Cheap flights from Toronto to Panama from C$ 337

In general, March is the cheapest month to fly from Toronto to Panama. Due to it being the ‘off-season’ during this time, you can expect flight prices to be around C$ 321. If you aren’t able to travel during the month of March, then book flights to Panama from Toronto during April instead. Flights to Panama in April, while not as cheap as those in March, still average around C$ 326.

On average, the least expensive day to fly to Panama from Toronto is on a Thursday. momondo users have found tickets for Thursday departures for as low as C$ 869. However, this price may fluctuate depending on the airline, the season, and holidays. If your travel schedule is flexible, try to avoid departing on a Saturday because tickets tend to average around C$ 995. These prices are subject to change though, so be sure to set up a Price Alert for flights to Panama.

According to our data, the cheapest time of day to fly to Panama is in the afternoon. momondo users have found flights departing from Toronto to Panama in the afternoon for as low as C$ 804. 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 is in the morning when prices are around C$ 926.

Fly from Toronto Pearson Intl to Río Hato Scarlett Martinez Intl for the best Toronto - Panama flight prices

You are more likely to see cheaper flights to Panama from Toronto when booking weeks ahead of your departure date. In general, you can expect to find flights to Panama for around C$ 845 when searching weeks out. However, flight prices might be lower outside of this timeframe. For example, people recently found flights to Panama from Toronto for as low as C$ 715 on momondo.

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

United Airlines is the most popular carrier operating from Toronto to Panama

Copa Airlines, Avianca and Air Transat are the top three most popular airlines that fly to Panama from Toronto 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. Keep in mind that there are 5 different airlines that fly to Panama 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 have experienced a delay on any given week. The average delay length over the past 12 months has been 121 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.

1 flights are operational daily from Toronto to Panama as of May 2026. The most popular departure time for this route is 8:00a.m., with 100% of flights per day taking off at noon.

The number of flights available between Toronto and Panama is 7 per week as of May 2026. The most frequent departure day is Mon, with 14% of weekly flights leaving on this day.