Best time to go: what is the RIGHT price for a round-trip flight to Panama (Panama City) (from: Toronto)

The average price to go to Panama (Panama City) from Toronto airport is $ 698 (round trip). However, there are variations depending on the departure month. Thus, it is possible to pay for your plane ticket on average between $ 608 (in april) and $ 928 (in december), which is a saving of $ 90 or a surplus of $ 231 (compared to the average price) depending on the period you leave.

The analysis of all prices reveals that the most frequent price is between $569 to $620 and it is generally more economical to leave on a tuesday and return on a wednesday on a flight with 1 or more layovers.

Be careful, the cheapest months may correspond to unfavorable weather periods . Check out our page best time to go to Panama (Panama City) before booking your flight.

If you want to know when to book your flight at the best price, go straight to the second part of this page: When to buy your Toronto-Panama (Panama City) plane ticket.

How are these data calculated?

We have studied a sample of 60000 airfare prices from previous years for flights to Panama (Panama City) from Toronto and can thus establish precise and credible price variation trends based on different parameters. Of course, prices can vary from year to year, but the seasonal aspect of this data (recurrence of school holidays, events... from year to year) makes these statistics quite reliable.

Average price depending on the departure month

Data analysis:

By leaving in april, the price of the plane ticket will statistically be the cheapest ($ 608, saving $ 90 compared to the average price over the year which is $ 698). Conversely, december will be the most expensive ($ 928).

Flight Toronto-Panama (Panama City): when is the best time to go for the best price?

Month Good price* Average price Our opinion
January$ 539 $ 703 fair price
February$ 528 $ 666 good price
March$ 528 $ 682 good price
April$ 509 $ 608 very good price
May$ 495 $ 619 good price
June$ 554 $ 662 good price
July$ 653 $ 776 fair price
August$ 619 $ 749 fair price
September$ 540 $ 651 good price
October$ 538 $ 662 good price
November$ 540 $ 663 good price
December$ 686 $ 928 very high price

*great price to buy your plane ticket: if you see this price or cheaper during your flight search, go for it and buy it!

Price breakdown to travel from Toronto to Panama (Panama City)

Data analysis:

The prices for flights from Toronto to Panama (Panama City) range from $310 to $1240. 1% of tickets were purchased at the minimum price (from $310 to $362), 1% at the maximum price (from $1189 to $1240). The majority of plane tickets were purchased in the range of $569 to $620 (13% of tickets).

Cheapest airlines for the Toronto->Panama flight

There are 11 companies that serve Toronto from Panama (Panama City) airport: Copa, United, WestJet, Avianca (scheduled), Air Canada, Porter Airlines, Air Transat, Avianca Brazil, flair airlines, Swoop and American Airlines.

Data analysis:

Of the 60000 flights analyzed in previous years, Copa was the airline that offered the best fare most often in the flight ticket search results (45% of the time) on the Toronto->Panama route.

Direct flight or flight with layover?

Data analysis:

To get the best price for the Toronto-Panama (Panama City) flight, you should take a flight with one or more layovers (you will save an average of $ 222 compared to a direct flight).

Which day of the week to leave?

Data analysis:

Statistically, Toronto-Panama (Panama City) flights departing on a tuesday are cheaper than on other days of the week. By choosing a tuesday as your departure date, you can save an average of $51. On the other hand, departing on a friday may cost you an additional $49.

Which day of the week to come back?

Data analysis:

Statistically, return flights from Panama (Panama City) to Toronto departing on a wednesday are cheaper than on other days of the week. By choosing a wednesday for your return date, you will save an average of $47. Conversely, departing from Panama (Panama City) on a friday may cost you an additional $46.


Top prices Toronto-Panama (Panama City)

Round tripDatesPrice
Toronto → Panama City02-03 to 06-03-2025$ 470 
Toronto → Panama City12-03 to 25-03-2025$ 434 
Toronto → Panama City01-04 to 09-04-2025$ 414 
Toronto → Panama City03-04 to 10-04-2025$ 519 
Toronto → Panama City13-04 to 18-04-2025$ 518 
Toronto → Panama City01-05 to 15-05-2025$ 426 
Toronto → Panama City08-05 to 17-05-2025$ 428 
Toronto → Panama City15-05 to 20-05-2025$ 519 
Toronto → Panama City16-05 to 31-05-2025$ 510 
Toronto → Panama City19-09 to 26-09-2025$ 504 


When to book your flight Toronto - Panama (Panama City) to get the cheapest price?

Statistically, you will make the biggest savings by buying your plane ticket between 5 to 6 months in advance. However, you may end up paying a high price if you book between 0 to 1 month in advance.

Did you know: the price of plane tickets not only varies depending on how far in advance you book, but also on the day of the week you book! So, to maximize your chances of getting the best price for a Toronto-Panama flight, it is recommended to book your ticket on a tuesday.

How far in advance should I buy my flight?

Data analysis:

To get the cheapest flight ticket from Toronto to Panama (Panama City), it is recommended to buy it 5 to 6 months before departure (it is then on average 641 $, which is a saving of 57 $ compared to the overall average price). On the other hand, if you buy your ticket 0 to 1 month in advance, you will pay the full price (117 $ more than the average price).

