As of early 2026, the fate of an unused flight ticket depends on the fare type and the airline's updated "Look-in" policy. If a ticket is unused because of a "no-show," the basic fare is often forfeited on non-refundable tickets; however, in many jurisdictions like India (under new DGCA rules), airlines are now required to refund all statutory taxes and airport fees (UDF/ADF/PSF) even on non-refundable fares. For most major global carriers, if you cancel before the flight, the value is typically converted into a Credit Shell or Travel Voucher valid for 12 to 24 months. New 2026 regulations also provide a "48-hour look-in period" for bookings made directly on airline websites, allowing passengers to cancel or amend tickets for free if the flight is at least 7–15 days away. If a ticket remains completely unused and the voucher expires, the money generally stays with the airline as "breakage" revenue unless local consumer laws mandate a refund.