Yes, in 2026, American Airlines has a very guest-friendly policy regarding award ticket cancellations. If you cancel an AAdvantage award flight, you are entitled to a full reinstatement of your miles at no extra cost, provided you cancel the reservation before the first flight departs. The taxes and fees paid in cash are also refunded to your original form of payment. This "high-fidelity" flexibility applies to all award levels, including Web Special awards. Once the flight is cancelled, the miles typically reappear in your account almost instantaneously, though it can occasionally take up to 48 hours. It is important to remember that you must cancel the booking before the departure time to avoid forfeiting the miles. If you have already flown a portion of a multi-city award trip, the rules become more complex, and you generally won't get a pro-rated refund for the segments already flown. For most travelers, this makes booking with miles a much lower-risk option than booking with cash, as there are currently no "redeposit fees."