In 2026, what happens when you cancel depends on the "48-Hour Look-In" rule and your fare type. Under 2025/2026 consumer protection laws in several regions (including the U.S. and India), you can cancel any flight within 48 hours of booking for a full cash refund, provided the flight is at least 7–15 days away. Beyond that window, if you have a Non-Refundable ticket (most Economy fares), you will not get your money back; instead, you receive a Travel Credit minus a possible "reissue fee." If you have a Refundable/Flexible ticket, you get a full refund to your original payment method. In 2026, "Basic Economy" fares have become even more restrictive; many airlines now offer zero credit for these if you cancel, essentially making them a "use it or lose it" ticket. If the airline cancels your flight, 2026 regulations mandate a full cash refund within 7–14 days, regardless of your ticket type, though many airlines will first try to push you toward "bonus" travel vouchers worth 110% of your fare.