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Cheap flights from Managua to Panama City from $439 MGA → PAC, PTY

Augusto C Sandino International Airport (MGA) → Marcos A. Gelabert International Airport (PAC), Tocumen International Airport (PTY)

The cheapest return found recently is $439 with Copa Airlines, 21 Dec – 25 Jan 2027, found 5 days ago. The cheapest one-way found recently is $522 with Copa Airlines, 11 Jan 2027, found 2 days ago.

Cheapest one-way found recently
$522, Copa Airlines, found 2 days ago
Cheapest return found recently
$439, 21 Dec to 25 Jan 2027
Cheapest month to fly
December 2026, one-way fares from $434 found in the last 7 days
Airlines with nonstop flights
Copa Airlines
Shortest nonstop flight found
1 h 41 min

Return

Not enough comparable prices yet for a usual return price.

Cheapest return found recently

$439

21 Dec – 25 Jan 2027 · Copa Airlines

Augusto C Sandino International Airport (MGA) → Tocumen International Airport (PTY)

Leaves 3:17 a.m. · Return leaves 7:55 a.m. · 5 h 9 min of travel, both ways together

out nonstop, back nonstop

found 5 days ago

See prices for these datesCheck today's price

Cheapest nonstop return

$439

21 Dec – 25 Jan 2027 · Copa Airlines

Augusto C Sandino International Airport (MGA) → Tocumen International Airport (PTY)

Leaves 3:17 a.m. · Return leaves 7:55 a.m. · 5 h 9 min of travel, both ways together

out nonstop, back nonstop

found 5 days ago

See prices for these datesCheck today's price

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Found recently, and the cheapest we hold

Cheapest found recently $439 21 Dec – 25 Jan 2027found 5 days agoSee prices for these dates

It is also the cheapest return we hold, of any age.

What have prices looked like?

Over 44 days, 29 Sept to 11 Nov, the cheapest return we saw each day was $343 to $454.

$439, the cheapest return found recently, sits here in that range of $343 to $454.

Those were the prices on those days, not today's.

Is this a good return price?

Not enough comparable prices yet: we hold return fares on 2 departure dates and need at least 3 to say what is usual.

Could nearby dates be cheaper?

We hold no other 35-night return fares leaving within 3 days of 21 Dec to compare.

Every date we hold

16 fares on 2 departure dates

20 Dec – 26 Dec: $448, found 8 days ago21 Dec – 25 Jan 2027: $439, found 5 days agoDec
See the chart as a table
The cheapest price seen for each departure date — per traveler in Economy.
DatesFromAirlineAirportsStopsFound
20 Dec – 26 Dec$448avianca airlinesAugusto C Sandino International Airport (MGA) → Tocumen International Airport (PTY)out 1 stop, back 1 stopfound 8 days agoSee prices for these dates
21 Dec – 25 Jan 2027$439Copa AirlinesAugusto C Sandino International Airport (MGA) → Tocumen International Airport (PTY)out nonstop, back nonstopfound 5 days agoSee prices for these dates

One-way

The cheapest one-way fare on each of 7 departure dates is usually $449 to $516.

Cheapest one-way found recently

$522

11 Jan 2027 · Copa Airlines

Augusto C Sandino International Airport (MGA) → Tocumen International Airport (PTY)

Leaves 3:16 a.m. · 1 h 41 min trip

nonstop

found 2 days ago

Open this tripCheck today's price

Cheapest nonstop one-way

$522

11 Jan 2027 · Copa Airlines

Augusto C Sandino International Airport (MGA) → Tocumen International Airport (PTY)

Leaves 3:16 a.m. · 1 h 41 min trip

nonstop

found 2 days ago

Open this tripCheck today's price

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Found recently, and the cheapest we hold

Cheapest found recently $522 11 Jan 2027found 2 days agoOpen this trip

Cheapest we hold, of any age $434 4 Decfound 4 days agoOpen this trip

What have prices looked like?

Over 48 days, 24 Sept to 11 Nov, the cheapest one-way we saw each day was $190 to $518.

At $522, the cheapest one-way found recently is above that range.

Those were the prices on those days, not today's.

Is this a good one-way price?

Compared with the cheapest one-way fare on each of 7 departure dates from 4 Dec to 29 Oct 2027, found by travelers' searches in the last 7 days (economy, the price the seller showed on Aviasales). The usual range is the middle half of those prices.

Could nearby dates be cheaper?

We hold no other one-way fares leaving within 3 days of 11 Jan 2027 to compare.

