Statistics on Toronto-Panama (Panama City) flights: what is the right price and when to buy your plane ticket?

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 $ 739 (round trip). However, there are variations depending on the departure month. Thus, it is possible to pay for your plane ticket on average between $ 641 (in april) and $ 1003 (in december), which is a saving of $ 99 or a surplus of $ 265 (compared to the average price) depending on the period you leave.

The analysis of all prices reveals that the most frequent price is between $594 to $648 and it is generally more economical to leave on a thursday 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

Created with Highcharts 8.2.2 $762 $762 $727 $727 $740 $740 $641 $641 $647 $647 $691 $691 $808 $808 $780 $780 $674 $674 $688 $688 $700 $700 $1003 $1003Average price of round-trip airfare in USD according to the departure monthjan.feb.mar.apr.mayjun.jul.aug.sep.oct.nov.dec.50060070080090010001100

Data analysis:

By leaving in april, the price of the plane ticket will statistically be the cheapest ($ 641, saving $ 99 compared to the average price over the year which is $ 739). Conversely, december will be the most expensive ($ 1003).

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

Month Good price* Average price Our opinion
January$ 596 $ 762 fair price
February$ 584 $ 727 good price
March$ 585 $ 740 good price
April$ 542 $ 641 very good price
May$ 525 $ 647 good price
June$ 582 $ 691 good price
July$ 663 $ 808 fair price
August$ 648 $ 780 fair price
September$ 565 $ 674 good price
October$ 565 $ 688 good price
November$ 570 $ 700 good price
December$ 761 $ 1003 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)

Created with Highcharts 8.2.21%1%4%4%7%7%7%7%12%12%15%15%11%11%9%9%7%7%5%5%4%4%3%3%2%2%2%2%2%2%2%2%1%1%1%1%Percentage of plane tickets found at this price$324 to $378$378 to $432$432 to $486$486 to $540$540 to $594$594 to $648$648 to $702$702 to $756$756 to $810$810 to $864$864 to $918$918 to $972$972 to $1026$1026 to $1080$1080 to $1134$1134 to $1188$1188 to $1242$1242 to $129601051520

Data analysis:

The prices for flights from Toronto to Panama (Panama City) range from $324 to $1296. 1% of tickets were purchased at the minimum price (from $324 to $378), 1% at the maximum price (from $1242 to $1296). The majority of plane tickets were purchased in the range of $594 to $648 (15% of tickets).

Cheapest airlines for the Toronto->Panama flight

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

Created with Highcharts 8.2.2Copa: 48 %Copa: 48 %United: 16 %United: 16 %Avianca (scheduled): 7 %Avianca (scheduled): 7 %WestJet: 7 %WestJet: 7 %Air Canada: 6 %Air Canada: 6 %Porter Airlines: 3 %Porter Airlines: 3 %Air Transat: 2 %Air Transat: 2 %Avianca Brazil: 2 %Avianca Brazil: 2 %flair airlines: 1 %flair airlines: 1 %Swoop: 1 %Swoop: 1 %

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 (48% of the time) on the Toronto->Panama route.

Direct flight or flight with layover?

Created with Highcharts 8.2.2 $851 $851 $628 $628Average ticket price: direct flight or flight with layover(s)Direct flightFlight with layover500550600650700750800850900

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 $ 241 compared to a direct flight).

Which day of the week to leave?

Created with Highcharts 8.2.2 $ -16 $ -16 $ +35 $ +35 $ -31 $ -31 $ -9 $ -9 $ -49 $ -49 $ +43 $ +43 $ +21 $ +21Average airfare price according to the departure daya sundaya mondaya tuesdaya wednesdaya thursdaya fridaya saturday-60-40-200204060

Data analysis:

Statistically, Toronto-Panama (Panama City) flights departing on a thursday are cheaper than on other days of the week. By choosing a thursday as your departure date, you can save an average of $49. On the other hand, departing on a friday may cost you an additional $43.

Which day of the week to come back?

Created with Highcharts 8.2.2 $ +8 $ +8 $ +8 $ +8 $ -10 $ -10 $ -56 $ -56 $ +25 $ +25 $ +45 $ +45 $ -24 $ -24Average airfare price based on the return daya sundaya mondaya tuesdaya wednesdaya thursdaya fridaya saturday-75-50-250255075

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 $56. Conversely, departing from Panama (Panama City) on a friday may cost you an additional $45.

Top prices Toronto-Panama (Panama City)

Round tripDatesPrice
Toronto → Panama City16-04 to 22-04-2025$ 515 
Toronto → Panama City22-04 to 27-04-2025$ 511 
Toronto → Panama City04-05 to 13-05-2025$ 509 
Toronto → Panama City06-06 to 11-06-2025$ 442 
Toronto → Panama City08-06 to 13-06-2025$ 444 
Toronto → Panama City10-06 to 16-06-2025$ 437 
Toronto → Panama City13-06 to 20-06-2025$ 437 
Toronto → Panama City15-06 to 20-06-2025$ 437 
Toronto → Panama City20-06 to 29-06-2025$ 511 
Toronto → Panama City04-07 to 13-07-2025$ 439 

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 2 to 3 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?