Depending on the departure month

The best time to buy your Toronto to Panama (Panama City) flight ticket may vary depending on your departure month. Therefore, we offer you statistics on when to book your flight month by month.

Departure on... How far in advance should I book?
January

Best time: 2 to 3 months before departure (average price: 656 $)

Other interesting period(s): 1 to 2 months ($ 672), 3 to 4 months ($ 696), 9 to 10 months ($ 667), 10 to 11 months ($ 697)

February

Best time: 9 to 10 months before departure (average price: 599 $)

Other interesting period(s): 1 to 2 months ($ 644), 2 to 3 months ($ 653), 3 to 4 months ($ 637), 4 to 5 months ($ 605), 5 to 6 months ($ 647), 7 to 8 months ($ 656), 8 to 9 months ($ 655), 10 to 11 months ($ 614)

March

Best time: 5 to 6 months before departure (average price: 608 $)

Other interesting period(s): 1 to 2 months ($ 674), 2 to 3 months ($ 637), 3 to 4 months ($ 656), 4 to 5 months ($ 616), 6 to 7 months ($ 621), 7 to 8 months ($ 647), 8 to 9 months ($ 614), 9 to 10 months ($ 631), 10 to 11 months ($ 634)

April

Best time: 2 to 3 months before departure (average price: 544 $)

Other interesting period(s): 1 to 2 months ($ 588), 3 to 4 months ($ 553), 4 to 5 months ($ 590), 5 to 6 months ($ 581), 6 to 7 months ($ 563)

May

Best time: 4 to 5 months before departure (average price: 528 $)

Other interesting period(s): 1 to 2 months ($ 599), 2 to 3 months ($ 545), 3 to 4 months ($ 541), 5 to 6 months ($ 533), 6 to 7 months ($ 542), 7 to 8 months ($ 556), 8 to 9 months ($ 568)

June

Best time: 3 to 4 months before departure (average price: 569 $)

Other interesting period(s): 1 to 2 months ($ 622), 2 to 3 months ($ 576), 4 to 5 months ($ 582), 5 to 6 months ($ 608), 6 to 7 months ($ 616)

July

Best time: 4 to 5 months before departure (average price: 630 $)

Other interesting period(s): 1 to 2 months ($ 749), 2 to 3 months ($ 704), 3 to 4 months ($ 662), 5 to 6 months ($ 646), 6 to 7 months ($ 708)

August

Best time: 7 to 8 months before departure (average price: 595 $)

Other interesting period(s): 1 to 2 months ($ 746), 2 to 3 months ($ 677), 3 to 4 months ($ 666), 4 to 5 months ($ 642), 5 to 6 months ($ 605), 6 to 7 months ($ 612), 8 to 9 months ($ 733)

September

Best time: 5 to 6 months before departure (average price: 528 $)

Other interesting period(s): 1 to 2 months ($ 611), 2 to 3 months ($ 567), 3 to 4 months ($ 581), 4 to 5 months ($ 564), 6 to 7 months ($ 553), 7 to 8 months ($ 555), 9 to 10 months ($ 548)

October

Best time: 8 to 9 months before departure (average price: 534 $)

Other interesting period(s): 1 to 2 months ($ 613), 2 to 3 months ($ 581), 3 to 4 months ($ 581), 4 to 5 months ($ 599), 5 to 6 months ($ 541), 6 to 7 months ($ 541), 7 to 8 months ($ 555), 9 to 10 months ($ 565), 10 to 11 months ($ 590)

November

Best time: 9 to 10 months before departure (average price: 570 $)

Other interesting period(s): 1 to 2 months ($ 636), 2 to 3 months ($ 592), 3 to 4 months ($ 626), 4 to 5 months ($ 618), 5 to 6 months ($ 629), 6 to 7 months ($ 620), 7 to 8 months ($ 659), 8 to 9 months ($ 595)

December

Best time: 7 to 8 months before departure (average price: 852 $)

Other interesting period(s): 0 to 1 month ($ 920), 1 to 2 months ($ 875), 8 to 9 months ($ 910), 9 to 10 months ($ 877), 11 to 12 months ($ 899)

What day of the week should I book my flight ticket?

Data analysis:

Statistically, tuesday is the day when plane tickets for Toronto->Panama are the cheapest. So, by buying your plane ticket on a tuesday, you will save $9. Conversely, by buying it on a wednesday, you may end up paying $9 more.



Toronto to Panama (Panama City): flight price when booking today

Information: this data is not statistics but comes from real prices collected less than 7 days ago. Some months may not be available as we do not have enough data for them.

Month Current price
February 2025$ 1136
$514 to $2478
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March 2025$ 690
$434 to $1144
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April 2025$ 587
$414 to $939
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May 2025$ 547
$426 to $619
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June 2025$ 558
$453 to $599
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July 2025$ 692
$588 to $959
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August 2025$ 728
$609 to $1088
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September 2025$ 564
$504 to $603
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October 2025$ 593
$567 to $627
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November 2025$ 598
$575 to $615
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December 2025$ 986
$947 to $1098
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January 2026$ 697
$550 to $1117
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Data analysis:

Compared to the average price, april, may, june, july, august, september, october, november and january are cheaper to travel to Panama (Panama City). So it may be interesting to book now to leave during these months!



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