Every date we hold

18 fares on 7 departure dates

4 Dec: $434, found 4 days ago11 Jan 2027: $522, found 2 days ago29 Mar 2027: $449, found 4 days ago30 Mar 2027: $514, found 4 days ago31 Mar 2027: $449, found 4 days ago1 Apr 2027: $512, found 4 days ago29 Oct 2027: $518, found 4 days agoDecJanMarAprOct
See the chart as a table
The cheapest price seen for each departure date — per traveler in Economy.
DatesFromAirlineAirportsStopsFound
4 Dec$434Copa AirlinesAugusto C Sandino International Airport (MGA) → Tocumen International Airport (PTY)1 stopfound 4 days agoOpen this trip
11 Jan 2027$522Copa AirlinesAugusto C Sandino International Airport (MGA) → Tocumen International Airport (PTY)nonstopfound 2 days agoOpen this trip
29 Mar 2027$449AeromexicoAugusto C Sandino International Airport (MGA) → Tocumen International Airport (PTY)1 stopfound 4 days agoOpen this trip
30 Mar 2027$514avianca airlines El SalvadorAugusto C Sandino International Airport (MGA) → Tocumen International Airport (PTY)1 stopfound 4 days agoOpen this trip
31 Mar 2027$449AeromexicoAugusto C Sandino International Airport (MGA) → Tocumen International Airport (PTY)1 stopfound 4 days agoOpen this trip
1 Apr 2027$512Copa AirlinesAugusto C Sandino International Airport (MGA) → Tocumen International Airport (PTY)1 stopfound 4 days agoOpen this trip
29 Oct 2027$518avianca airlinesAugusto C Sandino International Airport (MGA) → Tocumen International Airport (PTY)1 stopfound 4 days agoOpen this trip

Which month looks cheapest?

December 2026 is the cheapest month — from $434.

December 2026From $434Cheapest seen1 departure date4 Dec · found 4 days agoOpen this trip
January 2027From $5221 departure date11 Jan 2027 · found 2 days agoOpen this trip
March 2027From $4493 departure dates29 Mar 2027 · found 4 days agoOpen this trip
April 2027From $5121 departure date1 Apr 2027 · found 4 days agoOpen this trip
October 2027From $5181 departure date29 Oct 2027 · found 4 days agoOpen this trip

Premium cabin fares from Managua to Panama City

We hold no premium economy, business or first-class fares for this route: we collect them for the busiest routes, and this one is not among them yet.

How far ahead were prices cheapest for Managua to Panama City?

Return

Fares 14 to 29 days before departure were typically 21% lower than 0 to 6 days before departure.

From the cheapest return each day between 29 Sept and 11 Nov (44 days), grouped by how many days ahead the flight left; one adult in economy.

Each range covers different departure dates, so this compares typical fares, not the same trip priced twice.

Prices reflect recent searches — current fares may differ.

See these ranges as a table
Typical price in each booking range — round trip, per traveler in Economy.
Booked ahead byTypical fareCheapest dayAbove the cheapestDays of prices
0–6 days$495$426+27%11
7–13 days$495$384+27%12
14–29 days$391$343Cheapest seen22
30–59 days$439$343+12%38
60–89 days$433$429+11%20
90–179 days$444$419+14%25
180+ days$471$461+21%8

One-way

Fares 14 to 29 days before departure were typically 16% lower than 0 to 6 days before departure.

From the cheapest one-way each day between 24 Sept and 11 Nov (48 days), grouped by how many days ahead the flight left; one adult in economy.

Each range covers different departure dates, so this compares typical fares, not the same trip priced twice.

Prices reflect recent searches — current fares may differ.

See these ranges as a table
Typical price in each booking range — one way, per traveler in Economy.
Booked ahead byTypical fareCheapest dayAbove the cheapestDays of prices
0–6 days$446$401+19%20
7–13 days$458$195+23%35
14–29 days$373$191Cheapest seen36
30–59 days$458$190+23%37
60–89 days$481$451+29%21
90–179 days$457$449+23%19
180+ days$528$518+42%11

Live price for these dates

The cheapest return found recently is for 21 Dec – 25 Jan 2027. A live search on this page shows what those dates cost now, for one adult in economy.

Questions about this trip

How much is a return flight from Managua to Panama City?

The cheapest return found recently is $439 with Copa Airlines, 21 Dec to 25 Jan 2027, found 5 days ago.

How much is a one-way flight from Managua to Panama City?

The cheapest one-way found recently is $522 with Copa Airlines, 11 Jan 2027, found 2 days ago. The cheapest one-way we hold, of any age, is $434 with Copa Airlines, 4 Dec, found 4 days ago. The cheapest one-way fare on each of 7 departure dates is usually $449 to $516.

What is the cheapest month to fly from Managua to Panama City?

December 2026 is the cheapest month for a one-way, from $434, 4 Dec, found 4 days ago.

How far ahead should I book a flight from Managua to Panama City?

In 44 days of prices between 29 Sept and 11 Nov, return fares 14 to 29 days before departure were typically 21% lower than 0 to 6 days before departure. In 48 days of prices between 24 Sept and 11 Nov, one-way fares 14 to 29 days before departure were typically 16% lower than 0 to 6 days before departure.

Is there a direct flight from Managua to Panama City?

Yes, the cheapest nonstop return found recently is $439 with Copa Airlines, 21 Dec to 25 Jan 2027, found 5 days ago. The cheapest nonstop one-way found recently is $522 with Copa Airlines, 11 Jan 2027, found 2 days ago.

How long is the flight from Managua to Panama City?

The cheapest nonstop one-way found recently, with Copa Airlines on 11 Jan 2027, takes 1 h 41 min from Augusto C Sandino International Airport (MGA) to Tocumen International Airport (PTY).

Which airlines have the cheapest flights from Managua to Panama City?

Between 4 Dec and 29 Oct 2027, Copa Airlines has the cheapest one-way on 3 of the 7 departure dates we hold, Aeromexico on 2 and avianca airlines El Salvador on 1.

Prices are what travelers' searches on Aviasales found in the last 7 days, in US dollars: the price the seller showed on Aviasales; bags may cost extra. Fares change, so check today's price before you book. How our prices work