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And here you thought that the days of cheap flights to Panama were dead and gone. Surprise, the credit crisis that started in the USA and has spread throughout the world has a bright side. Along with the drop in the price of a barrel of oil there has been a drop in the cost of aviation fuel. Maybe cheap flights to Panama are back!

The November 12, 2008 edition of La Prensa notes that COPA Airlines who is Panama’s flag carrier is charging $20 less for flights within Central America. According to La Prensa COPA will be adjusting prices for other destinations according to the specifics of each destination. Other airlines such as TACA and KLM are also reducing fares, or rather the fuel surcharge part of the fare. KLM reports a 37% reduction in their transatlantic surcharge.

West Texas crude, a benchmark oil closed below $60 a barrel on November 12, 2008 whereas it sold for up to $150 a barrel in July 2008.

Fuel Costs, Inflation, and Cheap Flights to Panama

For many Panamanians an airplane flight, cheap or not, is just a dream. However, Panama’s middle class is doing better year by year. Canada and Panama just announced direct flights between Canada and Panama making business travel, vacations, and student travel easier. Cheaper flights from Panama City will be a nice part of the bargain.

A large part of Panama’s economy runs on tourism. Cheap flights to Panama will hopefully draw more North Americans in from the cold during what passes for winter in North America and what is called summer in Panama.

Inflation has driven up fuel costs, electric costs, food costs, and the cost of everything else in the last couple of years in Panama. The recent reduction in the cost of gasoline followed by the announcement that electric bills will start going down in November was welcome news in Panama. Cheap flights to Panama will only help a few travelers and the tourist industry but more work in the tourist industry will help while Panamanians await a reduction in food and retail prices in a few months while high fuel costs work their way out of the production chain.

Take a Cheap Flight on COPA to Panama

Panama is the narrowest point in the Americas where the Panama Canal connects Atlantic and Pacific. This tropical country has untouched rain forest and pristine beaches on both the Pacific and Caribbean coasts. Panama also has a first world infrastructure with the best roads, airports, ports, and telecommunications in Latin America. Panama is currently enjoying an economic boom and a flood of North American retirees attracted by easy residency laws.

Panama is a tropical paradise just waiting for you to visit. The surfing on the Pacific is some of the best in the Western Hemisphere and the deep sea fishing is world class. Now that you can take a cheap flight to Panama consider a few days in exciting Panama City where there are things to do all day and all night.

Rent a car while you visit Panama and enjoy the cheap gasoline before you take your flight back.