Yes, flexible tickets are specifically designed to be cancelled, but the "refund" you receive depends on the airline's policy and the specific "tier" of flexibility you purchased. In 2026, most major airlines offer "Fully Refundable" fares, which return the original payment to your credit card if cancelled before departure. However, many lower-cost or "semi-flexible" fares (like "Flex" or "Savvy") only allow for a cancellation for credit, meaning the value of the ticket is moved into a "Credit Shell" or "Travel Voucher" valid for 12 months. Some carriers, like Scoot or Southwest, may allow cancellation but keep the "flexibility fee" itself. In 2026, new consumer protection laws in regions like India and the EU have mandated that even non-flexible tickets must be fully refundable within a 24-to-48-hour "grace period" of booking. Always check if your "Flex" ticket is "Refundable to Original Form of Payment" (OFOP) or just "Changeable," as the latter may still charge you a fare difference for a new flight.