Yes, British Airways Avios reward bookings are refundable, provided you cancel at least 24 hours before your scheduled departure. When you cancel, all the Avios points are returned to your account, and the cash paid for taxes and surcharges is refunded, minus a standard cancellation fee (typically around £35/$55 per person). If the taxes you paid were less than the fee, you simply won't get any cash back, but your points will still be restored. This flexibility makes Avios one of the most valuable "points" currencies in 2026, as it offers a much safer safety net than non-refundable cash tickets for travelers with changing plans.