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Cheap flights from Toronto to Panama City from C$456 YHM, YTZ, YYZ → PTY

Hamilton Airport (YHM), Toronto City Centre Airport (YTZ), Pearson International Airport (YYZ) → Tocumen International Airport (PTY)

The cheapest return found recently is C$1,192 (US$836) with United Airlines, 16 Dec – 27 Dec, found 2 days ago. The cheapest one-way found recently is C$456 (US$320) with Copa Airlines, 31 Dec, found 3 days ago.

Cheapest one-way found recently
C$456 (US$320), found 3 days ago
Cheapest return found recently
C$1,192 (US$836), 16 Dec to 27 Dec
Usual return price
C$898 (US$630) to C$1,177 (US$826)
Cheapest month to fly
January 2027, return fares from C$805 (US$565) found in the last 7 days

Return

The cheapest return fare on each of 5 departure dates is usually C$898 (US$630) to C$1,177 (US$826).

Cheapest return found recently

C$1,192 (US$836)

16 Dec – 27 Dec · United Airlines

Pearson International Airport (YYZ) → Tocumen International Airport (PTY)

Leaves 6:10 a.m. · Return leaves 11:55 p.m. · 20 h 21 min of travel, both ways together

out 1 stop, back 1 stop

found 2 days ago

See prices for these datesCheck today's price

Cheapest nonstop return

None seen yet.

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Found recently, and the cheapest we hold

Cheapest found recently C$1,192 (US$836) 16 Dec – 27 Decfound 2 days agoSee prices for these dates

Cheapest we hold, of any age C$805 (US$565) 6 Jan 2027 – 14 Jan 2027found 3 days agoSee prices for these dates

What have prices looked like?

Over 46 days, 24 Sept to 11 Nov, the cheapest return we saw each day was C$698 (US$490) to C$1,818 (US$1,275).

C$1,192 (US$836), the cheapest return found recently, sits here in that range of C$698 (US$490) to C$1,818 (US$1,275).

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

Is this a good return price?

Compared with the cheapest return fare on each of 5 departure dates from 15 Dec to 18 Mar 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?

Yes. Among 11-night return fares leaving within 3 days of 16 Dec, 15 Dec – 26 Dec costs C$1,185 (US$831): C$7 (US$5) less than the cheapest found recently.

United Airlines · Pearson International Airport (YYZ) → Tocumen International Airport (PTY) · out 1 stop, back 1 stop · found 3 days ago

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Every date we hold

7 fares on 5 departure dates

15 Dec – 26 Dec: C$1,185 (US$831), found 3 days ago16 Dec – 27 Dec: C$1,177 (US$826), found 3 days ago21 Dec – 29 Dec: C$1,170 (US$821), found 3 days ago6 Jan 2027 – 14 Jan 2027: C$805 (US$565), found 3 days ago18 Mar 2027 – 25 Mar 2027: C$898 (US$630), found 3 days agoDecJanMar
See the chart as a table
The cheapest price seen for each departure date — per traveler in Economy.
DatesFromAirlineAirportsStopsFound
15 Dec – 26 DecC$1,185 (US$831)United AirlinesPearson International Airport (YYZ) → Tocumen International Airport (PTY)out 1 stop, back 1 stopfound 3 days agoSee prices for these dates
16 Dec – 27 DecC$1,177 (US$826)United AirlinesPearson International Airport (YYZ) → Tocumen International Airport (PTY)out 2 stops, back 1 stopfound 3 days agoSee prices for these dates
21 Dec – 29 DecC$1,170 (US$821)United AirlinesPearson International Airport (YYZ) → Tocumen International Airport (PTY)out 2 stops, back 1 stopfound 3 days agoSee prices for these dates
6 Jan 2027 – 14 Jan 2027C$805 (US$565)American AirlinesPearson International Airport (YYZ) → Tocumen International Airport (PTY)out 1 stop, back 1 stopfound 3 days agoSee prices for these dates
18 Mar 2027 – 25 Mar 2027C$898 (US$630)United AirlinesPearson International Airport (YYZ) → Tocumen International Airport (PTY)out 1 stop, back 1 stopfound 3 days agoSee prices for these dates

Which month looks cheapest?

