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I highly recommend Spirit Airlines (spiritair.com). They have the cheapest airfare I ever saw! For example, a round trip from Miami to Panama City is $77.86 plus $75.30 taxes = $153.16.
Copa Airlines is good too (copaair.com) but more expensive and there is also American Airlines (aa.com).
You can buy your ticket online with all three of them and what's great is that they all run special offers most of the time.
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