Cheap flights from Toronto Pearson Intl Airport to Panama City from C$ 382

If you’re not able to fly to Panama City in June, then November is your next best option. Flight prices from Toronto Pearson Intl Airport to Panama City during November average around C$ 751.

The cheapest day to depart from Toronto Pearson Intl Airport to Panama City is on a Thursday when prices can be found for as low as C$ 913. The most expensive day to fly to Panama City is Saturday, with ticket prices averaging around C$ 1,024.

According to our data, the cheapest time of day to fly to Panama City is in the afternoon. momondo users have found flights departing from Toronto Pearson Intl Airport to Panama City in the afternoon for as low as C$ 798. Keep in mind that these prices may fluctuate based on what airline you choose and the time of year you plan to travel. In contrast, the most expensive time of day to depart to Panama City is in the morning when prices are around C$ 974.

Fly from Toronto Pearson Intl to Panama City Tocumen Intl for the best Toronto Pearson Intl - Panama City Tocumen Intl flight prices

You are more likely to see cheaper flights to Panama City from Toronto Pearson Intl Airport when booking weeks ahead of your departure date. In general, you can expect to find flights to Panama City for around C$ 848 when searching weeks out. However, flight prices might be lower outside of this timeframe. For example, people recently found flights to Panama City from Toronto Pearson Intl Airport for as low as C$ 745 on momondo.

There are 3 cabin classes available to choose from on Toronto Pearson Intl Airport to Panama City flights. Cabin price and availability will vary by airline so perform a search above to find the right deals for you.

You could potentially save up to 26% on your flight if you consider stops on a Toronto Pearson Intl Airport to Panama City flight.

As of June 2026, prices for Toronto Pearson Intl Airport to Panama City flights are approximately 18% cheaper when compared to flights at the same time last year.

United Airlines is the most popular carrier operating from Toronto Pearson Intl to Panama City Tocumen Intl

Copa Airlines, Avianca and Air Transat are the top three most popular airlines that fly to Panama City from Toronto Pearson Intl Airport according to our data. Copa Airlines is the first choice among our users, with 71% of people opting to fly with this airline when travelling to Panama City. Keep in mind that there are 5 different airlines that fly to Panama City on a routine basis, so you have a few additional options to choose from.

Historically, on average around 12% of flights between Toronto and Panama City have experienced a delay on any given week. The average delay length over the past 12 months has been 122 minutes.

Generally, flights departing in the morning tend to experience fewer delays. Flights departing in the morning have, in the past, seen delays more frequently in comparison.

Friday is statistically the day of the week that experiences the fewest delays on this flight route. Saturday has historically seen more delays on average compared to the rest of the week.

According to our data, Copa Airlines has had the least delays on this route over the last 12 months, with about 12% of their flights experiencing any sort of delay.

Bogotá (BOG) was the most common stop: 42% of momondo users choosing one-stop flights on this route connected there.

Flights via Bogotá (BOG) offer the lowest average round-trip price of C$ 732.

Flights connecting via Atlanta (ATL) have the shortest average one-way travel time: 7h 40m.

Atlanta (ATL) has the shortest average layover time for this route: 1h 41m.

2 flights are operational daily from Toronto Pearson Intl Airport to Panama City as of June 2026. The most popular departure time for this route is 8:00a.m., with 87% of flights per day taking off at noon.

The number of flights available between Toronto Pearson Intl Airport and Panama City is 14 per week as of June 2026. The most frequent departure day is Mon, with 21% of weekly flights leaving on this day.