Created with Highcharts 8.2.2 $860 $860 $706 $706 $682 $682 $688 $688 $689 $689 $691 $691 $694 $694 $704 $704 $707 $707 $682 $682 $758 $758 $800 $800Average airfare price based on the number of months between booking and flight0 to 1 month1 to 2 months2 to 3 months3 to 4 months4 to 5 months5 to 6 months6 to 7 months7 to 8 months8 to 9 months9 to 10 months10 to 11 months11 to 12 months550600650700750800850900

Data analysis:

To get the cheapest flight ticket from Toronto to Panama (Panama City), it is recommended to buy it 2 to 3 months before departure (it is then on average 682 $, 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 (121 $ 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: 9 to 10 months before departure (average price: 697 $)

Other interesting period(s): 1 to 2 months ($ 716), 2 to 3 months ($ 718)
February

Best time: 9 to 10 months before departure (average price: 625 $)

Other interesting period(s): 1 to 2 months ($ 688), 2 to 3 months ($ 701), 3 to 4 months ($ 692), 4 to 5 months ($ 659), 5 to 6 months ($ 709), 6 to 7 months ($ 719), 7 to 8 months ($ 685), 8 to 9 months ($ 684), 10 to 11 months ($ 642)
March

Best time: 8 to 9 months before departure (average price: 642 $)

Other interesting period(s): 1 to 2 months ($ 727), 2 to 3 months ($ 666), 3 to 4 months ($ 710), 4 to 5 months ($ 701), 5 to 6 months ($ 678), 6 to 7 months ($ 719), 7 to 8 months ($ 687), 9 to 10 months ($ 659), 10 to 11 months ($ 662)
April

Best time: 2 to 3 months before departure (average price: 576 $)

Other interesting period(s): 1 to 2 months ($ 623), 3 to 4 months ($ 578), 4 to 5 months ($ 633)
May

Best time: 4 to 5 months before departure (average price: 554 $)

Other interesting period(s): 1 to 2 months ($ 625), 2 to 3 months ($ 575), 3 to 4 months ($ 569), 5 to 6 months ($ 575), 6 to 7 months ($ 592)
June

Best time: 3 to 4 months before departure (average price: 600 $)

Other interesting period(s): 1 to 2 months ($ 650), 2 to 3 months ($ 602), 4 to 5 months ($ 607), 5 to 6 months ($ 641), 6 to 7 months ($ 676)
July

Best time: 4 to 5 months before departure (average price: 670 $)

Other interesting period(s): 1 to 2 months ($ 782), 2 to 3 months ($ 735), 3 to 4 months ($ 689), 5 to 6 months ($ 682), 6 to 7 months ($ 741)
August

Best time: 7 to 8 months before departure (average price: 625 $)

Other interesting period(s): 1 to 2 months ($ 780), 2 to 3 months ($ 707), 3 to 4 months ($ 696), 4 to 5 months ($ 671), 5 to 6 months ($ 645), 6 to 7 months ($ 648), 8 to 9 months ($ 767)
September

Best time: 5 to 6 months before departure (average price: 552 $)

Other interesting period(s): 1 to 2 months ($ 639), 2 to 3 months ($ 592), 3 to 4 months ($ 607), 4 to 5 months ($ 589), 6 to 7 months ($ 580), 7 to 8 months ($ 582), 9 to 10 months ($ 577)
October

Best time: 5 to 6 months before departure (average price: 565 $)

Other interesting period(s): 1 to 2 months ($ 648), 2 to 3 months ($ 609), 3 to 4 months ($ 607), 4 to 5 months ($ 625), 6 to 7 months ($ 565), 7 to 8 months ($ 584), 8 to 9 months ($ 568), 9 to 10 months ($ 591), 10 to 11 months ($ 617)
November

Best time: 9 to 10 months before departure (average price: 600 $)

Other interesting period(s): 1 to 2 months ($ 673), 2 to 3 months ($ 635), 3 to 4 months ($ 658), 4 to 5 months ($ 646), 5 to 6 months ($ 657), 6 to 7 months ($ 648), 7 to 8 months ($ 688), 8 to 9 months ($ 622)
December

Best time: 7 to 8 months before departure (average price: 890 $)

Other interesting period(s): 0 to 1 month ($ 986), 1 to 2 months ($ 942), 8 to 9 months ($ 948), 9 to 10 months ($ 906), 11 to 12 months ($ 933)

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

Created with Highcharts 8.2.2 $ -6 $ -6 $ +3 $ +3 $ -7 $ -7 $ +8 $ +8 $ +6 $ +6 $ 0 $ 0 $ +5 $ +5Average price of plane ticket according to the booking daysundaymondaytuesdaywednesdaythursdayfridaysaturday-10-50510

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 $7. Conversely, by buying it on a wednesday, you may end up paying $8 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
April 2025$ 784
$511 to $1142		Find a flight
May 2025$ 621
$509 to $718		Find a flight
June 2025$ 563
$437 to $607		Find a flight
July 2025$ 578
$439 to $766		Find a flight
August 2025$ 619
$551 to $1027		Find a flight
September 2025$ 582
$581 to $584		Find a flight
October 2025$ 590
$581 to $604		Find a flight
November 2025$ 585
$581 to $604		Find a flight
December 2025$ 1122
$710 to $1288		Find a flight
January 2026$ 784
$584 to $852		Find a flight
February 2026$ 841
$755 to $927		Find a flight

Data analysis:

Compared to the average price, may, june, july, august, september, october and november 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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