oneworld member Iberia is offering attractive economy class fares to Panama. Round-trip flights start at just €538 from Lisbon. You can add luggage booking Optima Fare for €120 extra. Departures are available from January through June 2027. Availability varies by departure airport, with the broadest selection of flight dates found between February and May 2027.
You can fly from the following European airports with this offer:
- Lisbon at €538
- Venice at €540
- Rome at €548
- Madrid at €563
- Zurich at €565 (~CHF 532)
- Barcelona at €567
- Porto at €572
- Málaga at €579
- Bologna at €584
- Milan at €588
- Brussels at €606
- Amsterdam at €618
Our availability calendar highlights all possible flight dates at the lowest price for trips up to 28 days. It will forward you directly to Iberia with your selected dates:
All flights include a layover in Madrid. Intra-European feeder flights are operated by Airbus A320 family aircraft, while transatlantic flights between Madrid and Panama City are operated by Airbus A330 widebody aircraft featuring a comfortable 2-4-2 seating layout in economy class.
Citizens of the European Union, the UK, the United States, and Canada can enter Panama visa-free for tourism purposes for up to 90 days. A passport valid for at least 3 months from arrival and proof of onward travel are required.
Search & Book
According to the fare rules, tickets are on sale until September 23, 2026. A minimum stay of 7 days and a maximum stay of 3 months apply. Departures are available from January through June 2027. Availability varies by departure airport, with the broadest selection of flight dates found between February and May 2027.
You can easily locate available date combinations using Google Flights. We recommend booking directly on Iberia’s website for straightforward ticket servicing and luggage additions.
Miles & Points
These tickets are issued in booking class A. Below is a sample calculation for mileage earnings on the Lisbon – Madrid – Panama City routing:
- 5,896 Miles on SriLankan FlySmiLes
- 3,534 Miles on Alaska/Hawaiian Atmos Rewards
- 2,948 Miles on Japan Airlines Mileage Bank
- 2,948 Points + 20 Elite Points on Malaysia Airlines Enrich
- 2,948 Avios + 36 Qpoints on Qatar Privilege Club
- 2,948 Points on Finnair Plus
- 2,948 Award Miles on Royal Air Maroc Safar Flyer
- 2,948 Miles on Royal Jordanian Royal Club
- 2,534 Award Miles on Avianca LifeMiles
- Customize Calculation
Destination
Information & Tips for Panama
Panama City blends modern skyscrapers with colonial history, most notably in the Casco Viejo district with its plazas and churches. The famous Panama Canal is the city’s top attraction, with visitors often stopping at the Miraflores Locks. The official currency is the Balboa, though U.S. dollars are used interchangeably and are the main form of cash payment. Prices are moderate compared to North America—cheaper local eateries and transport exist, but touristy areas can feel pricey. The climate is hot and humid year-round, with a distinct rainy season from May to November.
→ All Dealz for Panama