Join Date: Jun 2012
Location: In between PTY, MEX and CPH
Programs: Flying Blue Plat, SAS Eurobonus Silver, Connect Miles Gold, Marriott Lifetime Plat, Hyatt Disc.
Posts: 585
2 hours is more than sufficient. Personally I regard PTY as one of the most transfer friendly airports I've ever seen. You can walk through the whole place in 10 minutes, there's no extra security check (they do perform a gate check if you're boud for the US though) or immigration.
Lots of duty free shops, actually the place looks more like a shopping centre with a runway. I'm not impressed with the selection of liquor though. Put that might just be me.
Ah, at peak hours it can be very cramped.
Bottomline is you won't be bored, and 2 hours is more than enough.