January 2027 is the cheapest month — from C$805 (US$565).

December 2026From C$1,170 (US$821)3 departure dates21 Dec – 29 Dec · found 3 days agoSee prices for these dates
January 2027From C$805 (US$565)Cheapest seen1 departure date6 Jan 2027 – 14 Jan 2027 · found 3 days agoSee prices for these dates
March 2027From C$898 (US$630)1 departure date18 Mar 2027 – 25 Mar 2027 · found 3 days agoSee prices for these dates

One-way

Not enough comparable prices yet for a usual one-way price.

Cheapest one-way found recently

C$456 (US$320)

31 Dec · Copa Airlines

Pearson International Airport (YYZ) → Tocumen International Airport (PTY)

Leaves 8:30 a.m. · 5 h 45 min trip

stops unknown

found 3 days ago

Open this tripCheck today's price

Cheapest nonstop one-way

None seen yet.

FareTell may earn a commission when you book through a partner.

Found recently, and the cheapest we hold

Cheapest found recently C$456 (US$320) 31 Decfound 3 days agoOpen this trip

It is also the cheapest one-way we hold, of any age.

What have prices looked like?

Over 13 days, 5 Oct to 10 Nov, the cheapest one-way we saw each day was C$456 (US$320) to C$867 (US$608).

At C$456 (US$320), the cheapest one-way found recently is at the low end of that range.

13 days is a short history, so treat this range as an early guide.

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

Is this a good one-way price?

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

Could nearby dates be cheaper?

We hold no other one-way fares leaving within 3 days of 31 Dec to compare.

Every date we hold

2 fares on 2 departure dates

10 Dec: C$832 (US$584), found 3 days ago31 Dec: C$456 (US$320), found 3 days agoDec
See the chart as a table
The cheapest price seen for each departure date — per traveler in Economy.
DatesFromAirlineAirportsStopsFound
10 DecC$832 (US$584)Porter Airlines CanadaHamilton Airport (YHM) → Tocumen International Airport (PTY)1 stopfound 3 days agoOpen this trip
31 DecC$456 (US$320)Copa AirlinesPearson International Airport (YYZ) → Tocumen International Airport (PTY)stops unknownfound 3 days agoOpen this trip

Premium cabin fares from Toronto 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 Toronto to Panama City?

Return

Fares 60 to 89 days before departure were typically 14% lower than 14 to 29 days before departure.

From the cheapest return each day between 24 Sept and 11 Nov (46 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
14–29 daysC$925 (US$649)C$925 (US$649)+17%8
30–59 daysC$1,173 (US$823)C$805 (US$565)+48%32
60–89 daysC$794 (US$557)C$698 (US$490)Cheapest seen20
90–179 daysC$830 (US$582)C$698 (US$490)+5%18

One-way

Not enough history yet: in 13 days of one-way prices, 5 Oct to 10 Nov, fewer than 3 booking ranges had prices on 7 days or more.

Live price for these dates

The cheapest return found recently is for 16 Dec – 27 Dec. 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 Toronto to Panama City?

The cheapest return found recently is C$1,192 (US$836) with United Airlines, 16 Dec to 27 Dec, found 2 days ago. The cheapest return we hold, of any age, is C$805 (US$565) with American Airlines, 6 Jan 2027 to 14 Jan 2027, found 3 days ago. The cheapest return fare on each of 5 departure dates is usually C$898 (US$630) to C$1,177 (US$826).

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

The cheapest one-way found recently is C$456 (US$320) with Copa Airlines, 31 Dec, found 3 days ago.

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

January 2027 is the cheapest month for a return, from C$805 (US$565), 6 Jan 2027 to 14 Jan 2027, found 3 days ago.

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

In 46 days of prices between 24 Sept and 11 Nov, return fares 60 to 89 days before departure were typically 14% lower than 14 to 29 days before departure.

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

Between 15 Dec and 18 Mar 2027, United Airlines has the cheapest return on 4 of the 5 departure dates we hold, and American Airlines on 1.

Prices are what travelers' searches on Aviasales found in the last 7 days: the price the seller showed on Aviasales; bags may cost extra. Canadian dollars at the Bank of Canada rate of 2026-11-12, US dollars in brackets. Fares change, so check today's price before you book. How our prices work