia typically operates Airbus A330-200 and Airbus A330 planes. Remember that last-minute changes are possible for operational purposes, meaning your flight could be on a different aircraft.

Depending on the ticket type you purchased, a fee is typically charged if you cancel or reschedule your booking more than 24 hours after it’s confirmed. To find plane tickets with more flexibility, select our “Changes included” or “No cancel fee” filter when you look for flights. For more information on changing or canceling your reservation, head to “Trips,” select your flight and tick “Manage Booking.”